Source: SIX Swiss Exchange
The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that SIX Swiss Exchange has extended its contract with NASDAQ OMX and will upgrade its existing SWXess equities trading platform with NASDAQ OMX's X-stream INET technology.
The system upgrade is scheduled to be in effect in the first quarter of 2012, and will enable significant latency and throughput advantages for SIX Swiss Exchange and its trading members in all asset classes.
Christian Katz, CEO at SIX Swiss Exchange: "Our upgrade to X-stream INET for the trading of all asset classes will be a global first. It allows us to leverage the most advanced trading technology in the world, provided by our technology partner NASDAQ OMX, into our unique market structure with minimal adjustments for our clients. We have always believed that a high-performance and multi-functional trading platform remains a key differentiator in order to attract new liquidity and through this upgrade to X-stream INET we are setting a new standard."
Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology: "SIX Swiss Exchange will be the first exchange to implement X-stream INET, asystem that utilizes the advanced functionality of our proven X-stream platform in combination with INET; the world's fastest trading technology in productionwith sub-100 microsecond latency.