Nasdaq and SIX Swiss Exchange Extend their Current Technology Contract
- Trading Systems
- 31.10.2016 09:00 am
Nasdaq and SIX Swiss Exchange announced the extension of their current technology contract, which includes X-stream INET Trading technology for all SIX markets, including equities, ETFs, structured products, funds and fixed income, as well as SMARTS Market Surveillance and Nasdaq Pre-Trade Risk Management. In addition, the new SIX Swiss Exchange At Midpoint (SwissAtMid) dark pool was launched on Nasdaq trading and surveillance technology earlier this month. The two companies have been partners for more than 10 years.
“We are delighted to extend our successful technology relationship with Nasdaq,” said Christoph Landis, Division CEO, SIX Swiss Exchange. “Our broadly diversified international client base benefits from the multifunctional and high-performance trading platform as well as from the surveillance and control instruments. The cutting edge X-stream INET Trading technology allows to implement investment decisions in a stable, secure and reliable trading environment and therefore supports us in serving our clients.”
“We are proud to grow and expand our long-term relationship with SIX,” said Lars Ottersgård, Executive Vice President and Head of Market Technology, Nasdaq. “SIX is one of the leading exchanges in the world who consistently strives to bolster reliability, latency and capacity performance across their markets. It’s an honor to support them in their ongoing technological and innovative endeavors.”
Nasdaq’s exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 100 marketplaces across the Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.