Nasdaq and SIX Swiss Exchange have announced the extension of their current technology contract, which includes X-stream INET Trading technology for all SIX markets, including equities, ETFs, structured products, funds and fixed income, as well as SMARTS Market Surveillance and Nasdaq Pre-Trade Risk Management.
In addition, the new SIX Swiss Exchange At Midpoint (SwissAtMid) dark pool was launched on Nasdaq trading and surveillance technology earlier this month, as reported by Finance Magnates.
What Does 2021 Hold for the Markets? HYCM CEO SpeaksGo to article >>
Christoph Landis, Division CEO, SIX Swiss Exchange, commented: “Our broadly diversified international client base benefits from the multifunctional and high-performance trading platform as well as from the surveillance and control instruments. The cutting edge X-stream INET Trading technology allows for the implementation of investment decisions in a stable, secure and reliable trading environment and therefore supports us in serving our clients.”
Lars Ottersgård, Executive Vice President and Head of Market Technology, Nasdaq, added: “SIX is one of the leading exchanges in the world who consistently strives to bolster reliability, latency and capacity performance across their markets. It’s an honor to support them in their ongoing technological and innovative endeavors.”
SIX Swiss Exchange connects companies from around the world with international investors and trading participants. Nasdaq’s exchange technology, meanwhile, which includes trading, clearing, CSD and market surveillance systems, operates in over 100 marketplaces across the Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean. The two companies have been in partnership for over 10 years.