SIX chooses fintech Planixs for real-time treasury platform enhancements
SIX has selected Planixs to enhance its real-time treasury platform with real-time liquidity management capabilities combined with cash management and operations, vostro (client account) liquidity services and real-time matching using the fintech’s Realiti software.
The project will see SIX initially roll out Realiti’s Intraday Liquidity Management, Funding and Forecasting, Intraday Reconciliations and Vostro (Client account) Management modules across the Swiss Stock Exchange to improve cash and liquidity management, increase automation and enhance liquidity optimization processes – with the option to roll out additional modules in the future to extend capability.
SIX is responsible for operating the critical infrastructure that underpins the Swiss financial system and has recently acquired the Spanish stock exchange operator BME. The Swiss Stock Exchange is one of Europe’s key regulated exchanges and is the reference market for over 35,000 Swiss securities. The Swiss Stock Exchange is responsible for Listing, Trading and Post-Trade encompassing Clearing, Settlement, Swiss & Global Custody and asset servicing.
Planixs is a provider of real-time, intraday cash, collateral and liquidity management solutions. Its customers include Lloyds Banking Group, Landesbank Baden-Württemberg (LBBW), Scotiabank, Zenith Bank and Bank Leumi.
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