Look No Further
Introducing a supplemental liquidity book, Swiss EBBO improves access to best price and depth of liquidity in a fragmented and highly technical environment. It is operated in addition to the lit Central Limit Order Book (CLOB) and the non-displayed liquidity pool SwissAtMid.
The Swiss Stock Exchange is the reference market for over 250 Swiss shares, consistently offering the best prices and the narrowest spreads in combination with the largest volumes. We employ a third party to monitor the performance of our books, including Swiss EBBO, versus alternative liquidity pools.
Your Benefits on the Swiss Stock Exchange
Swiss EBBO introduces a supplemental liquidity book.
Improving access to best price and depth of liquidity.
Implemented directly using the same matching logic as the lit order book and SwissAtMid.
One for All
With a single order, participants can access the three liquidity pools CLOB, SwissAtMid and Swiss EBBO. The simultaneous execution across the three distinct order books maximizes the liquidity an order can interact with and ensures participants are always obtaining the best available price on SIX for their limit order.
This is only possible due to the unique implementation of Swiss EBBO and SwissAtMid directly in the same matching engine as the CLOB. It avoids any latency increase and the possibility of overfilling the order and reduces the risk and complexity associated with executing in multiple liquidity pools outside of the Swiss Stock Exchange.
Customised Analytics Supporting Best Execution
Swiss EBBO is a unique trading service that supports best execution in Swiss shares. Marc Berthoud, Head of Exchange Data Strategy at SIX, explains in a video interview how SIX Swiss Exchange partners with BMLL to provide trading participants and liquidity providers with unique insights on their execution performance.
Become a Liquidity Provider
Trading Participants interested in acting as Liquidity Providers for Swiss EBBO need a dedicated configuration of OTI users for providing liquidity directly in Swiss EBBO as well as IMI users to receive Swiss EBBO pre-trade information. Please submit the form Application for SWXess User Configuration to Member Services.