SIX Swiss Exchange Trading Turnover Hold Steady in February

SIX Swiss Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, Switzerland's principal Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, has released its performance metrics for February. Total trading turnover was released at CHF 123.7 billion ($131.65 billion), slightly down by 1% from January’s total.

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The minor drop in turnover is attributed to a decrease in the overall number of trades executed on the exchange, which were released at just under 5.5 million trades, representing a more significant decrease of 7.7% from January. However, there was one fewer trading day during February, which also contributed to the lower month on month trading turnover.

The exchange’s performance since the start of the year exemplifies improved performance across the board. The total amount of securities traded on the SIX Swiss Exchange during the two month period from the start of 2018, reached CHF 248.6 billion, marking an 8.7% increase from the same period of last year.

Moreover, market participants of the SIX Swiss Exchange reached the improved turnover figures, as a direct consequence of a rise in the total number of trades. Since the start of the year, the total number of trades executed on the exchange surpassed 11.4 million positions. This marks a 39.9% increase YoY, and explains the improved turnover figures for the period.

Meanwhile, the exchange is currently at a pace of CHF 6.1 billion in average daily turnover since the beginning of 2018. If the exchange maintains the current pace, it will continue to record improved turnovers on a year on year comparison.

The SIX Swiss Exchange’s improved YoY numbers were likely aided by the recent decision by the EU Commission, which allowed the exchange to obtain temporary status as an equivalent third-country trading venue. The decision enables European traders to continue their trading on SIX Swiss Exchange without any disruption from MiFID II, further elevating market participation on the exchange, leading to higher trading turnover.

The exchange’s numbers began to improve toward the end of 2017, rebounding from yearly lows in the middle months of the year.