Swiss platform bids to attract more high-frequency flow

SIX Swiss Exchange has tweaked its trading platform to better support automated trading strategies by increasing capacity and reducing latency.
By None

SIX Swiss Exchange has tweaked its trading platform to better support automated trading strategies by increasing capacity and reducing latency.

According to the exchange, the capacity increase will primarily impact equities trading and is part of an ongoing drive to handle increasing levels of trading activity and demand for low-latency services.

The exchange has also extended the range of partners through which members can access its proximity hosting services to reduce trading latency. In addition to existing provider COLT, the exchange has signed deals with data centre providers Equinix and Interxion with the aim of making sub-millisecond capabilities available to SIX members by mid-July 2010.

In December 2009, SIX announced a series of fee adjustments designed to reward higher volumes.

SIX Swiss Exchange has seen its market share of Swiss blue-chip trading erode from 88.1% in May 2009 to 69.9% last month, according to data vendor Thomson Reuters.

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