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SIX SWISS EXCHANGE COMPLETES CONSOLIDATION OF MARKETS
Posted May 4, 2009
ZURICH – The SIX Swiss Exchange Ltd. has migrated trading of blue chip
shares previously conduced in London through SWX Europe Ltd. to its
trading venue in Zurich.
The migration completes a plan by SIX Swiss Exchange announced in
November 2008 to consolidate trading of all Swiss equities under its
overall umbrella. The blue chips previously traded on SWX Europe in
London will constitute the newly created “Swiss Blue Chip Segment” of
the SIX Swiss Exchange.
The consolidation will reduce trading costs, according to the exchange, and increase the strength of its position among competing securities exchanges. The restructuring will afford trading participants administrative and technical advantages, and issuers will benefit from a reduction of complexity.
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