Close Of Trading On SWX And virt-x At 5.30 pm

After consultation with the Advisory Commission for the Cash Market, the SWX Management has decided to bring forward the official close of trading for equities and equity-linked products from 6 pm to 5.30 pm with effect from 1 August 2001. The trading calendar is not affected by this decision.

When virt-x commenced operations on 25 June, the SWX Swiss Exchange extended its trading hours for equities and equity-linked products from 5 pm to 6 pm. This measure was designed to harmonize trading hours on both exchanges. Initial experience has shown that the maintenance of trading until 6 pm does not meet a need of either virt-x members or SWX participants at the moment.

The SWX Swiss Exchange will continue to take an open-minded attitude towards trading hours and react flexibly to client needs.