New Listing Rules Of The Swiss Exchange

The Swiss Exchange was established on 26 May, 1993, as a private association, the 55 member banks of the Stock exchanges of Zurich, Geneva and Basle-Stadt being the founder members. The Swiss Exchange was designed to replace the current split between the three main exchanges of Switzerland in Basle, Geneva and Zurich. The Swiss Exchange started trading foreign shares after several postponements on 8 December, 1995. By contrast, the dealing in domestic shares, bonds, warrants and shares in investment funds could not yet be taken over by the Swiss Exchange from the traditional exchanges due to problems with the fully computerised system. Simulation tradings showed that the response time was too long in certain circumstances. After having missed several schedule dates, the Swiss Exchange wouldn't announce a schedule for the start of trading in the remaining market segments. However, it is expected that further market segments will be traded through the electronic system of the Swiss