Virt-x, the pan-European cross-border exchange operator, is launching a market segment for Exchange Traded Funds (ETFs) together with SWX Swiss Exchange.

An ETF is a basket of stocks that tracks an index and which can be traded on a daily basis. The segment is set to be launched on May 6, and will build on SWX's expertise in the growing European ETF market and virt-x's existing European infrastructure. The launch follows increased demand from virt-x clients to access the rapidly expanding European ETF market.