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swissexchange [2017/03/02 15:39] – [SIX Swiss Exchange (SIX)] mayaswissexchange [2023/02/27 12:24] (current) – [Auction Mechanisms] hammed
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 ====== SIX Swiss Exchange ====== ====== SIX Swiss Exchange ======
 +
 The SIX Swiss Exchange, based in Zurich, is Switzerland's principal stock exchange. SIX Swiss also trades other securities, such as Swiss government bonds, and derivatives, such as stock options. The SIX Swiss Exchange, based in Zurich, is Switzerland's principal stock exchange. SIX Swiss also trades other securities, such as Swiss government bonds, and derivatives, such as stock options.
  
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 [[ http://www.six-swiss-exchange.com/index.html | Home Page ]] [[ http://www.six-swiss-exchange.com/index.html | Home Page ]]
  
-Currency: Swiss Franc (CHF)\\ +Currency: Swiss Franc (CHF)
-Time Zone: UTC +01:00+
  
-[[ http://www.six-swiss-exchange.com/shares/trading/trading_hours_en.html | Trading Hours ]]\\ +  * [[ https://www.six-group.com/en/products-services/the-swiss-stock-exchange/trading/trading-provisions/trading-hours.html | Trading Hours ]] 
-[[ https://www.six-swiss-exchange.com/funds/trading/trading_and_settlement_calendar_en.html | Trading and Settlement Calendar ]]+  * [[ https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/news-tools/trading-currency-holiday-calendar.html#/ | Trading and Currency Holiday Calendar ]]
  
-==== Lit Order Types ==== +==== Order Types ==== 
-  * Limit + 
-  * Limit-On-Close +  * Limit Buy/Sell→ShortSell 
-  * Market +  * Limit-On-Close (LOC) Buy/Sell→ShortSell 
-  * Market-On-Close +  * Market Buy/Sell→ShortSell 
-==== Available ATS ==== +  * Market-On-Close (MOC) Buy/Sell→ShortSell
-  * [[ batseurope | BATS CHI-X Europe]]\\ +
-  * [[ turquoise | Turquoise ]]\\+
  
 ==== Basic Market Rules ==== ==== Basic Market Rules ====
 +
   * Lot Size: 100 shares.   * Lot Size: 100 shares.
   * Tick Size: varies, as follows:   * Tick Size: varies, as follows:
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      * 1.5% from a reference price valid within 10 seconds (Avalanche stop)      * 1.5% from a reference price valid within 10 seconds (Avalanche stop)
         * In certain cases, the exchange may adjust these parameters on short notice         * In certain cases, the exchange may adjust these parameters on short notice
 +  * **Note:** as part of pre-trade transparency requirements under the new MiFID II rule, Europe hidden or hidden portion of iceberg (e.g., CHIX-X Bats and Turquoise reserve/dark orders) order must be sent above the Large In Scale (LIS) thresholds as defined by the European Securities and Markets Authority (ESMA). For more information about the MiFID II rules, visit the ESMA official website at https://www.esma.europa.eu/.
      
-For more information, see the [[http://www.six-swiss-exchange.com/rule_book/01-RB/en/index.html | Rule Book]] page.+For more information, see the [[https://www.ser-ag.com/dam/downloads/regulation/trading/rule-books/rb-en.pdf | Rule Book]]. 
 ==== Auction Mechanisms ==== ==== Auction Mechanisms ====
 +
 === Open === === Open ===
  
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   * Orders may be entered, amended, and cancelled   * Orders may be entered, amended, and cancelled
  
-2. **Closing Auction** (17:20 - 17:30)+2. **Closing Auction** (17:20 - 17:29:45)
   * Closing orders may be entered, amended, and cancelled   * Closing orders may be entered, amended, and cancelled
   * No orders will be matched   * No orders will be matched
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   * Closing orders will be matched   * Closing orders will be matched
  
-**Order Types:** Market and Limit orders will be eligible to participate in the close.+**Order Types:** Limit, Market, and Market-on-Closes orders will be eligible to participate in the close. 
 + 
 +For more information, see the [[https://www.ser-ag.com/dam/downloads/regulation/trading/rule-books/rb-en.pdf | Rule Book]] and [[ https://www.six-swiss-exchange.com/participants/trading/on_order/functionalities_en.html | On-order-book trading ]] pages.
  
-For more information, see the [[http://www.six-swiss-exchange.com/rule_book/01-RB/en/index.html | Rule Book]], [[https://www.six-swiss-exchange.com/participants/trading/ote/sls/matching_rules_en.html | Matching Rules]], and [[ https://www.six-swiss-exchange.com/participants/trading/on_order/functionalities_en.html | On-Order-Book Trading ]] pages. 
 ==== Financial News === ==== Financial News ===
  
-  * [[ http://www.thelocal.ch/page/view/money | The Local Business Section ]]\\ +  * [[ http://www.thelocal.ch/page/view/money | The Local: Business Section ]] 
-  * [[ http://www.swissinfo.ch/eng/business | Swiss Info Business Section ]]\\+  * [[ http://www.swissinfo.ch/eng/business | Swiss Info: Business Section ]]
      
 ====Market Data==== ====Market Data====
-  * [[ http://www.six-swiss-exchange.com/shares/overview_en.html | SIX Swiss Exchange Market Data ]]\\+ 
 +  * [[ http://www.six-swiss-exchange.com/shares/overview_en.html | SIX Swiss Exchange Market Data ]]
  
 ===== See Also ===== ===== See Also =====
-  * [[market_guides|Market Guides]] 
  
 +  * [[market_guides|Market Guides]]
swissexchange.1488487175.txt.gz · Last modified: 2017/03/02 15:39 by maya