SIX announced its acquired Baymarkets AS to accelerate innovation in clearing technology and reinforce its position as a pan-European provider of integrated and digital post-trade solutions. Financial terms are not disclosed.
The addition of Baymarkets’ technology and expertise aligns with the commitment of SIX to continuous innovation and operational excellence, enabling Baymarkets to offer a broader suite of services that address the evolving needs of clients.
Founded in 2007 and headquartered in Oslo, Baymarkets’ clearing platform supports both exchange-traded and OTC markets. The platform offers a scalable and proven clearing system with a robust risk model for multiple currencies and asset classes. Baymarkets will provide SIX with a future-proof derivatives clearing platform that is ready to scale with its growth ambitions, strengthen innovation in clearing, and enhance in-house post-trade technology expertise.
Through its acquisition by SIX, Baymarkets reinforces its position as a leading provider of post-trade technology solutions. The integration of Baymarkets’ advanced technology into the infrastructure of SIX will further enhance the breadth and competitiveness of its product portfolio.
“The proven expertise of Baymarkets in clearing technology strengthens our ability to deliver faster and more flexible post-trade services to our clients,” said Rafael Moral Santiago, head of Securities Services and Executive Board Member at SIX, in a statement. “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.”