Market maker Optiver has recently joined SIX Swiss Exchange’s ETF Quote on Demand (QOD) service as a liquidity provider, becoming the seventh provider to join the platform. This move signifies a significant expansion of the service, which was introduced in 2020 to enhance ETF trading on the exchange. Head of ETF sales at SIX Swiss Exchange, David Andrew Smith, expressed his satisfaction with Optiver’s addition to the service, emphasizing the continuous efforts to enhance trading conditions and service offerings on the market.
The ETF QOD service facilitates institutional investors in executing orders through a bidding process directly with registered liquidity providers, offering potential price improvements compared to existing order services. Presently, the ETF QOD offering by SIX Swiss Exchange grants access to over 6,800 ETFs and ETPs, enabling trading across major European markets such as the London Stock Exchange, Euronext, and Borsa Italiana.
In a similar vein, Optiver provides market-making services for 695 passive and six active ETFs listed on SIX Swiss Exchange. By joining the QOD platform, Optiver aims to bolster its capacity to offer competitive and reliable ETF liquidity to institutional counterparties in Switzerland. Pasquale Capasso, ETF institutional sales at Optiver, highlighted the company’s commitment to transparency, execution quality, and supporting the growth of the Swiss ETF market.
Optiver’s integration into the ETF QOD service follows the addition of Societe Generale as the sixth liquidity provider in June 2025. This development marks another milestone for Optiver, as the firm transitioned to a systematic internalizer (SI) in April, broadening the range of stocks it can provide liquidity for.
The collaboration between Optiver and SIX Swiss Exchange underscores the evolving landscape of ETF trading and market liquidity. The increasing participation of liquidity providers in such services reflects a growing demand for efficient and transparent trading mechanisms in the ETF market. These developments align with the broader trends in the financial industry towards enhancing market infrastructure and fostering competitive trading environments.
As the ETF market continues to expand and evolve, initiatives like the ETF QOD service play a crucial role in facilitating smoother and more efficient trading processes for market participants. The integration of Optiver as a liquidity provider on the platform signifies a step towards further enhancing liquidity provision and trading opportunities in the Swiss ETF market.
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