Political and economic uncertainty on a global scale meant that 2011 was aturbulent year for exchanges. Trading and issuing activity on SIX Swiss Exchange and Scoach Switzerland reached record levels in August. Over the entire year, trading turnover decreased slightly, while the number of trades rose significantly.
The trading volume on SIX Swiss Exchange and Scoach Switzerland totaledCHF 1,161.3 billion in 2011, representing a year-on-year drop of around 2.5%. By contrast, the number of trades increased by a significant 14.4% to 40,020,385. 15 new participants were admitted during the course of the year (previous year: nine), with 127 companies now trading on SIX Swiss Exchange and Scoach. W hat is more, SIX Swiss Exchange welcomed two newly listed companies and three new ETF issuers, and now has 16 issuers offering a total of 757 ETFs (+25.3%).
Growth continued unabated in the ETF segment, breaking the records from last year. Trading turnover increased by 42.2% and the number of trades rose by 41.2% to983,229. In August and September, the threshold of 100,000 trades per month was exceeded for the first time ever.
The segment equities incl. funds, ETSFs and ETPs, can look back on higher trading volumes in 2011. Altogether, 37,112,904 trades were made, which is an increase of14.7% compared with the previous year. On the other hand, trading turnover fell by9.1% to CHF 831.9 billion. The strongest SMI stock in terms of turnover in 2011 was Nestlé R at CHF 106.4 billion, followed by Novartis R at CHF 93.3 billion and Roche NES at CHF 79.3 billion.
The bonds CHF segment also recorded strong growth. The total turnover here was CHF 173.2 billion – a rise of 7.8% in comparison with 2010. The number of trades increased by 9.2% to 504,594 over the same period. Altogether, 395 new bonds CHF were listed, equating to a year-on-year rise of 2.3%.
Scoach Switzerland set a new record by listing 52,415 new structured products and warrants in all. Trading turnover for 2011 was CHF 51.8 billion. Compared to the previous year, this represents an increase of 30.3% and the highest turnover since2008. The number of trades decreased slightly to 1,380,213 (-1.1%). In October, Scoach became the first exchange in the world to offer the trading of structuredproducts in the trading currency gold (XAU).
The leading equity indices tended lower over the past year: The blue chip index SMI®was at 5,936.23 points at the end of December (-7.8% compared to end 2010). TheSLI Swiss Leader Index® stood at 876.7 points (-13.8%) and the broader based SPI®5,343.5 points (-7.7%). In contrast, the key bond indexes performed more positively. Among others, the SBI® AAA-BBB Total Return notched up a gain over the year, up4.8% to 120.3 points.
Christian Katz, CEO SIX Swiss Exchange: "We were able to increase volumes and turnover considerably in many segments in a difficult environment over the past year. We are also pleased that we were again able to welcome a number of new participants and issuers. This growth puts us clearly at the forefront in Europe. We view this as evidence of the appeal of our exchange and our successful endeavors to impress with an outstanding infrastructure and consistent focus on clients."
Year 2011 | Trading days in 2011: 254 | Trading days in 2010: 254 | |
Segment |
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Equities incl. Funds + ETSFs + ETPs |
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Bonds CHF |
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ETFs |
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International bonds |
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Structured products and warrants |
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TOTAL |
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Equities incl. Funds + ETSFs + ETPs |
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Bonds CHF |
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ETFs |
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International bonds |
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Structured products and warrants |
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TOTAL |
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Bonds CHF |
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Structured products and warrants |
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Index |
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SMI® |
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SLI Swiss Leader Index® PR |
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SMIM® Price |
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SPI® |
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SPI EXTRA® Total Return |
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SXI LIFE SCIENCES® Total Return |
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SXI Bio+Medtech® Total Return |
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SBI® AAA-BBB Total Return |
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SMI End-of-Day Year high = 6,717.3 (18.02.2011);
SMI intraday Year high = 6,739.1 (21.02.2011)
Busiest trading days of 2011 = 392,587 Trades (09.08.2011); CHF 10,492.6 million Turnover (15.03.2011)
More detailed information is soon available in the statistical monthly report at: http://www.six-swiss-exchange.com/statistics/monthly_data/overview/2011_en.html
An overview of order book quality on SIX Swiss Exchange can be found in the Equity Liquidity Matrix (ELM) at: http://www.six-swiss-exchange.com/statistics/elm_en.html