Swiss Stock Exchange is working it way towards digital exchange

swiss exchange six to create digital platform

SIX, the main stock exchange in Switzerland has been planning to leverage digital ledger technology for its trading and stock exchange performance. The newly incepted digital exchange has been dubbed SDX. The bank has now announced that the SDX platform is a work in progress and is expected to be completed in the second half of the year 2019.

The group is looking to launch the platform at its earliest with the claim that despite the unsure date of the launch at the moment the platform would be taking advantage of the technology to ride on the tide towards that is the digital trading revolution.

The project’s lead man Thomas Zeeb has recently revealed to the local Swiss media that the platform is under progress and should be expected to launch in the fourth quarter of the year. He added that if there are unforeseen delays the launch could also go beyond the year 2019.

On the other hand, the company’s Group Chairman Romeo Lacher expressed at the Worlds of Exchange Conference that the platform is on its course and would be launching as per schedule.

The exchange has chosen distributed ledger technology (DLT) based on the proven efficiency of the tech and the secure nature of transactions on the said technology.

The Chief Executive Officer of the company Joss Dijsselfhof has also expressed to the media that once the digital exchange is in place the transaction times would be cut down from two days to only a second.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

Related News

Hot Stories

Seth Green loses his 4 NFTs in a Phishing scam; begs not to buy them.
Dogecoin price analysis: DOGE/USD set to break above $0.1 soon?
Do Kwon moves on LUNA`s revival plan despite 90% rejection votes
Dogecoin Price Prediction 2022-2030: On its Path to Recovery?
Recession talks surge, Elon Musk predicts one lasting up to 18 months as crypto tanks

Follow Us

Industry News

South Korean government revives ‘Grim Reapers’ as Terra`s collapse puts it on the regulation edge
TFL's legal team has left the company amid the LUNA crisis
Do Kwon moves on LUNA`s revival plan despite 90% rejection votes
Japan's banking giant Nomura set to launch crypto division
Leading Korean law firm to sue Do Kwon amid UST and LUNA ordeal