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virt-x, the London-based securities exchange and subsidiary of SWX Group, is to change its name following the merger of SWX Group, SIS Group and Telekurs Group in 2008.
Effective 3 March 2008 virt-x Exchange Limited will change its legal name to SWX Europe Limited.
In keeping with the core values of the merged Swiss Financial Market Services AG, the name change reflects the commitment of the new enterprise to promoting SWX Swiss Exchange and SWX Europe as pre-eminent liquidity venues for Swiss securities trading.
Lee Hodgkinson, CEO virt-x, commented:
“We are committed to providing the most liquid venue for Swiss blue-chip trading from our base in London. The new SWX Europe brand clarifies our identity and underpins our competitive positioning, as we continue to deliver our strategy to revitalise trading services in a MiFID environment.”
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. It provides customers with first-rate securities exchange services and brings
together participants, issuers and investors in an efficient and transparent marketplace. In addition to the broad
palette of products it offers, the SWX Swiss Exchange's integrated, fully automatic trading, clearing and settlement
system is indeed convincing: at the click of a mouse, orders are executed, cleared, settled and confirmed.
www.swx.com
virt-x
virt-x Exchange Limited, a part of the SWX Group, is a UK Recognised Investment Exchange supervised by the
Financial Services Authority. virt-x is the home market for Swiss blue chip securities and offers an attractive
pool of liquidity for leading European blue chips. virt-x has an integrated trading, clearing and settlement model
which simplifies the process of trading pan-European blue chips and provides scope for a significant reduction of
cross-border transaction costs.
www.virt-x.com
