SWX Swiss Exchange is launching proximity services to members of SWX Swiss Exchange and SWX Europe, its London-based recognised investment exchange, using the services of Colt, a communications and networking provider.
The new service will enable member firms to locate their order management systems as close as possible to SWX’s central matching engine, thus supporting trading across the exchange’s product offerings with minimal latency delay.
Colt has customised its Zurich data centre to house an access point into the SWX Swiss Exchange over a direct fibre connection to the bourse. Financial institutions trading on SWX can house their systems in the same location and cross-connect directly into the switch, thus “offering the fastest possible connection”, said Colt.
Chris Landis, head of IT at SWX Swiss Exchange, said in a statement, "With proximity hosting we can offer a level playing field for international firms trading the Swiss markets. Using Colt's reliable presence and expertise in the financial services sector, we are able to ensure current and potential customers service excellence across our product portfolio."