The Swiss Stock Exchange recently celebrated its 20th ETF anniversary: It was one of the first European exchanges to introduce an ETF segment in 2000. Since then, the trading platform has been refined, trading modalities enhanced and its product range continually expanded. These innovations have led to the Swiss Stock Exchange becoming one of Europe’s three leading ETF trading venues.

Today marks another milestone: The launch of Quote on Demand (QOD), a new order book for trading ETFs and ETPs. The service offers institutional investors the opportunity to settle orders in a bidding process directly with the most important registered liquidity providers in Europe. QOD allows settlement via a central counterparty and offers trading, clearing and settlement with fully automated straight-through processing. Thanks to the option to interact with the existing order book, QOD provides access to additional liquidity, which should be reflected in the form of execution improvements. Trades in QOD are published immediately after execution, which further strengthens post-trade transparency. Additionally, trade execution reports will be made available on the business day following the execution.

In the past, ETFs were increasingly traded over-the-counter. With this addition to the existing order book, QOD offers investors an attractive opportunity to trade ETFs in a bidding process on the Swiss Stock Exchange. The combination of the existing "Quote Driven Market" order book with QOD provides investors with additional liquidity on the SIX trading venues. Another new feature is that, thanks to automatic execution, large orders can now easily be processed in a fully automated way via the trading platform.

With the launch of this new service, the Swiss Stock Exchange is raising the profile of ETF trading and underlining why SIX is the central hub and ideal listing place for ETFs.

You can find all the information about the new service on the QoD product page. Here, you can read all about the 20-year history of ETFs on the Swiss Stock Exchange. The latest figures relating to the growth of the ETF segment can be found in the market report. More information for investors can be found on our website and in our publications.