Hong Kong expands CMU’s global reach with Swiss, Spanish securities link

Hong Kong’s de facto central bank has linked its securities settlement platform with Switzerland’s SIX stock exchange, giving its members direct access to securities in the Swiss and Spanish markets. The Hong Kong Monetary Authority (HKMA) announced the new connection between SIX and its Central Moneymarkets Unit (CMU) platform on Wednesday, while also launching equity post-trade services on the platform for the first time. The changes are set to boost the CMU’s global reach, as well as expand...