SIX’s total operating income up 4.6% as exchanges restructure reaps rewards
The Group shared that since June 2024 its exchanges business unit has assumed a new organisational structure, adopting an asset class-based approach.
The Group shared that since June 2024 its exchanges business unit has assumed a new organisational structure, adopting an asset class-based approach.
The exchange said the development comes as part of its goal to tackle post-trade fragmentation in Europe and open up new trading and investment opportunities.
The exchange aligns with Cboe Global Markets and the New York Stock Exchange, who have also announced plans to extend trading hours for US equities on their respective platforms.
From March 2025, SIX x-clear’s preferred clearing services will be available for Euronext trades, with Euronext Italy joining by Q2 2025.
The division saw the largest growth year-on-year - up 18.2% - reaching £1.83 billion in 2024.
Two new post-trade subsidiaries have also been announced, helping support the securities markets.
Overall trading revenues grew 14% year-on-year to €559 million, driven by strong results within its fixed income, FX and cash trading segments.
Changes will halt European plans by Cboe, Aquis and PureStream – powered by Nasdaq – to launch trajectory offerings on the continent which were scheduled for the coming months.
The expanded coverage pertains to LSEG’s Tick History PCAP, and Real-Time-Direct solutions.
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