SIX Selects UnaVista as Trade Repository Partner

SIX will develop a central trade repository in Switzerland for derivatives, following banks’ demands.

The repository shall utilize the same reporting technology that has been implemented for the UnaVista platform of the London Stock Exchange Group (LSEG). The solution will enable Swiss clients to meet their future reporting duties, as the Swiss Financial Market Infrastructure Act (FMIA) is currently undergoing parliamentary evaluation.

It is expected that, as a result of the partnership with UnaVista, SIX clients will manage to stay ahead of regulatory and technological developments in the reporting industry, thus fulfilling the FMIA obligations, which are expected to come into effect in 2016.

“This is a landmark relationship for LSEG”, says Mark Husler, global head of product management, information services, LSEG, “as we look to work with more global infrastructure providers, such as exchanges, regulators and CCPs to use UnaVista as their in-house technology for regulatory reporting, reconciliation and data”.