Baymarkets Joins SIX: Strengthening Our Future in Clearing Technology
- Baymarkets
- 49 minutes ago
- 2 min read
Oslo, Norway – We are excited to announce that Baymarkets has been acquired by SIX, a leading pan-European provider of post-trade solutions. This milestone marks a significant step forward in our mission to provide cutting-edge clearing and exchange solutions to the global financial markets.
Continuing Our Focus, Enhancing Our Strengths
For our clients and partners, we want to emphasize that while our ownership has changed, our core focus remains the same. Baymarkets will continue to operate with the agility and dedication you expect from us. We remain committed to our current activities, ensuring that the services and support you rely on continue without interruption.
However, this acquisition brings new strengths to our operations. By joining forces with SIX, we are integrating our advanced technology into a robust, global infrastructure. This partnership allows us to:
Accelerate Innovation: We can now fast-track the modernization of our clearing technology, leveraging the resources of a major financial player.
Scale for the Future: Our platform, already known for its robust risk models and multi-asset capabilities, is now positioned to scale even further to meet evolving market demands.
Deliver Broader Solutions: We will be able to offer a more comprehensive suite of services, backed by the operational excellence of SIX.
A Strong Partner for the Long Term
SIX is a powerhouse in the financial infrastructure space, operating stock exchanges, post-trade services, and financial information services across 19 countries. With over 4,400 employees and an operating income of CHF 1.6 billion (2024), SIX brings the stability and efficiency that will propel Baymarkets into its next phase of growth.
Rafael Moral Santiago, Head of Securities Services at SIX, highlighted the value of our team and technology:
"The proven expertise of Baymarkets in clearing technology strengthens our ability to deliver faster and more flexible post-trade services to our clients. By combining Baymarkets' innovative systems and talented team, we can accelerate the modernization of clearing technology and bring tangible benefits to market participants across Europe."
Looking Ahead
We are incredibly proud of the "future-proof" cash and derivatives clearing platform we have built in Oslo since 2007. Today, as part of SIX, we are more ready than ever to support exchange-traded and OTC markets with world-class technology.
We look forward to this new chapter and to continuing our successful partnership with all of you.
Please find the press release from SIX here
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For more information about SIX, please visit www.six-group.com.