Trading

The SWX Europe Trading System offers various functional features that enable members to conduct:

  • On order book trading
    Orders which are routed to the Trading System and are executed according to the matching rules.
  • Off order book trading
    All trades that are not executed via the order book, but trade reported to SWX Europe.

A differentiation is made between the following types of transaction:

On order book trading Off order book trading
Normal order Statement of Interest
Hidden size order Addressed Offer
Accept order Trade Confirmation
Fill or Kill order Reported Trade
Conditional orders Post-Recorded Trades
Unreleased orders