SIX partners with TCS to transform Swiss post trade infrastructure

Tata Consultancy Services (TCS) said its association with Swiss and Spanish financial market infrastructure operator SIX, to modernise the latter’s post-trade platform for the Swiss market, has resulted in a resilient and robust post-trade market infrastructure, and has accelerated SIX’ journey to becoming a key player in the global securities services industry.

The new system enables customisation of post-trade processes individually, giving each business greater flexibility and agility to meet differing market requirements across the world, a release by TCS said.

SIX’s core platform, originally built by TCS in the 90s, was one of the world’s first online real-time settlement systems. The technology company has worked in close collaboration with SIX and technology providers to design an innovative transformation strategy and a modern open systems environment.

The TCS stock inched up by 0.77 per cent on the BSE, to trade at ₹3,889.80 as of 11:37 am on Monday.