Swiss stock exchange group SIX has announced plans to merge SDX, its digital exchange, into its securities services business unit, reports Ledger Insights. The announcement was made during the group’s recent 2024 results call, where CEO Bjørn Sibbern unveiled a three-year programme to cut costs and boost margins.
The merge was “portrayed as a growth initiative”, writes Ledger Insights, even while news of the group’s intention to cut 150 jobs this year – also announced during the same call – has gripped headlines.
SIX claims that the merge will allow it to roll out SDX’s technology across the group so that it can benefit from “synergies from shared infrastructure” and “fully leverage the potential of SDX as part of the broader SIX ecosystem”.
