Both tournaments are part of the qualifications for the World Championship cycle, with the top two players in the open event qualifying for the 2024 Candidates Tournament and the top two players in the Women’s Grand Swiss qualifying for the 2024 Women’s Candidates.
Eleven rounds will be played under the Swiss System, with 164 players participating from all continents: 114 in the Grand Swiss and 50 players in the Women’s Grand Swiss.
The total prize fund is $600,000, with $460,000 for the Grand Swiss and $140,000 for the Women’s Grand Swiss.
The first Grand Swiss was held in 2019 in the Isle of Man and was won by GM Wang Hao, who scored 8/11. The 2021 edition was moved from Isle of Man to Riga due to Covid restrictions on the island and was won by GM Alireza Firouzja.
This is the second time that a Women’s Grand Swiss event will be held. The inaugural edition in Riga was won by GM Lei Tingjie.