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...
The HKMA connects its securities settlement platform with Switzerland’s SIX exchange, while also launching equity post-trade services
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 the platform’s role beyond its traditional focus on the bond market.
They also mark the debut of equity post-trade services by CMU OmniClear, a company established in 2024 to commercialise and expand the CMU’s operations. The move is part of the HKMA’s effort to develop the CMU into a broader post-trade platform that supports multiple asset classes and cross-border investment.
The CMU serves as Hong Kong’s central securities depository, providing custody and settlement services primarily for debt securities. The addition of equity post-trade services broadens its product offering, while the SIX linkage expands the platform’s overseas network, giving investors access to a wider range of international securities.
“We are pleased to see the successful launch of the direct linkage between CMU and SIX, and equity post-trade services by CMU OmniClear,” said Eddie Yue, chief executive of the HKMA, in a statement, adding that the developments represented “a significant step forward” in expanding the CMU’s capabilities.
