As of today, SLS supports trading in both Italian and Norwegian equities. This extension adds over 400 shares
to the universe of tradable instruments, and brings the total number of markets supported by SLS to 13. Equities
from the new markets Italy and Norway can be traded with all of the benefits of the other SLS markets Switzerland,
UK, France, Germany, Belgium, the Netherlands, Finland, Sweden, Denmark, Portugal and Austria:
Fabrice Casanova (Head of electronic market solutions, Pictet Global Markets), comments: "After having
connected to SLS in July 2016, we and our clients are very happy with the service so far. That's why we welcome
this market extension and the additional opportunities it provides." Headquartered in Geneva, Pictet
ranks among Switzerland's leading private banks.
- Largest average trade size of any exchange run block trading pool in Europe
- Full CCP clearing and settlement
- Through the partnership with Liquidnet, access to a unique and differentiated liquidity pool
Rob Cranston, Head Equity Products SIX Swiss Exchange, commented: "Best execution and price improvements
for our clients are on the top of our agenda. By expanding our offering for non-displayed trading, we are reacting
to growing demand and laying the tracks for future growth opportunities."
Responding to client needs
The SLS market extension underlines the efforts of SIX Swiss Exchange to provide its participants with more options
to satisfy their growing need for non-displayed trading. In 2016, SLS has seen rising volumes and additional members
have connected to the service, such as Societe Generale,
Kepler Cheuvreux and
Furthermore, the exchange has launched SIX Swiss Exchange At Midpoint (SwissAtMid), which is operated in parallel to SLS, in October 2016.
SwissAtMid offers an innovative new way to trade Swiss equities, allowing executions in a non-displayed pool at the
mid-point of our lit order book. And the new Sweep order type looks for an execution in SwissAtMid before routing
to the lit order book - all in one cycle.
Our website provides more information on Trading without pre-trade transparency and the benefits of
becoming a participant on SIX Swiss Exchange.
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