NEW YORK and ZURICH, Switzerland, Oct. 31 (Korea Bizwire) — Nasdaq, Inc. (Nasdaq:NDAQ) and SIX Swiss Exchange today announced the extension of their current technology contract, which includes X-stream INET Trading technology for all SIX markets, including equities, ETFs, structured products, funds and fixed income, as well as SMARTS Market Surveillance and Nasdaq Pre-Trade Risk Management. In addition, the new SIX Swiss Exchange At Midpoint (SwissAtMid) dark pool was launched on Nasdaq trading and surveillance technology earlier this month. The two companies have been partners for more than 10 years.
“We are delighted to extend our successful technology relationship with Nasdaq,” said Christoph Landis, Division CEO, SIX Swiss Exchange. “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.”
“We are proud to grow and expand our long-term relationship with SIX,” said Lars Ottersgård, Executive Vice President and Head of Market Technology, Nasdaq. “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 honor to support them in their ongoing technological and innovative endeavors.”
Nasdaq’s exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across the Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.
About SIX Swiss Exchange
SIX Swiss Exchange is the leading independent exchange in Europe. It connects companies from around the world with international investors and trading participants. It creates particularly market-oriented framework conditions for listing and trading in its highly liquid segments. SIX Swiss Exchange multiplies the locational advantages of the Swiss financial marketplace with first-rate services and is an ideal listing location. It distributes its own range of indices, including Switzerland’s most important blue-chip index SMI®. With the world’s most advanced trading technology X-stream INET it offers excellent trading conditions. www.six-swiss-exchange.com
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of approximately $9.3 trillion and more than 17,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com
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SIX Swiss Exchange:
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Source: NASDAQ, Inc. via GLOBE NEWSWIRE