Equiduct, a pan-European exchange of retailing, announced today the launch of its Swiss shares, providing retail brokers using APEX with access to 138 of the most wetter Swiss stocks-all the invoices in Swiss.
Recent titles include heavy trademark names such as Nestlé SA, Novartis AG, UBS Group AG and ABB Ltd.
The liquidity in the Swiss section of EQUIDUCT is supported by Apex Market Makers Virtu Financial, Hudson River Trading and Optiver. As with all EQUIDUCT executions, transactions in the Swiss department will benefit from fully interoperable clearance through the CCPs: LCH LTD, CBOE CLEAR and local Swiss CCP Six X-Clear.
This extension follows the official approval by the Swiss Financial Market Supervisory Authority (FINMA), which recognizes Börse Berlin and Equiduct as an adjustable market in accordance with Article 41 of the Finfrag. This regime also paves the way for Swiss banks and brokers to participate in EQUIDUCT as members of the immediate exchange, further enhancing the potential for better execution for Swiss retail brokers and benefit from the Swiss investment community.
To support the launch of the Swiss department and the development of Equiduct in the region, the responsibilities of Massimo Formichi Moglia, Head of Italy, have expanded to include Switzerland – ensuring continuity and utilizing regional synergies.
Wail Azizi, head of strategy at Equiduct, said:
“Our Swiss expansion, backed by the official recognition by Finma, marks an important milestone in Equiduct’s mission to provide the real Pan-European better execution for retail investors and enables us to add our customers with access to our customers with access to our customers.
With the launch of the Swiss market section, Equiduct now offers the best execution and consolidated market data on the market for over 1,873 stocks and ETFs in 13 European markets and 18 leaders.