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.