Six Swiss Exchange readies launch of delayed OTC platform
The Six Swiss Exchange is planning the August 18 launch of XBTR, a new electronic trading platform designed to allow participants to buy, sell and settle over-the-counter products. The new system was originally slated to appear on July 22 but was delayed due to a hitch in its support operating system.
A large share of the structured products market in Switzerland is still based on OTC transactions, with many secondary market transactions carried out over the telephone. XBTR will make the market
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