SIX Swiss Exchange successfully upgrades to INET-based trading platform from NASDAQ OMX

SIX Swiss Exchange successfully upgrades to INET-based trading platform from NASDAQ OMX

 

23/04/2012

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces that the SIX Swiss Exchange today successfully completed its upgrade to a new trading platform based on NASDAQ OMX's world-leading INET technology. SIX Swiss Exchange's upgrade of its existing SWXess trading platform utilizes NASDAQ OMX's X-stream INET technology to enable significant latency and throughput advantages in all asset classes for its trading members.

SIX Swiss Exchange is the first exchange in the world to deploy NASDAQ OMX's X-stream INET technology, which is built to enhance performance, latency and volume capacity whilst retaining the rich functionality that the standard X-stream version offers across all market types and asset classes. In addition to its proprietary interfaces, X-stream INET enables member access via ITCH and OUCH, which are among the most widely adopted trading protocols globally.

Christian Katz, CEO of SIX Swiss Exchange, said: "We have seen the number of participants, the number of securities listed and the number of trading transactions rise strongly in the last two years. By upgrading our trading platform and launching our co-location service, we are keeping pace with the expansion of SIX Swiss Exchange. Today represents the next major milestone in our continuous pursuit of best-in-class services. Client focus combined with state-of-the-art technology are essential to attracting additional liquidity. Right now, we are setting a new standard for trading, risk management and the future growth of SIX Swiss Exchange."

Lars Ottersgård, Senior Vice President NASDAQ OMX Market Technology, commented: "SIX Swiss Exchange has always been in the technology forefront and today's technology upgrade truly reinforces their position in the global exchange arena. The ultra-low latency enabled by X-stream INET in combination with functionality and throughput advantages puts SIX Swiss Exchange in a prime position to attract new volumes and members to its markets."