News - Swiss Stock Exchange Shortlisted for Industry Award
At the end of September 2019, The TRADE has announced the shortlist for this years Editors Choice awards. SIX has been
nominated in two categories: with the Swiss Stock Exchange as the "Outstanding Equities Trading Venue"
and with SIX Digital Exchange (SDX) for the "Digital Initiative of the Year".
Order Book Quality and Best in Class Exchange Infrastructure
The nomination of the Swiss Stock Exchange recognizes the
strong performance in 2018 and its capacity to ensure efficient trading throughout 2019, despite the challenges
presented by the EUs decision to not extend equivalency, which resulted in unprecedented volume spikes and historically high
market share in blue chips compared with its peers. From 1 July 2019 the
adopted by the Swiss Federal Council to safeguard and strengthen a strong Swiss Capital Market became operational, and the
transition of EU trading volumes of Swiss equities has been conducted without disruption.
Despite these challenges, the Swiss Stock Exchanges innovative drive and customer focus remains unimpaired, as highlighted,
for example, by the introduction of the unique
"Plus" orders. They have
allowed clients to gain significant price improvements when trading Swiss shares while offering greater flexibility and
efficiency as well as increasing the liquidity and quality of the home market for Swiss securities.
Christian Reuss, Head Sales and Member of the Management Committee of Securities & Exchanges at SIX, commented:
"We are delighted to receive this nomination. The Swiss Stock Exchange embraces competition, and we concentrate
our efforts to accommodate market needs. We will continue to focus on our key strengths which have allowed us, over the
past years, to improve the quality of our order books, resulting in a strong market share and a growing attractiveness of
Driving Competitiveness Through Innovation
For the first time, this years awards include the category "Digital Initiative of the Year". SIX, the
operator of the Swiss Stock Exchange, has been nominated with SIX Digital Exchange (SDX). Announced in July 2018, SDX is
building the worlds first end-to-end platform for digital assets, where professionals can access, transfer and store value
while running firmly on trusted regulation. On 23 September 2019, SDX
launched a prototype
of its digital exchange and CSD.
Thomas Zeeb, Head Securities & Exchanges and Member of the Executive Board at SIX, said: "The launch of this
prototype is a major milestone in creating a credible digital infrastructure for moving our industry forward. We are now
one step closer to demonstrating the viability of our vision for the financial markets of the future and, ultimately, for
the way people and businesses access capital. SDX is a testament to the innovative nature of the Swiss Stock Exchange and
the foresight of its shareholders." At
SIX is providing insights into SDX and showcasing its activities in the realms of AI.
The winners in each category will be announced at the Leaders in Trading 2019 ceremony at Londons Savoy Hotel on 21 November.
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