Six open to acquisitions to expand outside Switzerland
Faced with increased competition from stock exchanges, Six – owner of Swiss Exchange and Six Securities Services – wants to expand in Europe and possibly make a few more acquisitions
It’s a tough time for exchanges. As a panoply of new competitors has cropped up in the form of multilateral trading facilities (MTFs), non-exchange platforms that bring together buyers and sellers, prices have been cut and margins squeezed.
Six, the main operator of Switzerland’s financial market infrastructure, encompasses four different businesses: Six Swiss Exchange; Six Payment Services, a credit card and e-payment business; Six Securities Services, which offers post-trade services; and Six
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