SIX Swiss Exchange Details New Dark Pool
The platform runs on Nasdaq technology, as the two exchanges announced the renewal of their partnership.
On October 18, SIX Swiss Exchange launched its new dark pool, which allows users to get midpoint execution.
It has been added directly into the matching algorithm of the lit order book, allowing SIX to introduce and implement a sweep order.
Robert Cranston, head of equity product management at SIX Swiss Exchange, tells WatersTechnology that this sweep order allows users to look for midpoint execution on their way to the lit order book.
"It allows users to cross over between the two books and use
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