Nasdaq and SIX partnership still going strong 31 October 2016Zurich Reporter: Stephanie Palmer
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SIX Swiss Exchange has extended the term of its contract for use of Nasdaq technology.
The exchange uses Nasdaq’s X-stream INET Trading technology for all SIX’s equity, ETF, structured product, fund and fixed-income markets. It also uses Nasdaq’s SMARTS Market Surveillance and pre-trade risk management technology.
SIX will continue to use these products, and the two companies are also extending their relationship.
The new SIX Swiss Exchange at Midpoint dark pool was launched earlier this month, using Nasdaq trading and surveillance technology. The new service allows for mid-point execution on Swiss equity instruments directly within the largest source of liquidity.
Nasdaq and SIX Swiss Exchange have been working together for more than 10 years.
Christoph Landis, division CEO of SIX Swiss Exchange, said: "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 to implement 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 at Nasdaq, said: "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 honour to support them in their ongoing technological and innovative endeavours."
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