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SDX
CordaCon – A view from behind the curtain
Internal
Information
1
24.10.2019 Sven Roth
Agenda
Internal
Information
2
SIX
SDX Value Proposition
Full value chain
Prototype Release incl. Demo
1
2
3
4
SIX
Internal
Information
4 Source: Global Innovation Index 2018 by WIPO, July 2018
A HISTORY.
OF DISRUPTION.
Switzerland is ranked the N°1 innovative
country in the world for the 8th year in a
row and we have a track record to back it
up. Like in 1996, SIX introduced electronic
trading, profoundly disrupting the stock
exchange industry for good.
The Swiss Way.
+
Internal Information5 Source: SIX Group
STRONG,
STABLE, SOLID.
Switzerland is stable, socially and politically,
as well as financially. SIX operates SIC, the
interbank clearing system that allows banks
to handle their large value and retail
payments – with that, SIX is actually running
the payment system for the national bank.
The Swiss Way.
+
Internal
Information
6 Source: FINMA
TIGHTLY REGULATED.
FINMA, the Swiss regulator, has set
extremely high benchmarks. Switzerland
has only one CCP, one CSD, and one
company running payments for its national
bank. All of that is SIX. FINMA
has only issued 7 FMI licenses. We hold
6 of them.
The Swiss Way.
+
Integrated Value Chain
7 Internal
Information
SDX Value Proposition
SDX is the home of the
best in class and most
trusted digital
exchange services
worldwide and the
leading marketplace for
digital assets.
9 Internal
information
Our Vision
From “Internet of Information” to “Internet of Value”
10
SDX Value Proposition
Internal
Information
www
DLT, Blockchain
Transfer of Information
without Internet
Transfer of Information
with Internet
Transfer of Value
without Internet
Transfer of Value
with Internet
Product groups
11
SDX Value Proposition
Internal
Information
New
digital tokens
(bankable)
Primary market
services
(IDO)
non-bankable
assets
Full value chain
Riskless Trading
13 Internal
Information
SDX simplifies the Trading and Post Trading Architecture
14
Riskless Trading
Internal
Information
Member (Seller) Member (Buyer)
Trading
Matching Engine
Clearing
with collateral
T + 2 days
micro seconds micro seconds
Settlement
SWIFTSWIFT
Core BankingCore Banking
T + 2 days
8x5
Bank A Bank B
FIX, OTI, QTI FIX, OTI, QTI
SDX simplifies the Trading and Post Trading Architecture
15
Riskless Trading
Internal
Information
Member (Seller) Member (Buyer)
Trading
Matching Engine
Clearing
with collateral
T + 2 days
micro seconds micro seconds
Settlement
FIX FIX
SWIFTSWIFT
Core BankingCore Banking
T + 2 days
8x5
Bank A Bank B
Member (Seller) Member (Buyer)
Trading
Matching Engine
Atomic Settlement
Atomic
micro seconds micro seconds
FIX, OTI, QTI FIX, OTI, QTI
DLTDLT
Atomic
Bank A Bank B
DLT Node
8x5
DLT Node DLT Node
CSD: Smart Assets
and Decentralized
Holdings
16 Internal
Information
SDX Platform
17
CSD: Smart Assets and Decentralized Holdings
Internal
Information
SDX Platform
SIC
CHF
Bank
Company
Existing SIX components
SDX Platform
SDX CSD Network
Other Business Networks
(NaaS)
Matching
[Trading]
Connectivity
Mgmt
Notary
CSD: Cash Leg
18 Internal
Information
Cash-Leg Models
19 Internal
Information
SIC
SNB
RTGS Connector
Bank A
Reserve Account
Bank A
Settlement
Account
Bank B
Settlement
Account
Bank B
Reserve Account
no cash on DLT
DLT
Omnibus
SIC
DLT
SNB
SDX Omnibus
SDX
Node
Bank A
Wallet
Bank A
Settlement
Account
Bank B
Wallet
Bank A
Reserve Account
Bank B
Reserve Account
Bank B
Settlement
Account
w-CBDC
SIC
SNB
Bank A
Reserve Account
Bank B
Reserve Account
Bank A
Wallet
Bank B
Wallet
SNB
Node
DLT
SIC API
Explore new ground (press release 08.10.2019)
20 Internal
Information
September (Bluewhale) Release
Integrated Value Chain
22 Internal
Information
    
Demo
23 Internal
Information
Demo Environment
24 Internal
Information
Client Member
Node 1
[CSCH01]
Client Member
Node 2
[CSCH02]
SDX Member
Node 1
[SDXBN01]
SDX Member
Node 2
[SDXBN02]
SDX CSD Node
[SDX]
SDX Settler Service
xstream
FIX Gateway
SetGUI
FIX
OUCH
Xstream Trading
Workstation
GUI
Thank you!
25 Internal
Information
26
This presentation and the information contained herein is strictly confidential. It is intended to be a working
document and not to represent a final assessment. Contents of the presentation are for educational purposes
only and do not replace independent professional judgment. SDX does not assume responsibility for accuracy or
completeness of the information presented.
Disclaimer
Internal
Information

