SIX Acquires Baymarkets to Strengthen Clearing Technology Capabilities

SIX has acquired Baymarkets AS, a move aimed at accelerating the group’s clearing technology development and reinforcing its position as a pan-European post-trade provider.

Baymarkets, founded in 2007 and based in Oslo, operates a clearing platform that supports both exchange-traded and OTC markets. The system is designed to scale across multiple currencies and asset classes and includes a risk model used by various market operators.

SIX said the acquisition will provide it with a next-generation derivatives clearing platform aligned with its long-term expansion plans. The company expects the integration to enhance its in-house post-trade technology and support ongoing innovation in clearing.

Baymarkets’ technology will be incorporated into SIX’s infrastructure, broadening the group’s post-trade offering and increasing its competitive position across Europe.

“The proven expertise of Baymarkets in clearing technology strengthens our ability to deliver faster and more flexible post-trade services,” said Rafael Moral Santiago, Head of Securities Services and Executive Board Member at SIX. He added that the combined capabilities will support modernization efforts and deliver benefits to market participants.

The financial terms of the transaction were not disclosed.