Since 2009, SIX Swiss Exchange participants have benefited from the advantages of the fully integrated
trading platform SWXess. The platform enables faster exchange trading processes thanks to high
execution speeds and low latency. The Swiss Exchange therefore places the focus on high-frequency
algorithmic trading and direct electronic access (DEA).
What principles is SIX Swiss Exchange trading based on?
Trading on SIX Swiss Exchange is based on four principles to ensure fairness, transparency and efficiency:
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Central, order-driven marketplace:
SIX Swiss Exchange executes all orders through a single, central order book. Execution of the orders is on a
price/time priority basis.
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Market transparency:
SIX Swiss Exchange publishes all market-related information to ensure that all securities trading processes are
transparent.
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Market liquidity:
So that trading remains liquid and the market can keep moving, participants are subject to a relative
duty to trade on the Exchange. Details regarding this duty are set out in
Section 4.5 Rule Book and in
Directive 3: Trading.
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Equal treatment of all participants:
SIX Swiss Exchange ensures in terms of order entry or the dissemination of information to the same conditions.
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