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BizDay: A View From Behind the Curtain, SIX Exchange

  • 1. SDX CordaCon – A view from behind the curtain Internal Information 1 24.10.2019 Sven Roth
  • 2. Agenda Internal Information 2 SIX SDX Value Proposition Full value chain Prototype Release incl. Demo 1 2 3 4
  • 3. SIX
  • 4. Internal Information 4 Source: Global Innovation Index 2018 by WIPO, July 2018 A HISTORY. OF DISRUPTION. Switzerland is ranked the N°1 innovative country in the world for the 8th year in a row and we have a track record to back it up. Like in 1996, SIX introduced electronic trading, profoundly disrupting the stock exchange industry for good. The Swiss Way. +
  • 5. Internal Information5 Source: SIX Group STRONG, STABLE, SOLID. Switzerland is stable, socially and politically, as well as financially. SIX operates SIC, the interbank clearing system that allows banks to handle their large value and retail payments – with that, SIX is actually running the payment system for the national bank. The Swiss Way. +
  • 6. Internal Information 6 Source: FINMA TIGHTLY REGULATED. FINMA, the Swiss regulator, has set extremely high benchmarks. Switzerland has only one CCP, one CSD, and one company running payments for its national bank. All of that is SIX. FINMA has only issued 7 FMI licenses. We hold 6 of them. The Swiss Way. +
  • 7. Integrated Value Chain 7 Internal Information
  • 9. SDX is the home of the best in class and most trusted digital exchange services worldwide and the leading marketplace for digital assets. 9 Internal information Our Vision
  • 10. From “Internet of Information” to “Internet of Value” 10 SDX Value Proposition Internal Information www DLT, Blockchain Transfer of Information without Internet Transfer of Information with Internet Transfer of Value without Internet Transfer of Value with Internet
  • 11. Product groups 11 SDX Value Proposition Internal Information New digital tokens (bankable) Primary market services (IDO) non-bankable assets
  • 14. SDX simplifies the Trading and Post Trading Architecture 14 Riskless Trading Internal Information Member (Seller) Member (Buyer) Trading Matching Engine Clearing with collateral T + 2 days micro seconds micro seconds Settlement SWIFTSWIFT Core BankingCore Banking T + 2 days 8x5 Bank A Bank B FIX, OTI, QTI FIX, OTI, QTI
  • 15. SDX simplifies the Trading and Post Trading Architecture 15 Riskless Trading Internal Information Member (Seller) Member (Buyer) Trading Matching Engine Clearing with collateral T + 2 days micro seconds micro seconds Settlement FIX FIX SWIFTSWIFT Core BankingCore Banking T + 2 days 8x5 Bank A Bank B Member (Seller) Member (Buyer) Trading Matching Engine Atomic Settlement Atomic micro seconds micro seconds FIX, OTI, QTI FIX, OTI, QTI DLTDLT Atomic Bank A Bank B DLT Node 8x5 DLT Node DLT Node
  • 16. CSD: Smart Assets and Decentralized Holdings 16 Internal Information
  • 17. SDX Platform 17 CSD: Smart Assets and Decentralized Holdings Internal Information SDX Platform SIC CHF Bank Company Existing SIX components SDX Platform SDX CSD Network Other Business Networks (NaaS) Matching [Trading] Connectivity Mgmt Notary
  • 18. CSD: Cash Leg 18 Internal Information
  • 19. Cash-Leg Models 19 Internal Information SIC SNB RTGS Connector Bank A Reserve Account Bank A Settlement Account Bank B Settlement Account Bank B Reserve Account no cash on DLT DLT Omnibus SIC DLT SNB SDX Omnibus SDX Node Bank A Wallet Bank A Settlement Account Bank B Wallet Bank A Reserve Account Bank B Reserve Account Bank B Settlement Account w-CBDC SIC SNB Bank A Reserve Account Bank B Reserve Account Bank A Wallet Bank B Wallet SNB Node DLT SIC API
  • 20. Explore new ground (press release 08.10.2019) 20 Internal Information
  • 22. Integrated Value Chain 22 Internal Information     
  • 24. Demo Environment 24 Internal Information Client Member Node 1 [CSCH01] Client Member Node 2 [CSCH02] SDX Member Node 1 [SDXBN01] SDX Member Node 2 [SDXBN02] SDX CSD Node [SDX] SDX Settler Service xstream FIX Gateway SetGUI FIX OUCH Xstream Trading Workstation GUI
  • 26. 26 This presentation and the information contained herein is strictly confidential. It is intended to be a working document and not to represent a final assessment. Contents of the presentation are for educational purposes only and do not replace independent professional judgment. SDX does not assume responsibility for accuracy or completeness of the information presented. Disclaimer Internal Information