Source: SWX Swiss Exchange
virt-x, the London-based securities exchange and subsidiary of SWX Group, is to change its name following the merger of SWX Group, SIS Group and Telekurs Group in 2008.
Effective 3 March 2008 virt-x Exchange Limited will change its legal name to SWX Europe Limited.
In keeping with the core values of the merged Swiss Financial Market Services AG, the name change reflects the commitment of the new enterprise to promoting SWX Swiss Exchange and SWX Europe as pre-eminent liquidity venues for Swiss securities trading.
Lee Hodgkinson, CEO virt-x, commented: "We are committed to providing the most liquid venue for Swiss blue-chip trading from our base in London. The new SWX Europe brand clarifies our identity and underpins our competitive positioning, as we continue to deliver our strategy to revitalise trading services in a MiFID environment."