Hong Kong\u2019s de facto central bank has linked its securities settlement platform with Switzerland\u2019s SIX stock exchange, giving its members direct access to securities in the Swiss and Spanish markets.<\/p>\n
The Hong Kong Monetary Authority (HKMA) announced the new connection between SIX and its Central Moneymarkets Unit (CMU) platform on Wednesday, while also launching equity post-trade services on the platform for the first time.<\/p>\n
The changes are set to boost the CMU\u2019s global reach, as well as expand the platform\u2019s role beyond its traditional focus on the bond market.<\/p>\n
They also mark the debut of equity post-trade services by CMU OmniClear, a company established in 2024 to commercialise and expand the CMU\u2019s operations. The move is part of the HKMA\u2019s effort to develop the CMU into a broader post-trade platform that supports multiple asset classes and cross-border investment.<\/p>\n
The CMU serves as Hong Kong\u2019s central securities depository, providing custody and settlement services primarily for debt securities. The addition of equity post-trade services broadens its product offering, while the SIX linkage expands the platform\u2019s overseas network, giving investors access to a wider range of international securities.<\/p>\n
\u201cWe are pleased to see the successful launch of the direct linkage between CMU and SIX, and equity post-trade services by CMU OmniClear,\u201d said Eddie Yue, chief executive of the HKMA, in a statement, adding that the developments represented \u201ca significant step forward\u201d in expanding the CMU\u2019s capabilities.<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong\u2019s de facto central bank has linked its securities settlement platform with Switzerland\u2019s SIX stock exchange, giving…\n","protected":false},"author":2,"featured_media":109560,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[53301,53306,53304,53300,3260,53305,53303,18256,53302,41,17],"class_list":["post-109559","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-cmu","tag-cmu-omniclear","tag-eddie-yue","tag-hkma","tag-hong-kong","tag-hong-kong-monetary-authority","tag-securities-settlement-platform","tag-six","tag-spanish","tag-swiss","tag-switzerland"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117003992797380973","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/109559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=109559"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/109559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/109560"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=109559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=109559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=109559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}