SIX x-clear is expanding its operations in Scandinavia by opening a new representative office in Stockholm. The company has appointed Ann Flodström, a highly regarded clearing expert, as head of Nordic region. Flodström will primarily focus on strengthening client relationships and supporting entities involved in clearing.
The company will clear transactions as central counterparty (CCP) on the regulated Nasdaq OMX exchanges in Denmark, Finland and Sweden as of January 2010.
As an advocate of competitive clearing, SIX x-clear takes a further step towards pan-European interoperability between CCPs. Alongside the existing clearing services provided to the London Stock Exchange (LSE), Nyfix Euromillenium and SIX Swiss Exchange, SIX x-clear is set to implement a series of new links for the most prominent multilateral trading systems and regulated exchanges. These include Chi-X, BATS, Nasdaq Europe, Liquidnet, Turquoise, Equiduct and Secfinex.
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