SIX reveals Clearstream partnership intent
SIX and Clearstream aim to have a memorandum of understanding in place by mid-December.
Renewal of agreement comes after competitive tender process.
SIX Group CFO Stefan Mäder will leave the position at his own request after six years in the role.
MTF will go interoperable with extended clearing options which LCH and X-clear say will improve netting opportunities.
Citi has been awarded a mandate from SIX Securities Services to provide custody services for $230 billion of assets.