Six Swiss Exchange launches new ETF segment

ETFsProviders of exchange-traded funds (ETFs) can now launch products on Six Swiss Exchange, following the introduction of a new regulatory standard.

In drafting the new standard, the exchange completed the groundwork for launching a new segment for exchange-traded products (ETPs). In the release announcing change, Six Swiss Exchange said it is “promoting product diversity and enabling issuers to offer investors innovative solutions.”

The additional rules for the listing of ETPs come into force on 15 October this year and the first products in this new segment are expected to come onto the exchange during November 2010. In order to ensure continuous, liquid trading on the Exchange, at least one market maker will be appointed for each product. Six Swiss Exchange is providing an efficient trading platform and the requisite market controls.

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