This week, SIX launched its new international microwave-based trading connections in Europe. The Swiss exchange offers the service through its new Zurich-based joint-venture 12H AG (“12H”) with the shareholders of the microwave solutions provider 12Horizons Pte Ltd. Microwave technology allows trade data for all securities listed at SIX to be transmitted more than twice as fast as connections based on commonly used fiber optic technology. SIX is the first exchange worldwide to own and operate an international microwave network in Europe.
Thomas Zeeb, Head Securities & Exchanges, SIX, comments: “Introducing microwave technology represents a significant step towards creating the Exchange Services of the future and our strong commitment to provide customers with a single source for the best low latency services from and to Zurich. We are the operator of Switzerland’s combined exchange and post-trade infrastructure and the new service demonstrates our strategy to redefine how breakthrough technology is deployed in the trade and post-trade areas.”
Reinier Fliehe Boeschoten, Managing Director of 12H comments: “We share the vision of SIX to create the stock exchange of the future. In combining the assets of both companies, we create numerous opportunities and potential, including, innovation on a business and a technological level. We are excited by the possibilities that this transaction creates and very much look forward towards a successful future together.”