The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces that SIX Swiss Exchange has completed its migration to a new trading platform known as 'SWXess,' based on NASDAQ OMX market technology. The SWXess platform enables trading of all SIX Swiss Exchange products, including equities, fixed income, exchange traded funds and securitized derivatives, on a single platform.
SIX Swiss Exchange has now completed its phased member migration following its initial launch of SWXess in February. The implementation was successful and the new trading platform received positive acknowledgment from members and the investing public. The SWXess trading platform, which replaces SIX Swiss Exchange's in-house system, is built to enhance performance, latency and volume capacity for all of its markets.
"In today's increasingly competitive exchange industry, high-end technology is a key differentiator in order to continue to grow volumes and introduce new and innovative products," said Mr. Christoph Bigger, CEO SIX Swiss Exchange. "NASDAQ OMX provides the core of our new system, which will bring significant performance benefits to our customers and also reinforces our commitment towards being an exchange in the technology forefront."
"We are extremely proud to be the key technology partner for a world-leading exchange like SIX Swiss Exchange," said Magnus Bocker, President NASDAQ OMX. "The launch of the SWXess trading platform should truly be considered a milestone project, and we are confident that it will provide a solid foundation for the efficiency, credibility and innovation that defines the SIX Swiss Exchange."