Trading System

The trading system of the SIX Swiss Exchange, originally launched as EBS System, was renamed "SWX Platform" for legal reasons.

With the SWX Platform, SIX Swiss Exchange offers a fully automated trading platform on which supply and demand determine the prices of the financial instruments.

The SIX Swiss Exchange thereby performs an important national economic task; which it can better fulfil the more liquidity it attracts. Network effects and economies of scale play a key role. The importance of network effects tends to focus trading on specific securities and segments. The technical and regulatory frameworks are of primary importance in this regard.

Right from the start, the SWX Platform was developed as a fully integrated trading system with direct STP links into the clearing and settlement system: when a trade is executed, the relevant settlement instructions are forwarded straight through to the CSD as a "locked in" trade.