Which statement about SIX's establishment is NOT true?

Which statement about SIX's establishment is NOT true?

• A. It was established in 1993 as a securities exchange.
• B. It introduced electronic exchange operations in 1995-96.
• C. It originated from trading pits in Basel, Geneva and Zurich.
• D. It began as a payments platform in 1990.

Answer: (D)

The idea being tested is how SIX evolved from regional, floor-based markets into a single, modern securities exchange and infrastructure provider. The true pattern is that SIX emerged in 1993 as a unified securities exchange, bringing together Switzerland’s major regional venues. In the mid-1990s it moved to electronic trading, introducing electronic exchange operations around 1995–96, which reflects the broader shift away from open-outcry pits to electronic systems. Its roots lie in the trading pits of Basel, Geneva, and Zurich, the traditional centers that were consolidated into one national exchange. The statement about beginning as a payments platform in 1990 isn’t accurate: SIX did not start as a payments platform; payments infrastructure developed later as part of its broader services, after the securities-exchange consolidation.

The idea being tested is how SIX evolved from regional, floor-based markets into a single, modern securities exchange and infrastructure provider. The true pattern is that SIX emerged in 1993 as a unified securities exchange, bringing together Switzerland’s major regional venues. In the mid-1990s it moved to electronic trading, introducing electronic exchange operations around 1995–96, which reflects the broader shift away from open-outcry pits to electronic systems. Its roots lie in the trading pits of Basel, Geneva, and Zurich, the traditional centers that were consolidated into one national exchange. The statement about beginning as a payments platform in 1990 isn’t accurate: SIX did not start as a payments platform; payments infrastructure developed later as part of its broader services, after the securities-exchange consolidation.