SIX to leverage Nasdaq’s trading, market surveillance and pre-trade risk management technologies
SIX dark pool in development to be powered and surveilled by Nasdaq technology
NEW YORK and ZURICH, Switzerland, Oct 31 (Bernama-GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) and SIX Swiss Exchange today 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.”
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