Switzerland is home to an attractive share universe of over 250 companies, including three of the five biggest in Europe. To make trading in these shares more attractive, SIX Swiss Exchange never ceases to innovate and introduce new services. A prime example is SwissAtMid: introduced five years ago, the Swiss stock exchange’s own non-displayed pool has established itself as the main source of block liquidity in Swiss shares and delivered over CHF100 million in price improvement value to market participants.
Since February 2021, Swiss EBBO improves access to best price and depth of liquidity in a fragmented and highly competitive environment. It is operated via an additional order book to the lit Central Limit Order Book (CLOB) and the non-displayed liquidity pool SwissAtMid.
Navigate Fragmented Markets
To enable its participants to identify – and evidence this to their clients – the venue of choice to achieve best execution in an increasingly fragmented trading landscape, SIX Swiss Exchange provides them with comprehensive tailor-made reports. Created in partnership with BMLL, the customised analytics for Swiss EBBO combine anonymised participant specific orderbook data from the Swiss stock exchange with BMLL’s harmonised Level 3 Data.
To learn more about the content and the benefits of these reports, watch the discussion between Doctor Elliot Banks, Chief Product Officer at BMLL, and Marc Berthoud, Head Exchange Data Strategy in the Business Unit Exchanges at SIX.