SIX stands for the joint and successful commitment of Swiss banks to a strong Swiss financial center. Since its foundation ten years ago, the environment forSIX has changed fundamentally (technology, new competitors, regulation, pressure on margins).

As part of a strategic and organisational review, the Board of Directors has been intensively dealing with the changing needs of banks and the market vis-à-visSIX since the beginning of the year. The Board of Directors is clearly in favour of a strong, common financial market infrastructure in Switzerland and has decided on a number of strategic and organisational measures to optimally position SIX for the future.

With this realignment, SIX is consistently focusing on infrastructure services for its shareholders and the financial center in the areas of securities business, payment transactions and financial information. They form the core business of the company, which in future will only operate on the market under the “SIX” brand. The sharpened strategy and organizational adjustments will create synergy and efficiency effects that will have a positive effect on attractive offers for SIX clients and shareholders.

In addition, the realignment of the company creates the optimal environment for the targeted development of innovative services and their rapid market launch.

Switzerland’s stock exchange group is going to spend part of a million-franc windfall looking into what cryptocurrencies and Blockchain technology mean for its trading activities, CEO Jos Dijsselhof says in a finews.ch-TV interview.

SIX Group plans to pour at least some of the 338 million Swiss franc ($342 million) proceeds from selling a majority stake in its payments arm to France’s Worldline into experimenting with new technology like cryptocurrencies and blockchain, CEO Jos Dijsselhof said in an interview with finews.ch-TV. «We’ll do ten to 20 initiatives. Some might be successful, some might not. That’s the new SIX: we’ll try out a bit more,» Dijsselhof said:

Dijsselhof, who most recently was operating chief at pan-european exchange Euronext, began as CEO of SIX five months ago. Roughly 1,300 jobs will move to Worldline after the disposal. The Zurich-exchange operator will maintain a 27 percent share in the unit after the deal concludes, probably in the fourth quarter of 2018.

SIX also operates a financial data arm which is considerably smaller than industry rivals like Bloomberg and Thomson Reuters as well as trading, clearing, and settlement services.