As of 24 April 2009, the vast majority of SIX Swiss Exchange market participants have been migrated successfully to the high-capacity SWXess trading platform that was introduced on 16 February 2009. Effective immediately, all securities (shares, bonds, exchange traded funds and securitized derivatives) listed on SIX Swiss Exchange will be traded via SWXess. Thanks to its massively increased capacity, this platform also facilitates the needs of algorithmic traders as well as the requirements for Direct Market Access (DMA). As a result of standardized interfaces and a choice of connectivity options, cost-savings can be achieved with SWXess: participants now have the opportunity to fine-tune their trading interfaces in accordance with their individual needs.
“SWXess offers enhanced capacity and speed while reducing latency, and this without taking a toll on reliability. The new system has been well received in the marketplace,” stated Chris Landis, Head of Information Technology at SIX Swiss Exchange. He continued by saying: “For SIX Swiss Exchange, it is of the greatest importance that we continually improve and expand our services in an effort to generate added value for our participants through high-performance and competitive technologies.“
The main technology partners in this new concept for the Trading System were NASDAQ OMX and NYSE Technologies (a subsidiary of NYSE Euronext).
Click on the following links for detailed technological information:
Nasdaq OMX:
http://ir.nasdaqomx.com/releases.cfm
NYSE Euronext:
http://www.nyse.com/audience/media.html