Zurich, Switzerland – swissQuant, a leading innovator in financial technology, is proud to have supported Cboe Clear Europe, one of the foremost pan-European Central Counterparties (CCPs), in securing regulatory approval to launch a centrally cleared model for securities financing transactions (SFTs).
The approval marks a pivotal advancement in addressing inefficiencies and risks associated with traditional bilateral SFTs. By introducing a streamlined, centrally cleared solution, the initiative enhances operational efficiency, reduces counterparty risk, and aligns with critical regulatory frameworks, including EMIR, CSDR, and SFTR. Additionally, the service supports access across 19 European Central Securities Depositories (CSDs), fostering broader market participation.
The partnership between swissQuant and Cboe Clear Europe underscores the power of collaboration in addressing complex market challenges. swissQuant’s CleaRisQ risk engine supported the launch of SFT clearing by providing the real-time risk management capabilities and stress-testing tools necessary to manage the intricate requirements of securities financing transactions, while ensuring compliance with critical regulatory frameworks.
“Securing regulatory approval for our securities financing transactions clearing service is a significant milestone for Cboe Clear Europe and the broader market,” said Vikesh Patel, President of Cboe Clear Europe.
“swissQuant’s expertise and technology has been important in the development of our innovative clearing solution for European Securities Financing Transactions clearing. With swissQuant’s support, we have built a solution that enhances market efficiency, reduces risk, and helps market participants allocate more of their resources to growth initiatives and advance European capital markets,” added Patel.
About swissQuant
Founded in 2005, swissQuant specialises in advanced financial technology and quantitative analysis, developing and implementing software solutions and data analytics tools for the financial industry. Headquartered in Zurich, swissQuant supports market leaders in their geographic expansion and digital transition, delivering innovative solutions that drive efficiency for financial institutions worldwide. For more information, contact info@swissquant.com.
About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE), the world’s leading derivatives and securities exchange network, delivers cutting-edge trading, clearing and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives and FX, across North America, Europe and Asia Pacific. Above all, we are committed to building a trusted, inclusive global marketplace that enables people to pursue a sustainable financial future. To learn more about the Exchange for the World Stage, visit here.
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