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
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails