SIX Swiss Exchange, Switzerland’s principal stock exchange, has announced the conclusion of its upgrade of its X-Stream INET trading platform, which is expected to bring improvements in performance, capacity and stability in response times.
The exchange reports that this is likely to underline the status of the exchange as one of the most technologically advanced in the world. With this upgrade, market participants will have more reliable information on whether their orders have been executed, and this response will arrive within 29 microseconds for 99.9% of the orders.
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This advance is key for high value and high frequency traders as it improves reliability and stability as well. This is required especially during volatile market conditions when traders and investors need to know the status of their orders as soon as possible. This improvement is likely to give them a tangible advantage in the markets as it helps them to plan their next trades accordingly.
After posting some mixed results this year, SIX Swiss Exchange hopes that the upgrade of its trading platform will attract larger traders and investors to the exchange, helping it to build its volume even more by assuring the traders of stability and availability.
The exchange upgraded to the INET-based trading platform from NASDAQ OMX in 2012, and the upgrade described in this article is the first major upgrade since then.