SIX Swiss Exchange launches ETF QOD Europe to improve trading experience

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SIX Swiss Exchange, a firm that has spent more than two decades in the ETF industry, recently launched ETF QOD Europe. The firm said that the new product will provide a more comprehensive trading experience.

According to reports, the new service will allow users to trade instruments coming from multiple European markets, such as Euronext Brussels, the London Stock Exchange, Euronext Paris, Euronext Amsterdam, Borsa Italiana, Deutsche Borse XETRA, Nasdaq Stockholm AB, and Wiener Borse AG.

The company, positioned as a regulated operator, already hosts around 6,000 ETFs and ETPs on its platform. The platform itself aims to increase liquidity, offer more listings, and provide better prices. Right now, more than 95% of trades are estimated to be executing at the European Best Bid Offer or better.

Benefits of ETF QOD Europe

The firm claims that the new development aligns with its commitment to efficiency, innovation, and best execution in ETF trading. Furthermore, ETF QOD Europe also facilitates more efficient cross-EU trading, thus speeding up transaction processing by way of automation. On top of all that, it also improves the experience by lowering execution fees.

The head of the SIX Swiss Exchange, Christian Reuss, commented on the company’s new move by saying that the SIX Swiss Exchange acted as a trailblazer in the ETF industry for over 20 years now. With the launch of ETF QOD Europe, the firm was able to reaffirm its commitment to innovation and provide a unique, cross-market trading experience for the users.

He also added that the company believes that this is a groundbreaking service that will establish a new standard in the European ETF sector.

“ETF QOD Europe not only expands the variety of ETF products available but also addresses the need for a greater variety of execution mechanisms to satisfy best execution in ETF trading. The service offers a high level of liquidity, execution quality, and pricing, making it a game-changer for both traders and asset managers,” he explained.

ETF QOD Europe will also be able to ensure on-exchange straight-through processing, settlements, and CCP clearing, all in collaboration with internal Cboe Clear Europe, LCH Ltd., and CCP SIX x-clear. The resulting interoperable approach can eliminate counterparty risks, as while at the same time, enhancing the efficiency of settlements and optimizing the costs for traders.

Lastly, the service also addresses the rising demand when it comes to diverse execution mechanisms, execution quality, high liquidity, and better pricing. The head of SIX x-clear, Laura Bayley, as well as the President of Cboe Clear Europe, Vikesh Patel, were glad to express their support of the innovative service. They also highlighted the benefits for all market participants in terms of reduced osts and better processing.

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Ali is a professional journalist with experience in Web3 journalism and marketing. Ali holds a Master's degree in Finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of leading cryptocurrency publications including Capital.com, CryptoSlate, Securities.io, Invezz.com, Business2Community, BeinCrypto, and more.