Microwave Technology for Lowest Latency
The Swiss Stock Exchange is the first regulated exchange in Europe to own and operate an international microwave (or radio frequency, RF) network which enables the fastest transmission of market data between trading centers. Read on to learn more about the technology, our network and your benefits.
The Swiss Stock Exchange offers the service through the Zurich-based subsidiary 12H AG (“12H”) and takes care of all customer relationships.
Your Benefits on the Swiss Stock Exchange
Microwave technology allows the fastest transmission of trade data.
We own and operate today’s largest microwave network in Europe.
Equal access for all is ensured at regulatory and technical levels.
Exclusive Access – for Everybody
The Swiss Stock Exchange is the first regulated exchange in Europe to own and operate an international microwave network. Equal access to the microwave network is ensured for all trading participants at both regulatory and technical levels, in line with Switzerland's legal framework.
Better Execution Conditions for All Market Participants
The ultra-low latency microwave network of SIX enables trading participants of the Swiss Stock Exchange – such as market makers and liquidity providers in the equities and ETF space – to execute their trading strategies faster while at the same time improving their risk management. As a result, improved liquidity and tighter spreads create better execution conditions for all market participants.
We ensure equal access to the microwave network for all trading participants at both regulatory and technical levels. Our experts are happy to provide further information on the Business Setup and Technical Setup.Contact Us
Shaping the Future of Trading
As the first exchange in the world to introduce fully electronic trading in 1996, the Swiss Stock Exchange has a history of taking a pioneering role in the development of electronic trading. We deploy breakthrough technology to shape the future of trading and to create the best possible trading conditions.
Growing the Network
The Swiss Stock Exchange intends to further grow the network and further democratize the low latency access to exchanges in a fair and equal manner. We are looking to expand our European footprint and offer the services to additional exchanges and market participants. And we will continue improving routes and selecting the best available technology to achieve market leading low latencies and highest availability.
Combining Industry-Leading Expertise
In December 2017, the Swiss Stock Exchange first announced its joint venture with 12Horizons Pte Ltd, to create 12H AG (“12H”) to provide low-latency access for Swiss securities trading via microwave technology. With the launch of 12H in May 2018, SIX became the first exchange operator worldwide to own and operate an international microwave network in Europe. Having taken a majority stake in 12H in early 2020, SIX now owns and operates the largest microwave network in Europe.
The route between London and Stockholm is operated through a partnership between SIX and Nasdaq via the jointly owned Swedish company RF Nordic Express AB (“RFNE”). SIX is invested in RFNE through 12H.
Nasdaq and the Swiss Stock Exchange have been technology partners since 2005 and leverage Nasdaq’s trading technology for all markets, including equities, ETFs, structured products, funds and fixed income, as well as Nasdaq Market Surveillance and Nasdaq Pre-Trade Risk Management.
100% Swiss Quality Trading
Where quality comes as standard: trade on the Swiss Stock Exchange and enjoy the outstanding liquidity and order-book quality of the reference market for Swiss Blue Chips.
Voice of FinTech
A recently recorded podcast by Voice of FinTech is mapping out the Swiss and global fintech ecosystem and focusing on pan-European connectivity through microwave networks. Gregor Braun, Head Sales Switzerland & Europe for Equities and ETFs at SIX, and Reinier Boeschoten, Board Member at 12H, together with Henrik Husman, President Nasdaq Helsinki, VP, Head of European Cash Equities Nasdaq, talk about the strategic rationale for SIX acquiring majority stake in 12H earlier this year as well as the benefits of a three-way partnership between SIX, Nasdaq and 12H for its partners and customers.
Unsere Local Support Center in Zürich, Genf und London sind die Anlaufstelle in allen technischen Belangen.