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SIX extends tech contract with Nasdaq

First Published 31st October 2016

SIX Swiss Exchange 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.

Christoph Landis, SIX Swiss Exchange

Christoph Landis, SIX Swiss Exchange

Nasdaq and SIX Swiss Exchange have 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.

Christoph Landis, Division CEO, SIX Swiss Exchange said: "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."