Swiss Exchange reaches first stage of tech upgrade

The Swiss Exchange, one of the few remaining independent European stock markets, has become the latest to upgrade its systems after today completing the first stage of a three-year programme to target increased algorithmic trading.

The SWX initiative, called ‘Trading for the future', is set to increase the speed and capacity of trading on the SWX's order book and virt-x, its London-based exchange, by 10 times.

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