Six Swiss Exchange readies launch of delayed OTC platform

The XBTR electronic trading platform is scheduled for launch on August 18 and aims to improve the buying, selling and settling of OTC trades in Switzerland

christian-reuss
Christian Reuss, CEO of Scoach

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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