The SWX Swiss Exchange today launches its new trading system capability with significantly enhanced capacity to enable high performance trading in securitised derivatives. Known as “Quotematch”, the trading platform has been delivered in partnership with Computershare Markets Technology and is based on its X-stream platform, which is widely used across the globe.
The new trading capability provides participants with a number of significant advantages:
- A high-performance electronic quote-based trading system based on proven, robust and scaleable technology
- Significant opportunity for growth in the issuance of securitised derivative products and trading volumes
- Rapid quote maintenance, via a new and lightweight market maker interface
- Faster access for price takers than at present, via existing SWX interfaces
- Straight through settlement processing
Early adoption of the new trading platform by the majority of market makers means that 97 % of the 5,900 securitised derivatives currently listed at SWX will migrate to the new trading platform in the first four weeks of live operation.
Reaffirming their commitment to the highest service levels, SWX and virt-x are also integrating the SMARTS product, an off-the-shelf system providing real-time supervision and surveillance of markets.
Commenting on the Quotematch Programme, Jürg Spillmann, Head of the SWX Group Executive Committee, said:
“With Quotematch, SWX will be passing yet another significant milestone on the path to modernising the securities exchange environment. Building on our recent record growth in securities derivative listings, the substantial extension of trading performance and capacity will underpin our strategy for significant development of market share and revenues in this important market segment. The SWX Swiss Exchange joins its participants in looking forward to a new future in the securitised derivatives market”.
SWX Swiss Exchange
The SWX Swiss Exchange, a part of the SWX Group, is one of the world’s leading and most technologically
advanced securities exchanges. The fully automated trading, clearing and settlement system remains unique in the
world. At the click of a mouse, an order is executed, cleared, paid for and confirmed – all within the space of 2
minutes, with an average of 2.3 million transactions each trading day. The SWX Swiss Exchange offers its
customers first-rate securities exchange services and a broad range of investment products.
www.swx.com
Computershare Limited (CPU)
Computershare (ASX: CPU) is the world’s leading financial services and technology provider to the
global securities industry in its provision of services and solutions to listed companies, investors,
employees, exchanges and other financial institutions.
With a unique range of integrated services, Computershare provides specialised records management
for company share registers and employee share and stock option plans, document design and
communication, strategic investor relations and market intelligence, and a variety of sophisticated trading
technologies for financial markets.
Computershare is the largest and only provider of global shareholder and employee management
services - administering more than 70 million shareholder accounts for over 13,000 corporations across
twelve countries on five continents. Founded in Australia in 1978, Computershare today employs almost
8,000 people worldwide.
www.computershare.com
Computershare Markets Technology
Computershare Markets Technology offers an integrated suite of trading, surveillance, routing and backoffice
products designed to meet the diverse needs of brokers, financial institutions, exchanges and
market organisers around the world. Currently powering more than 40 exchanges, CSDs and market
regulators worldwide, our solutions enable markets and exchanges to swiftly realise the efficiencies,
enhanced accuracy and added functionality achievable through process automation.
http://marketstechnology.computershare.com
SMARTS Pty Limited Supplying 12 national stock exchanges, 4 national regulators and 14 brokers in 11
countries SMARTS is the acknowledged world leader in the supply of real-time “off-the-shelf” market
surveillance/compliance technology to the world's financial community.
www.smarts-systems.com
