News - 10'000 orders in 1 blink - on the world's fastest exchange
As the first exchange to introduce X-stream INET, SIX Swiss Exchange offers participants the world's most
advanced trading technology for equities. In combination with its new co-location service, trading
on SIX Swiss Exchange is now almost 22-times faster than before, as average roundtrip latency is reduced
to only 37 microseconds. Christian Katz, CEO SIX Swiss Exchange, comments: "Besides faster
execution and higher order volumes, participants also enjoy quicker adjustment of their investment
decisions. This results in much more efficient risk management which benefits trading participants
and end investors alike."
37 microseconds for all market participants
To allow participants to benefit fully from the outstanding performance of the X-stream INET trading
technology developed by Nasdaq OMX, SIX Swiss Exchange
offers a new co-location service in partnership with
Equinix. "Participants from around
the world have equal access to the Equinix data center in Zurich and can install their technical
equipment next to the SWXess trading engine. This enables them to all enjoy the same superior
latency and capacity regardless of their geographical location", adds Chris Landis,
Head Operations SIX Swiss Exchange.
Along with X-stream INET and co-location, SIX Swiss Exchange introduces the standardized low-latency
interfaces for trading (OUCH) and market data dissemination (ITCH). Market makers in ETFs,
ETPs or Structured Products can now identify price movements in underlyings more quickly and
execute corresponding investment and market-making decisions more effectively.
Investing in future growth
A prerequisite for the launch of X-stream INET had been the
separation of the trading platform for order
and quote driven securities in October 2011. In the future, this will allow SIX Swiss Exchange to extend the
benefits of X-stream INET to its other attractive trading segments such as ETFs, Bonds and Derivatives,
in order to attract more volume and liquidity in Swiss securities and strengthen its position as their
Our website provides more information on X-stream INET and co-location. For an overview of their combined advantages,
please consult our factsheet on
High-performance Trading[pdf]. Information about the latency calculation is available in the
Performance Measurement Details[pdf]. Participants who want to take advantage of co-location can
benefit from our fee holiday until 31 July 2012.
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