Microwave Technology

SIX Swiss Exchange is the first regulated exchange in Europe to own and operate an international microwave network. Equal access to the microwave network is ensured for all trading participants at both regulatory and technical levels, in line with Switzerland's legal framework.

The ultra-low latency microwave network of SIX enables trading participants of the Swiss stock exchange – such as market makers and liquidity providers in the equities and ETF space – to execute their trading strategies faster while at the same time improving their risk management. As a result, improved liquidity and tighter spreads create better execution conditions for all market participants.

As the first exchange in the world to introduce fully electronic trading in 1996, SIX Swiss Exchange has a history of taking a pioneering role in the development of electronic trading. We deploy breakthrough technology to shape the future of trading and to create the best possible trading conditions.

SIX Swiss Exchange intends to further grow its unique microwave network and further democratize the low latency access to exchanges in a fair and equal manner. We are looking to expand our European footprint and offer the services to additional exchanges and market participants. And we will continue improving routes and selecting the best available technology to achieve market leading low latencies and highest availability.

In December 2017, SIX Swiss Exchange first announced its joint venture with 12Horizons Pte Ltd, to create 12H AG (“12H”) to provide low-latency access for Swiss securities trading via microwave technology. With the launch of 12H in May 2018, SIX became the first exchange operator worldwide to own and operate an international microwave network in Europe. Having taken a majority stake in 12H in early 2020, SIX now owns and operates the largest microwave network in Europe.

Our Local Support Centers in Zurich, Geneva and London are happy to answer any technical questions.