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The Swiss SIX exchange plans to launch a new SDX trading platform based on blockchain technology. The new solution aims to stimulate trade in the second half of this year.
SIX Digital Exchange (SDX)
New platform SIX Digital Exchange (SDX) initially, it will operate in parallel to the existing SIX platform, through which the finalization of transactions closes in three steps, and the whole process usually takes a few days. Thanks to technology blockchain it will close in fractions of a second.
The final decision on the platform will probably take place in late summer. Currently, the company is fine-tuning legal and regulatory issues. The SIX board assumes that in the next 10 years, SDX will significantly overtake the traditional stock exchange.
While more and more exchanges are turning towards digital solutions, SIX sees itself as the leader in this field, expecting SDX to generate significant profits in the second half of the year. The first in the offer will be security tokens, which, as assumed by the SIX board, will contribute to increasing capital.
Everything points to the fact that SDX will offer first to turn the selected ones sharesto which successively will be added next. Then the offer will expand by debentures and probably also about stock exchange funds. It is not excluded that SDX will also offer shares in such assets as antiques and monuments. So far, although the transactions carried out on SIX and many other exchanges are in electronic form, the basic processing stages are still based on old postal and paper protocols.
