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]
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]
References
- ^ a b "The Future of Finance Is Now". SIX. 2023-05-16. Retrieved 2023-05-30.
- ^ "Tradepoint challenges Stock Exchange". Independent.co.uk. 22 October 2011.
- ^ "Tradepoint Merges With SWX to Form Virt-x". waterstechnology. July 24, 2000.
- ^ "BBC News | BUSINESS | Tradepoint, Swiss launch exchange".
- ^ "virt-x changes its name to SWX Europe" (PDF). Archived from the original (PDF) on 2009-03-20.
External links
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This page was last edited on 21 September 2023, at 22:24