SIX Securities Services Introduces Advanced Settlement System

[kreslik.news]

SIX Securities Services, a Zurich-based provider of finance oriented technological solutions, has added Advanced Settlement to its services. Vontobel, a Swiss private bank based in Zurich, was involved in the development process, and is the system’s first client, beginning use of the pilot version on May 16 2017.

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Advanced Settlement is an automated system with a high straight-through processing (STP) and real-time basis, which allows financial entities to process settlement orders directly from the trading platform using a single interface. The system is said to both enhance efficiency and lower possible risks. ... (read more)