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Compared to the record year 2015, the trading activity on SIX Swiss Exchange and SIX Structured Products Exchange has decreased. |
In 2016, SIX Swiss Exchange registered a trading turnover of CHF 1'279.3 billion. This is higher than in 2014 (CHF 1'148.2 bn), while in the previous year a new record had been set following the decision of the Swiss National Bank to remove the euro floor (CHF 1'372.5 bn).
Record turnover for ETFs
While CHF 1'006.0 billion in the segment for Equities incl. Funds + ETPs marked a decrease of -5.2% over the previous year, turnover in the ETF segment grew again and reached a new all-time high. With a plus of 7.7% in 2016 it reached CHF 103.8 billion and surpassed the previous record of 2011, when the threshold of 100 billion had been surpassed for the first time with CHF 101.9 bn.
Normalized number of transactions
In total, SIX Swiss Exchange registered 47'585'393 transactions in 2016. This represents a decrease of -7.7% compared to the previous year but is significantly more than the 38'832'343 trades registered in 2014. The segment "Bonds Non CHF" was the only segment that saw more trades than in 2015.
Successful launches and numerous highlights
In 2016, SIX Swiss Exchange could welcome five new companies: WISeKey International Holding Ltd, VAT Group AG,Investis Holding AG, KTM Industries and Varia US Properties. To support listed companies in strengthening their visibility in the market and with relevant stakeholders, SIX Swiss Exchange launched the "Stage" program in September.
Also in September 2016, SPI Multi Premia was introduced, a new index family for factor-based investing. Already in June, SIX Swiss Exchange had taken over the distribution and marketing of all Swiss indices. The first product on one of the new indices had been admitted to trading in the segment for Sponsored Funds. As new product issuers, Nomura and UniCreditjoined the ETF segment, while Cornèr Bank AG and Raiffeisen joined the structured products segment.
2016 saw the launch of two new trading platforms: XBTR and SIX Swiss Exchange At Midpoint. "SwissAtMid" allows execution of Swiss equities in a non-displayed pool at the mid-point of the lit order book. This provides trading participants with significant price improvements. Benefitting from these innovations are also the five new participants that joined SIX Swiss Exchange in 2016: Jane Street, Liquid Capital Management LLP, DRW Investments (UK) Limited, Bluefin Europe LLP, Nyenburgh Holding B.V. and Credit Suisse (Schweiz) AG.
Exchange of the Year
Chris Landis, Division CEO SIX Swiss Exchange, looks back on a very successful year: "In 2016, we continued to demonstrate our capacity for innovation. The rollout of two platforms and several new services gives customers and investors in Switzerland and abroad more opportunities for diversifying their investment portfolios. We also facilitate access to leading international financial markets." The successful year had been crowned by winning the "Exchange of the Year" award at the Structured Products Awards Europe 2016.
More detailed figures are available in the statistical monthly report[PDF]. An overview of order book quality at SIX Swiss Exchange is reflected in the Equity Liquidity Matrix (ELM), while the SIX Swiss Exchange tool Intraday Activity allows a monitoring of daily trading turnover on SIX Swiss Exchange. Furthermore, the SIX Swiss Exchange website provides daily figures for volume and turnover.
