Liquidnet Joins SIX Swiss Exchange as Trading Member
According to a recent story in The Trade news, SIX Swiss Exchange has extended its list of trading members with the addition of institutional trading network Liquidnet. Liquidnet’s Europe subsidiary has become the second trading participant to join SIX Swiss Exchange so far this year, following Barclays Bank Ireland, which became the first new trading participant in March 2019. This move follows the European Union’s failed attempt at reaching a trading agreement with Switzerland after the country’s equivalence permit expired on June 30th this year. Swiss regulators moved to ban exchanges trading Swiss equities within the EU this weekend, with major UK trading venues ending trading in Swiss shares. Using its technology and infrastructure, Liquidnet will sit alongside 97 other participants trading on the exchange. SIX Swiss Exchange provides liquidity in Swiss equities via its lit order book, as well as its equities dark pool, SwissAtMid.