The Competition Commission approves the merger of the SWX Group, the SIS Group and the Telekurs Group; the European Code of Conduct on Clearing and Settlement will continue to be observed.
Switzerland’s Competition Commission has authorised the owners of the SWX Group, the SIS Group and the Telekurs Group to join the companies together into Swiss Financial Market Services Ltd on condition that the European Code of Conduct on Clearing and Settlement (CoC) is adhered to. The CoC was signed by the SWX Swiss Exchange, virt-x Exchange Ltd., SIS x-clear AG and SIS SegaInterSettle AG in 2006. The conditions are in line with the new company’s commitment to an open architecture with free access to trading, clearing and settlement.
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