Today, the Swiss exchange launches two new orders: the totally unique "Limit Plus" and the enhanced Iceberg order, "Iceberg Plus". Both provide our participants with even more flexibility and efficiency to trade successfully in today's market. Their introduction underlines the commitment of SIX to cater to the needs of its clients and to broaden its Exchange Services portfolio, as well as to increase the liquidity and quality of the home market for Swiss securities.
Use "Plus", get more
Both new "Plus" orders allow participants to simultaneously access the lit book and SwissAtMid, the non-displayed liquidity pool of the Swiss exchange. This dual representation offers the chance of capturing liquidity at the mid-point and of finding a match - without costing extra time or money.
Both new "Plus" orders also enable participants to automatically follow the best price. Their dynamic price alignment functionality allows an order to float at the best bid or offer up to and including the overall limit price of the order - a valuable feature in markets that started to move faster following the tick size harmonization earlier this year.
More information about these and further benefits as well as details about the functionalities of the new "Plus" orders are available on our website and in our factsheet. Their introduction is part of the SWXess Maintenance Release 7.1 (SMR 7.1).