Six Securities Services Acquires Oslo Clearing

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Zurich-based Six Securities Services acquires Oslo Clearing.
    • Marina Daras
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The deal, announced in December 2012, will help support the planned implementation of CCP interoperability for clearing of equities with LCH.Clearnet.

"All parts of the value chain in the securities market are subject to new regulation and increased competition," says Bente Landsnes, CEO of Oslo Børs VPS. "The market needs larger and more robust European clearing corporations, and for Oslo Clearing collaboration with Six x-clear will represent an exciting continuation of the technology and expertise they have built up over several years."

Terms of the deal were not disclosed.

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