SWI SIX Revised Issuer, Trading Rules

Published on: Apr 9, 2025

On Apr. 7, SWI SIX announced upgrade to SWXess trading platform.

  • SWI SIX announced introduction of mandatory upgrade to its SWXess trading platform with the SWXess Maintenance Release 15 (SMR15) on May 12, 2025, necessitating issuance of updated Reporting Office Rules, Directives, and Trading Rules.
  • SMR15
  • SMR15 improves its Quote on Demand (QOD) trading services, implements additional validations for Retail Orders and, in addition, introduces a change in the performance score criteria for liquidity providers with indicative SwissAtMid Block Orders.
  • Confidentiality provisions adjusted, reduced complexity in trader examination handling.
  • Amendments
  • With introduction of SMR15, both the Issuer Rules and Trading Rules will be adjusted.
  • These are: Listing Rules; Additional Rules Bonds; Additional Rules Derivatives; Reporting Rules; Directive 1: Admission of Participants; Directive 3: Trading; Directive 5: Alternative Trading; «Trading Parameters» Guideline; Trading Rules List of Charges.
  • Effectiveness
  • The provisions will enter into force on May 12, 2025.
Regulators
SWI SIX
Entity Types
B/D; Bank; Exch; HF; IA; Inv Co
Reference
Com 1/2025, 4/7/2025
Functions
Compliance; Financial; Legal; Operations; Reporting; Trade Reporting; Trading
Countries
Switzerland
Category
State
N/A
Products
Banking; Derivatives; Equity; Fund Mgt; Securities
Rule Type
Final
Regions
EMEA
Rule Date
Apr 7, 2025
Effective Date
May 12, 2025
Rule ID
249846
Linked to
N/A
Reg. Last Update
Apr 7, 2025
Report Section
EU