SWX Europe

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SWX Europe, formerly virt-x (virt-x Exchange Limited) and Tradepoint, was an electronic cross-border share trading platform that operated between 1995 and 2009. In 2009 all business was transferred to its owner SIX Swiss Exchange. [1]

Contents

History

Tradepoint Investment Exchange was founded by three former employees of London Stock Exchange in 1995. It was an order-driven market, and was known as Tradepoint. As a Recognised Investment Exchange (RIE) based in London, it was supervised by the UK's Financial Services Authority (FSA). [2]

In late 2002, it became the subject of a takeover offer by the Swiss exchange, SWX. The sale was completed and at that point it became a wholly owned subsidiary of that group. To reflect the new owner the name was changed to Virt-x which was short for virtual exchange. [3] [4]

In early 2008, virt-x formally changed its name to SWX Europe. [5]

As of 30 April 2009, SWX Europe ceased trading and all business was transferred to SIX Swiss Exchange. [1]

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References

  1. 1 2 "The Future of Finance Is Now". SIX. 2023-05-16. Retrieved 2023-05-30.
  2. ↑ "Tradepoint challenges Stock Exchange". Independent.co.uk . 22 October 2011.
  3. ↑ "Tradepoint Merges With SWX to Form Virt-x". waterstechnology. July 24, 2000.
  4. ↑ "BBC News | BUSINESS | Tradepoint, Swiss launch exchange".
  5. ↑ "virt-x changes its name to SWX Europe" (PDF). Archived from the original (PDF) on 2009-03-20.


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