SIX Swiss Exchange, a prominent player in the ETF industry for over twenty years, has launched a groundbreaking initiative known as ETF QOD Europe.
This innovative service is poised to revolutionize the trading experience for users by enabling them to trade a wide array of financial instruments from various European markets.
Notably, these markets include the London Stock Exchange, Euronext Amsterdam, Euronext Brussels, Euronext Paris, Deutsche Börse XETRA, Borsa Italiana, Wiener Börse AG, and Nasdaq Stockholm AB.
The introduction of ETF QOD Europe solidifies SIX’s position as a regulated exchange operator, granting access to approximately 6,000 ETFs and ETPs through its on-exchange Request for Quote (RFQ) platform.
The primary objectives of this platform are to bolster liquidity, offer more competitive prices, and increase the availability of listed products.
Impressively, over 95% of trades on the platform execute at the European Best Bid Offer or better, showcasing its commitment to superior execution.
Christian Reuss, the Head of SIX Swiss Exchange, emphasized the company’s long-standing commitment to innovation and efficiency in ETF trading.
He stated, “SIX Swiss Exchange has been a trailblazer in the ETF industry for over 20 years.
The launch of ETF QOD Europe reaffirms our commitment to innovation, providing a unique, cross-market trading experience for our users.
We believe this groundbreaking service will set a new standard in the European ETF landscape.”
Moreover, ETF QOD Europe caters to the evolving needs of market participants by offering diverse execution mechanisms.
Collaborating with internal CCP SIX x-clear, Cboe Clear Europe, and LCH Ltd, the platform ensures on-exchange straight-through processing, CCP clearing, and settlement into various European central securities depositories.
This interoperable approach effectively mitigates counterparty risk, enhances settlement efficiency, and optimizes trading costs.
Laura Bayley, the Head of SIX x-clear, and Vikesh Patel, the President of Cboe Clear Europe, expressed their support for ETF QOD Europe, emphasizing its advantages in terms of streamlining processes and reducing costs for market participants.
This service responds to the demand for innovative execution mechanisms, delivering high liquidity, superior execution quality, and competitive pricing.
In conclusion, SIX Swiss Exchange’s ETF QOD Europe is poised to revolutionize ETF trading in Europe.
By providing access to a diverse range of markets and offering efficient execution mechanisms, it stands as a testament to the company’s commitment to innovation and excellence in the financial industry.