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FTSE Mondo Visione Exchanges Index:

Key Figures SIX Swiss Exchange And SIX Structured Products - Exchange (Formerly Scoach Switzerland): Year 2013

Date 06/01/2014

  • Increase in trading turnover of 12.5% to more than CHF 1,000 billion
  • Average daily trading turnover of just over CHF 4.0 billion
  • Marked rise in equity indices

SIX Swiss Exchange and SIX Structured Products Exchange (formerly Scoach Switzerland) can look back on a successful year of brisk trading activity. All in all, trading turnover increased by 12.5% year-on-year to CHF 1,004 billion, and the number of trades was up by 9.3% to 34,491,642. This meant that an average exchange day saw turnover of just over CHF 4.0 billion across 138,521 trades. We welcomed two new issuers in each of the ETF and structured products segments alongside a newly listed company. In addition, Sponsored Funds, a new trading segment in which conventional investment funds can be traded, was launched in March. At present, two sponsors are assuming market making responsibility for a total of 305 sponsored funds. All the major equity indices made gains, some of which were significant.

According to Christian Katz, CEO SIX Swiss Exchange: "There was a marked rise in trading activity on our exchange in 2013. Against the backdrop of ongoing economic uncertainty and growing regulatory requirements on trading and listing, this is highly encouraging. We benefited from the targeted improvements we made to our trading platform and infrastructure in the previous year. We succeeded in making trading more efficient and in making an even better job of meeting our clients' requirements."

Overview of the individual segments:

The equities including funds, ETSFs and ETPs segment can look back on a highly successful year. Trading turnover was up by 19.9% to CHF 716.6 billion, while the number of trades rose by 9.8% to 32,172,901. The highest-turnover securities in 2013 were Nestlé N at CHF 97.5 billion, followed by Roche GS at CHF 78.9 billion and Novartis N at CHF 76.5 billion.

CHF bonds, the second-largest segment on SIX Swiss Exchange in terms of trading turnover, saw turnover of CHF 163.8 billion. This equates to a year-on-year decrease of 11.6%. There was also a decline in the volume of trades: 506,781 transactions represented a fall of 6.0% versus 2012.

Encouragingly, trading activity in the ETF segment recovered substantially following the decrease in the prior year, coming in just below the previous record year of 2011. Trading turnover rose by 19.3% to CHF 90.7 billion, with the number of trades up by 16.5% to 931,569. In total, 18 issuers now offer 940 ETFs (+119).

The international bonds segment turned in a very positive performance, especially in terms of trading turnover, which was up by 71.5% to CHF 3.0 billion, marking the highest level since 2009. However, there was a drop in the number of transactions – at 18,220 trades, the previous year's total was undershot by 25.3%.

Trading turnover on SIX Structured Products, which traded as Scoach Switzerland until end-2013, totaled CHF 30.3 billion, 4.9% down on the prior year. Nevertheless, Switzerland remains one of the leading trading centers in Europe. The modest decrease in trading activity was also reflected in the number of transactions: 862,171 trades equate to a year-on-year decline of 3.6%.

All the leading equity indices trended higher in 2013: the blue chip SMI® index stood at 8,203.0 points at the end of December (+20.2% versus end-2012). The SLI Swiss Leader Index® stood at 1,257.3 points (+21.2%) and the broader-based SPI® at 7,838.0 points (+24.6%). The most important bond index, the SBI®

AAA-BBB Total Return, turned in a slightly negative performance, falling by 1.3% to 123.7 points.

SMI End-of-Day Year high = 8'407.6 (22.05.2013); SMI intraday Year high = 8'411.3 (22.05.2013)

Busiest trading days of 2013 = 207'746 Trades (24.06.2013); CHF 9'743.0 million Turnover (15.03.2013)

Year 2013                                                                         Trading days 2013                   Trading days 2012

249                                             250

 

 

Segment

 

Turnover in CHF million

 

Change versus 2012

Equities incl. Funds + ETSFs + ETPs

716,563

19.9%

Bonds CHF

163,810

-11.6%

ETFs

90,728

19.3%

International bonds

2,970

71.5%

Structured products and warrants

30,332

-4.9%

TOTAL

1,004,402

12.5%

 

 

Number of trades

 

Change versus 2012

Equities incl. Funds + ETSFs + ETPs

32,172,901

9.8%

Bonds CHF

506,781

-6.0%

ETFs

931,569

16.5%

International bonds

18,220

-25.3%

Structured products and warrants

862,171

-3.6%

TOTAL

34,491,642

9.3%

 

Number of newly listed products

 

Change versus 2012

Bonds CHF

334

-5.9%

Structured products and warrants

46,073

2.3%

 

Index

 

Year-end reading

 

Change versus 2012

SM

8,203.0

20.2%

SLI Swiss Leader Index® PR

1,257.3

21.2%

SMIM® Price

1,593.9

28.2%

SPI®

7,838.0

24.6%

SPI EXTRA® Total Return

2,470.6

27.7%

SXI LIFE SCIENCES® Total Return

2,032.8

54.6%

SXI Bio+Medtech® Total Return

1,980.1

62.0%

SBI® AAA-BBB Total Return

123.7

-1.3%

More detailed information is available in the statistical monthly report at:

http://www.six-swiss-exchange.com/statistics/monthly_data/overview/

 

Equity Liquidity Matrix (ELM): http://www.six-swiss-exchange.com/statistics/elm_en.html

Intraday Activity:  http://www.six-swiss-exchange.com/statistics/intraday_activity_en.html