As of today, the unique SIX Swiss Exchange Liquidnet Service offers trading participants access to more than twice as many markets as before.
With the internationalisation of SLS, six new markets have been added: Austria, Belgium, Denmark, Finland, Portugal and Sweden. Clients of SLS can now trade in eleven markets with over 4'200 equities from the bluechip, small and mid-cap segments. Previously, SLS already provided access to all shares listed on SIX Swiss Exchange as well as those from Germany, France, the Netherlands and the UK.
With the market extension of SLS, SIX Swiss Exchange is creating a stronger link between its members and the globally active investor community and offers them access to institutional liquidity that is not exposed to any other trading venue. John White, Head Equity Product Management SIX Swiss Exchange, explains: "An increasing number of our clients are adding SLS to their execution strategies. Their clients, in turn, value the material difference which SLS can make to the implementation cost of their trades."
Numerous advantages for clients
Trades via the non-displayed liquidity pool SLS offer significant price improvements, because they are based on the mid-price of the real-time bid/ask spread of the relevant primary exchange. Clients also benefit from no market impact, while higher average execution sizes considerably reduce operational costs. Clients can use SLS via the existing infrastructure.
Between the launch of SLS in July 2011 and the end of May 2012, total turnover was EUR 1'282 million. The average daily liquidity of all SLS markets in the first half of 2012 stood at CHF 10.74 billion. Our website provides detailed information and further publications related to SLS.