The Block orders are introduced as part of today's SWXess Maintenance Release “SMR10”. The release also features enhancements to the Quote on Demand service, increasing the attractiveness of the Swiss stock exchange as a leading ETF and ETP listing and trading destination in Europe.
Enabling Further Growth in ETF and ETP Trading
Dimitris Mavroudis, ETF/ETP & Fund Product Manager at SIX Swiss Exchange, comments: “With the extension of Quote on Demand to the trading interface OTI and the introduction of ‘Delayed Publication’ for large trades we have taken important measures for the further growth of our ETF and ETP segments.”
Quote on Demand serves as additional pool of liquidity in ETF and ETP trading, enabling our trading participants to improve their execution quality whilst benefiting from on-exchange clearing and settlement efficiencies.
Our website provides more information on Block orders and Quote on Demand. Further details are available in the SMR10 Release Guide.