The SWX Platform has proven highly resilient and, moreover, is under continuous development. Its transaction capacity is now more than fifteen times greater than at the time of its introduction. In addition to this trading system, which is controlled via the order book and has always been highly dependable during the past ten years, and the repo platform, which is also well-established by this time, the SWX has been operating Quotematch, a high-performance system for quote-driven transactions, since 11 November 2005. Quotematch significantly enhances the performance and capacity of the proven SWX Exchange System and offers efficient trading of products with high-frequency quoting. For the present, this new Trading System will only be used for warrants and structured products. It provides the SWX with market functionality that is a perfect fit for the changed market requirements. This has been greeted with a very positive response from the market, as is shown by the fact that listings have doubled in the month of November. With Quotematch, the SWX has once again proved its ability to innovate.
In the past ten years, securities trading has changed substantially both in Switzerland and abroad. During this time, the SWX has played a key role in advancing the interests of the Swiss financial marketplace while contributing technological and regulatory expertise.
On 7 June 2006, in celebration of ten years of electronic trading, the SWX Swiss Exchange will host the General Assembly of the Federation of European Securities Exchanges (FESE), a European stockmarket association of which it is part. The related European Financial Markets Convention (EFMC) will take place on 8 and 9 June 2006. Both events will be held in Zurich.
