SIX launches microwave-based trading

SIX has launched a microwave-based trading connection that links Zurich to London, Frankfurt and Milan, and Milan to London and Frankfurt, announced the Swiss stock exchange in a statement.

Thanks to the service offered by SIX’s joint-venture 12H AG, trading participants of the Swiss exchange can execute their trading strategies faster and benefit from enhanced risk management.

“Introducing microwave technology represents a significant step towards creating the Exchange Services of the future and our strong commitment to provide customers with a single source for the best low latency services from and to Zurich,” commented Thomas Zeeb, Head Securities & Exchanges.

At the same time, SIX announced the launch of a fraud-fighting product via SIX Payment Services. Fraud Free is an artificial intelligence-based solution to prevent fraud, developed in partnership with the German-Israeli startup Fraugster, that complements the exchange’s range of e-commerce services.

Fraud Free enriches every transaction with thousands of additional data points, while its artificial intelligence engine analyzes behavioral patterns and determines if a transaction is fraudulent, explained the exchange in a separate statement.  

According to SIX Payment Services, Fraud Free can also minimize wrongly rejected transactions. This in turn helps traders boost their profits, because “6 out of 10 consumers never return to a merchant who blocked their transactions”.