The system upgrade is expected to enable the exchange to execute trades across all asset classes in less than 100 microseconds, which is scheduled to be in effect in first quarter of the 2012.
Nasdaq OMX Market Technology senior vice president Lars Ottersgard said SIX Swiss Exchange will be the first exchange to implement X-stream INET, a system that utilizes the advanced functionality of the proven X-stream platform in combination with INET, the world’s fastest trading technology in production with sub-100 microsecond latency.
Nasdaq OMX has been the technology partner of SIX Swiss Exchange since 2005.
