Switzerland's SIX Group won't rush clearing overhaul

SIX Group is reviewing clearing applications from European Multilateral Clearing Facility and European Central Counterparty, but the Swiss exchange doesn't plan to rush the process. "We are absolutely open to the idea of adding new clearers to our market. We have received the request for the trading feed from EuroCCP and EMCF, and the process is under way," said Christian Katz, CEO of cash markets at SIX Group. "But we cannot commit to a timeline. The decision is not just ours: It also depends on the existing clearinghouses to our market, and on the regulators."

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