The Gateway to Algorithmic and Automated Trading

SIX Securities Services launches Advanced Settlement service

First Published 19th June 2017

SIX Securities Services clients can now process their settlement instructions directly from the trading system.

Valerio Roncone, SIX Securities Services

Valerio Roncone, SIX Securities Services

London - SIX Securities Services has expanded its service offering by launching Advanced Settlement enabling financial institutions to process their settlement instructions directly from the trading system - on a fully automated, STP and real-time basis - via a single interface. The first client, Vontobel, has been using the newly developed, fully integrated service since 16 May 2017.

SIX Securities Services' new centralized, integrated and automated settlement solution aims to help clients to improve settlement processes and maintain high straight-through processing (STP) rates.

In future, Standard Settlement Instructions - SSIs; instructions on processing payments and invoicing - will be automatically generated by SIX Securities Services and managed via a central database.

Valerio Roncone, Head Markets & Clients, SIX Securities Services explains, "The changes underway in the financial sector are giving rise to fundamental challenges for our clients. With new value-added solutions such as Advanced Settlement, SIX Securities Services' clients can focus more on their core businesses and build on their competitive advantages. We are proud to have such a reliable and knowledgeable partner like Vontobel with us as we launch this new era in securities settlement."