SIX launches London access points 03 March 2015London Reporter: Stephanie Palmer
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SIX Swiss Exchange has launched a new access point in London, offering a more cost-effective connectivity option for its participants in the UK.
The additional connectivity option aims to offer more flexibility to meet client requirements more adequately. It should also strengthen solutions, and help participants to take advantage of outstanding liquidity across a range of trading segments.
Existing participants will benefit from reduced connectivity costs, saving up to 25 percent. They will also have improved and sustained latency, with a 15 percent improvement compared to conventional connectivity implementations.
Chris Landis, head operations at SIX Swiss Exchange, said: "We have consistently made a focus on customers over the last few years, which has allowed us to attract liquidity and strengthen our position as the independent investment network of choice.”
“Today represents the next milestone in our continuous pursuit to increase our client centricity. With our new access points we are excited to offer our existing and potential new trading participants a cost-efficient option to connect to our growing market."
The London access point is available through two points; the data centres of Equinox and Interxion, both long-standing partners of SIX Exchange.
Participants will be able to reduce complexity depending on their individual needs, and can benefit from economies of scale in either one or both locations.
Stuart Turnham, director of enterprise and financial services at Equinix EMEA, said: "Equinix is delighted to extend our relationship with SIX Swiss Exchange by implementing its access point service in our London Slough Data Centre campus."
He added: "Having the additional connectivity option in our London facility provides market participants within our London Slough campus to directly access multiple SIX Swiss Exchange trading segments and interconnect with over 200 execution venues, trading participants, market data vendors and technology service providers already deployed within our multi-asset class electronic trading ecosystem."
Adriaan Oosthoek, UK managing director of Interxion, commented: "The launch of this access point adds great value to our community of over 200 financial service institutions by significantly reducing costs and latency for accessing the SIX Swiss Exchange trading platform from London. This announcement further reinforces our position as a leading provider of connectivity services to the financial community."
The move follows a successful 2014 for SIX. It saw an increase in turnover of 14 percent, topping a trillion Swiss francs, while equities grew by 18.8 percent.
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