SIX Swiss Exchange has enhanced the performance of its SWXess trading platform, offering its members faster speeds and greater capacity.
The new version of the platform, which went live on 13 December, shortens the time between two order entries, thereby facilitating higher transaction rates. The exchange has also optimised the delivery of trade confirmations, which it claims will reduce the burden on data lines.
The new platform will increase data throughput and offer a latency of less than one millisecond.
SWXess was first introduced in February 2009, and was designed the meet the needs of electronic and algorithmic traders.
According to the exchange, the upgrade to its platform is part of a series of measures that are designed to enhance its competitiveness following an expansion of its proximity hosting services, an increased number of trading interfaces and faster data transfer capabilities.
SIX Swiss Exchange also plans to reduce the transaction charges for small- and mid-cap stocks in January next year.