SIX to Invest in Omniex – an Institutional Trading Platform Provider for Cryptocurrencies and Digital Assets

March 4, 2020

Willkie represented SIX in the transaction, which will enable broader market access to cryptocurrencies.

On February 25, SIX, which operates infrastructure for the Swiss financial center including The Swiss Stock Exchange, announced it signed a partnership agreement with Omniex, which provides an institutional grade investment and trading platform specifically built for digital assets and cryptocurrencies. The partnership will provide a gateway to digital exchanges (including crypto currency exchanges) and OTC market makers worldwide for SIX and its clients, creating the basis for new business opportunities along the value chain of existing and future asset classes. The collaboration will broaden market access to cryptocurrencies, providing SIX clients standardized and secure access to trade crypto currencies. As part of the partnership, SIX will become a shareholder in Omniex.

The Omniex platform has been live and in use by clients since 2018, providing global connectivity to exchanges and OTC providers with sophisticated algorithmic solutions for digital assets and cryptocurrencies. Omniex is a first-to-market, complete trading and investment platform for institutional investors to seize the opportunities of the capital markets’ newest asset class, crypto. Its platform provides the portfolio and risk management, trade execution, investment operations, and compliance solutions institutions need to thrive in the crypto-asset markets.

SIX operates infrastructure for the Swiss financial center, catering to a broad, international client base. SIX provides services relating to securities transactions, the provision of financial information and banking services.

The Willkie team included partners Thomas Cerabino, Claire James, Matthew Berger and Tiffany Lee, and associates Stephanie Moran, Joshua Real and Chase Morgan.