SIX Broadens Reach with ETF QOD Europe Launch

<p>SIX
Swiss Exchange, a firm in the ETF industry for over two decades, has introduced
ETF QOD Europe to provide a comprehensive trading experience. This new service
allows users to trade instruments from various European markets, including the
London Stock Exchange, Euronext Amsterdam, Euronext Brussels, Euronext Paris,
Deutsche Börse XETRA, Borsa Italiana, Wiener Börse AG, or Nasdaq Stockholm AB. </p><p>Cross-EU
Trading with ETF QOD Europe</p><p>ETF
QOD Europe positions SIX as a regulated exchange operator, offering access to
approximately 6,000 ETFs and ETPs on its on-exchange Request for Quote (RFQ)
platform.</p><p>The
platform aims to enhance liquidity, provide better prices, and offer more
listings, with over 95% of trades executing at the European Best Bid Offer or
better. According to the firm, this development aligns with SIX Swiss
Exchange's commitment to innovation, efficiency, and best execution in ETF
trading. ETF QOD Europe also facilitates efficient cross-EU trading,
accelerates transaction processing through automation, and lowers execution
fees.</p><p>Christian
Reuss, Head of SIX Swiss Exchange, stated: "SIX Swiss Exchange has been a
trailblazer in the ETF industry for over 20 years. The launch of ETF QOD Europe
reaffirms our commitment to innovation, providing a unique, cross-<a href="https://www.financemagnates.com/tag/market/">market</a> trading
experience for our users. We believe this groundbreaking service will set a new
standard in the European ETF landscape.” </p><p>“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."</p><p>Addressing
Demand: Diverse Execution Mechanisms in Focus</p><p>In
collaboration with internal CCP SIX x-clear, Cboe Clear Europe, and LCH Ltd,
ETF QOD Europe ensures on-exchange straight-through processing, CCP clearing,
and settlement into various European central securities depositories. This
interoperable approach eliminates counterparty risk, enhances settlement
efficiency, and optimizes costs for trading participants.</p><p>The
service addresses the demand for diverse execution mechanisms, offering high
liquidity, execution quality, and pricing. Laura Bayley, Head of <a href="https://www.financemagnates.com/tag/six-swiss-exchange/">SIX</a> x-clear,
and Vikesh Patel, President of Cboe Clear <a href="https://www.financemagnates.com/tag/europe/">Europe</a>, express their
support for this innovative service, highlighting its benefits for market
participants in terms of processes and reduced costs.</p>

This article was written by Tareq Sikder at www.financemagnates.com.