SIX SWISS EXCHANGE COMPLETES SWXESS PLATFORM WITH NASDAQ ENGINE AND NYSE DATA SERVICE

 

Posted April 24, 2009

 

LONDON and STOCKHOLM – The SIX Swiss Exchange (SIX) has chosen a data delivery solution from NYSE Technologies and completed its migration to a trading platform based on Nasdaq OMX market technology, called SWXess, begun in February.

 

SIX plans to use the Exchange Data Publisher (XDP) data delivery suite, developed after two years of collaboration between SIX and the NYSE Technologies’ Exchange Solutions Division. The suite offers high-speed market data technology that provides a robust, scalable and flexible solution.

 

“Continuing to find ways to improve our services and extend our capabilities is of paramount importance to SIX,” says Chris Landis, Head of the Information Technology Division at SIX. “Working with NYSE Technologies to implement the Exchange Data Publisher (XDP) allows us to move forward with the confidence that our market data infrastructure can process rapidly growing market volumes while maintaining extraordinarily low latency.”

 

SIX is using XDP to provide the Market Data Service module for the SWXess platform. XDP will acquire market data from SIX’s internal systems, normalize and group it, then quickly and reliably distribute it to SIX members.

 

“In today’s increasingly competitive exchange industry, high-end technology is a key differentiator in order to continue to grow volumes and introduce new and innovative products,” says Christoph Bigger, Chief Executive Officer of SIX Swiss Exchange. “Nasdaq OMX provides the core of our new system, which will bring significant performance benefits to our customers and also reinforces our commitment towards being an exchange in the technology forefront.”

 

The SWXess platform enables trading of all SIX Swiss Exchange products, including equities, fixed-income, exchange-traded funds and securitized derivatives, on a single platform.

 

   
     

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