SWX Europe

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]

gollark: no.
gollark: Tell them that it's already too late, and I *cannot* stop the sequence.
gollark: As planned.
gollark: Especially if the good post-quantum ones are significantly resource-hungrier somehow.
gollark: If everyone has to switch out currently-okay cryptographic algorithms in a hurry then there will be rather more insecure systems which don't get updated fast enough.

References
  1. http://www.swxeurope.com/index.html
  2. https://www.independent.co.uk/news/business/tradepoint-challenges-stock-exchange-1602181.html
  3. "Tradepoint Merges With SWX to Form Virt-x". waterstechnology. July 24, 2000.
  4. http://news.bbc.co.uk/1/hi/business/826131.stm
  5. virt-x changes its name to SWX Europe. March 3, 2008, retrieved July 5, 2008.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.