Zurich-based stock exchange SIX Swiss Exchange announced today the successful upgrade of its X-stream INET trading platform, first launched in April 2012. The company maintains its status as one of the most technologically advanced exchanges in the world.
Key changes in the platform include forward-looking improvements in performance and capacity, and the stability of response times.
Market participants have even more reliable information on whether their orders have been executed, enabling them to act accordingly. This improvement plays a key part in fostering stable and orderly exchange trading. — SIX Swiss Exchange
With regular updates to its trading platform, the most recent on 1 July 2017, SIX Swiss Exchange cements the technological leadership of SIX Swiss Exchange and safeguards its future performance potential.
The SIX Swiss announcement goes on to say: “Thanks to the upgrade, 99.9% of orders submitted will receive a response within 29 microseconds. Active stock exchange trading will, therefore, become even more reliable for participants, especially in markets featuring exceptionally high volatility, as they will have precise information about the status of their orders. This will contribute to higher-quality pricing, especially in choppy markets, giving market players and investors a tangible advantage.”
The low latency provided by X-stream INET allows traders to implement instant investment decisions at any time and manage risks more effectively.
X-stream INET trading technology was developed by Nasdaq OMX. SIX Swiss Exchange also offers a colocation service in partnership with Equinix, where participants from around the world have equal access to the Equinix data centre in Zurich and can install their technical equipment next to the SWXess trading engine.
The separation of the trading platform for order and quote-driven securities in October 2011 allowed SIX Swiss Exchange to launch X-stream INET. The trading platform cones with the following benefits:
- Attractive trading segments with outstanding liquidity
- World-class trading technology
- Quick admission and flexible connectivity options
- Ideal trading conditions thanks to self-regulation
- Access to extensive network and expert knowledge