SIX strengthens clearing business with Baymarkets acquisition
<p><span class="NormalTextRun SCXW129361082 BCX0">Integration of Oslo-based platform expected to modernise derivatives clearing and expand post-trade capabilities</span><span class="NormalTextRun SCXW...
SIX has acquired Baymarkets, a Norwegian provider of clearing technology, in a move aimed at strengthening its derivatives clearing capabilities.
The deal comes amid growing pressure on European market infrastructure to modernise legacy systems and handle more complex instruments.
Baymarkets, founded in 2007 and headquartered in Oslo, offers a clearing platform that supports both exchange-traded and over-the-counter markets.
Its system is designed to handle multiple currencies and asset classes and includes a risk model that has been tested across diverse market conditions.
For SIX, the acquisition adds a technology layer that can scale as clearing requirements evolve.
Rafael Moral Santiago, head securities services and executive board member, SIX, said: “The proven expertise of Baymarkets in clearing technology strengthens our ability to deliver faster and more flexible post-trade services to our clients.”
Santiago added: “By combining Baymarkets’ innovative systems and talented team, we can accelerate the modernisation of clearing technology and bring tangible benefits to market participants across Europe.”
The deal reflects broader trends in post-trade markets, where operators are investing in digital tools and expertise to keep pace with regulatory expectations and client demands.
By bringing Baymarkets’ platform into its operations, SIX is positioning itself to tackle these challenges while expanding its toolkit for derivatives clearing.
The integration will also provide Baymarkets with access to a larger operational framework, allowing its technology to be deployed more widely.
The financial terms of the transaction have not been disclosed.
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