The SIX Swiss exchange is pioneering microwave trading connectivity across Europe through a Zurich-based joint venture called 12H AG (12H) and including shareholders of microwave solutions provider 12Horizons. The microwave network connects Zurich to London, Frankfurt and Milan, as well as Milan to Frankfurt, and allows trade data for all securities listed at SIX to be transmitted more than twice as fast as over connections based on fibre optic technology.
Thomas Zeeb, head of securities and exchanges at SIX, says: “Introducing microwave technology represents a significant step towards creating exchange services of the future and our commitment to provide customers with a single source for the best low-latency services from and to Zurich.”
The microwave network service is designed to enable trading participants of the Swiss exchange to execute strategies faster and enhance risk management. It also improves liquidity and tightens spreads, which can result in better execution conditions for all stakeholders in the exchange, including trading participants and end investors. SIX will manage customer relationships on behalf of 12H.