ETF QOD Europe

ETF QOD Europe

Pan-European On-Exchange RFQ ETF Trading

ETF QOD Europe – The Direct Path to the European ETF Universe

ETF Quote on Demand (QOD) Europe, a novel service from SIX Swiss Exchange, offers trading participants on-exchange RFQ trading for ETFs across Europe. They access over 1,700 Swiss-listed ETFs as well as a wide range of products listed on other European primary markets: over 6,000 ETFs and ETPs are now available through one single interface. 

The launch of ETF QOD Europe underscores SIX Swiss Exchange's dedication to offering a comprehensive one-stop-shop experience. This innovative service allows users to trade instruments across major European markets, including the London Stock Exchange, Euronext, Deutsche Börse XETRA, Borsa Italiana, Wiener Börse, and Nasdaq Stockholm. As a result, SIX Swiss Exchange solidifies its position as a leading primary regulated exchange operator, with approximately 6,000 ETFs and ETPs available for trading on its novel RFQ platform ETF QOD Europe.

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    Experience the advantages of ETF QOD Europe by SIX Swiss Exchange'. Contact us today and discover how our novel RFQ functionality can enhance your ETF trading experience across Europe!

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Benefits

6,000+ ETFs

Large instrument universe of over 6,000 ETFs accessible: access to a diverse range of ETF instruments listed across leading European primary exchanges, available in 11 trading currencies.

Improved execution quality and lower trading costs

Amid rising costs – together with regulations tackling best execution – ETF QOD Europe optimizes trade execution.

Straight-Through-Post-Trade-Processing

The use of interoperable CCPs (e.g. SIX x-clear, Cboe Clear Europe and LCH Ltd) and settlement into domestic CSDs or iCSD streamlines all post-trade processes, thereby driving down costs.

Factsheet

Read about the benefits of the ETF QOD Europe RFQ trading functionality in the factsheet.

Download Here

How it works

Following graph explains the how trading participants can interact with ETF QOD Europe in four simple steps:

  1. Initiate the process by sending a Named Quote Request to QOD, marking the start of the QOD call period.
  2. Engage Liquidity Providers, who receive the Quote Request and respond with firm, two-sided quotes that match the full size of the request.
  3. Execute the trade at the end of the call period, fully meeting the request conditions and securing the best price in a single fill.
  4. Settle the trade through the interoperable CCP model, completing the process via SFTP into the local CSD or iCSD as defined by the reference exchange.

ETF Trading at SIX Swiss Exchange

Big Numbers

6000+ 6000+
Tradable ETFs
(Q2 2024)
18.4 bn 18.4 bn
Swiss Franc trading turnover in ETFs
(Q2 2024)
582,735 582,735
ETF trading transactions
(Q2 2024)
24 24
Years of pioneering experience and dedication

Full Spectrum ETFs

  • The 3rd largest trading venue in Europe, offering listing services to 27 issuers.
  • A leading request for quote (RFQ) platform, delivering an average price improvement of 5.5 bps on exchange RFQs.
  • A creation and redemption platform, linking primary market participants and asset managers with impeccable connectivity.
  • Unrivalled data aggregation and real-time pricing.
  • 3 million indices administered by ULTUMUS.
  • A major European CCP for ETF clearing.
  • Settlement and custody capabilities.

Discover more about the Full Spectrum of ETFs by SIX here.

Resources

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ETF Market Report

Subscribe and receive detailed statistics about the development of the SIX ETF segment in a macroeconomical context.

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Listing ETFs

We support you in launching innovative products and guide you through our efficient listing process.

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Trading ETFs

We consult you in finding the most suitable trading service configuration based on your business needs.

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