SIX AB and Telekurs Financial extend collaboration
SIX and Telekurs Financial extend the cooperation agreement to cover the full range of Telekurs Financial products in the Nordics and Baltics. Telekurs Financial is a fully owned subsidiary of Swiss Financial Market Services Ltd (SFMS) and owner of 54.7% of the shares in SIX AB (publ). At the same time SIX has entered into a license agreement with SFMS , granting it an exclusive right to use the SIX brand and
company name outside the Nordic and Baltic countries.
Effective January 1 2008, SIX took over the responsibility for sales and support of Telekurs Financial products for securities processing in the Nordics from the Danish Vaerdipapircentralen (“VP”).This cooperation is now extended to cover the complete range of Telekurs Financial products in the Nordics and Baltics. This means that SIX can offer a wide selection of information, systems and services for all types of clients in the Nordic and Baltic region. SIX customers comprise Banks,Corporates, financial institutions and government authorities.
Marc Carletti, CEO of Telekurs Financial and chairman of the SIX AB Board comments: “Our clients select Telekurs to get comprehensive, structured and correct information in support for the complete processing chain - from front to back office. With the new cooperation agreement with SIX, we can extend our offering and increase the freedom of choice for clients in the Nordics and Baltics. Also, we can combine the strength of a global provider with local expertise and solutions. This gives us a great advantage in the market.”
The initial term of the license agreement is five years; it is subject to approval of an upcoming shareholder meeting. “The brand licensing can benefit our business in many ways”, says Johan Rost, CEO of SIX AB. “Most importantly, it can increase our brand’s global awareness and thus leverage the benefit of being part of an international organization.”