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- Trading turnover: CHF 127.0 billion (+9.7% month-on-month)
- Average trading turnover per day grows to CHF 5.8 billion
- VAT Group AG now listed on SIX Swiss Exchange
- Trading commences on XBTR, a bilateral trading platform for structured products
Trading turnover, including all securities traded on SIX Swiss Exchange and SIX Structured Products Exchange, increased by 9.7% month-on-month in April 2016 to CHF 127.0 billion. However, this trend is not reflected in the number of trades, which declined by 12.0% compared to March to 3,709,919. Average trading turnover per day rose in April from CHF 5.7 billion the previous month to CHF 5.8 billion.
Looking at the trend since the start of the year, a total of 17,661,640 transactions have been conducted on SIX Swiss Exchange and SIX Structured Products Exchange. This represents a 3.5% decline year-on-year, largely due to the record-high transaction volumes in January 2015. The same effect was apparent in trading turnover, which came in down 10.6% year-on-year at CHF 477.9 billion.
23 new CHF bond issues (-20.7%) and 3,196 new structured products and warrants (+23.5%) were admitted to trading in April. In all, 89 new CHF bonds (-13.6%) and 13,143 new structured products and warrants (-20.1%) have therefore been listed since the start of the year.
SIX Swiss Exchange was able to record the largest IPO in Europe since the start of the year on 14 April with the listing of VAT Group AG. The opening price was CHF 52.00, corresponding to a placement volume of CHF 624 million and total market capitalization of CHF 1.56 billion.
On April 15 trading commenced on XBTR, the bilateral trading platform for structured products from SIX Swiss Exchange. The two parties to the trade, Leonteq and Credit Suisse, became the first participants to also profit in OTC trading of structured products from the benefits of the infrastructure of SIX.
The performance of the most important equity indices was as follows in the reporting month: the blue chip SMI® index stood at 7,960.9 points at the end of April (+2.0% month-on-month, -9.7% versus end-2015). The SLI Swiss Leader Index® stood at 1,228.1 points (+1.9%/-7.8%) and the broader-based SPI® at 8,566.8 points (+3.0%/-5.8%). The SBI® AAA-BBB Total Return index was down versus March (-0.2%/+2.0% compared with end-2015) at 137.2 points.
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