On 23 April 2012, SIX Swiss Exchange introduced X-stream INET, the world's most advanced trading technology for equities. After the successful launch, the SWXess trading platform has now been running smoothly for a 100 days and the announced average roundtrip latency of just 37 microseconds has been confirmed under production load.
Rolf Broekhuizen, Head Business & Market Development, adds: "Our measurements on production have shown that even two thirds of all transactions are executed in less than 37 microseconds, making SIX Swiss Exchange the world's fastest exchange". For information about the latency calculation please consult the Performance Measurement Details[pdf].
State-of-the-art trading technology
SIX Swiss Exchange is the first exchange in the world to implement X-stream INET by Nasdaq OMX. To achieve such outstanding latency figures, SIX Swiss Exchange also introduced a co-location service and standardized low-latency interfaces for trading (OUCH) and market data dissemination (ITCH). In the future, SIX Swiss Exchange will extend the benefits of X-stream INET to its other attractive trading segments.