Following the removal of Swiss equivalence in the European Union in July last year, Hayley McDowell examines the fallout of the political development and finds buy-side traders are benefitting from the substantial shift in market structure.
Citadel Securities’ Irish subsidiary is the fourth firm to commence trading on SIX Swiss Exchange so far this year.
Liquidnet Europe has become the second new trading participant to join SIX Swiss Exchange in 2019.
SIX Swiss Exchange has added Barclays Bank Ireland as its first new trading member in 2019.
SIX Swiss Exchange decommissioned its SLS dark pool for block liquidity launched in partnership with Liquidnet on 15 October.
Service launched by SIX Swiss Exchange and Liquidnet provide block liquidity for institutions.
SIX Swiss Exchange remote members will use TRADEcho for data monitoring and reporting.