SIX Group is hoping to scale its exchange business beyond its home markets with the acquisition of Aquis Exchange. Both have agreed to a cash offer from SIX to acquire the entire issued and to-be-issued ordinary share capital of Aquis at a price of 727 pence per share or £207 million in total, officials say. A… Read More >>
Hearsay Systems Takes On Text Messaging Compliance
New Console Captures Texts Advisors and office staff can now efficiently exchange and track client texts from new web-based Texting Console Hearsay Systems, an electronic communication compliance provider for financial services and insurance firms, recently unveiled a “Texting Console for Hearsay Messages” that is intended to help advisors send compliant texts to clients. Text messaging… Read More >>
SIX Securities Teams with Confinale for New Tax Service
SIX Securities Services, the post-trade group at Swiss financial infrastructure provider SIX, has teamed up with tax consultancy and software developer Confinale to launch a new Tax Reclaim Service on Jan. 1, 2017 with Raiffeisen Switzerland as its first pilot client. The service, which is part of the SIX Securities Advanced Tax Services, aims to… Read More >>
SIX Securities, Clearstream Partner to Target Ops Woes
SIX Securities Services, the Swiss central securities depositary (CSD), and Clearstream, an international CSD, are joining forces to develop new services and solutions to better combat tighter regulation, reduced margins and increased competition. It has been well documented that regulation such as the E.U.’s Markets in Financial Instruments Directive II (MiFID II) and the European… Read More >>
Sibos 2013 Wrap
SWIFT customers will get “major structural price reductions for 2014” for FIN store-and-forward messages, say top officials at the financial messaging cooperative, which is hosting its Sibos 2013 conference in Dubai this week. Officials add that the 20% price cuts are intended to spur message traffic growth and €52 million in savings for customers.The new… Read More >>
