03.11.2020 - Luzerner Kantonalbank AG (LUKB)  became the first MACD customer to successfully go live with a direct connection to the Swiss Stock Exchange’s Global Fund Services last week. Through its cooperation with the Swiss Stock Exchange, MACD, market leader for trading connectivity in Switzerland, expands its range of fund trading solutions.

George Macdonald, CEO MACD: ‘This year, we have significantly increased our range of fund destinations. We are very pleased to add another with the Swiss Stock Exchange and expand our partnership with them, which goes back over more than 20 years.’

Michael Lüthi, Head Relationship Management Post-Trading, SIX: ‘We are delighted to collaborate with MACD and welcome Luzerner Kantonalbank as the first customer to use this direct connection to our Global Fund Services. The open architecture and multi-provider strategy allows the Swiss Stock Exchange to provide customers with a sustainable, and attractive end-to-end offering on a resilient foundation.’

René Langer, Head of Trading Business Services, LUKB: ‘Together with our long-term partner MACD, we were able to establish the connection to the Global Fund Services of the Swiss Stock Exchange in very short time. Thanks to the new interface from SIX, we are pleased to provide a reliable and rapid processing service to our fund customers.’

Global Fund Services from SIX are part of the MACD Broker Program, which offers MACD customers further advantages. The broker also shares the operating and development costs, so that customers can benefit from lower connection costs and additional features.

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About MACD
As specialist for electronic trading, MACD has been successfully developing products and services for financial institutions for more than 20 years. The company is market leader in trading connectivity in Switzerland. More than 60 banks and exchanges across Europe trust in the comprehensive range of services in software development, project management, consulting, hosting and support. Around 40 IT engineers, computer scientists and economists are working on innovative solutions at locations in England, Germany and Switzerland. Since 2004, MACD has been a member of the FIX Trading Community, where George Macdonald, CEO MACD has been involved in various roles, including director. www.macd.com

About Global Fund Services from the Swiss Stock Exchange
With its Global Fund Services, the Swiss Stock Exchange enables its clients to consolidate the processing of all their investment fund transactions via one single interface using SIX’ proprietary web-based GFS portal, a direct SWIFT connection or FIX format via MACD, with its data center in Switzerland. With its bundled execution, settlement and custody services, supported by a local expert team, the Swiss Stock Exchange offers a comprehensive solution for mutual and hedge funds with a highly efficient processing solution enabling clients to focus on their core business. SIX Global Fund Service

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