SIX Sees Solid H1 2020 Financial Results, Driven by COVID-19 Boost
- The Group reported the highest weekly trading turnover in its history in March.
SIX Group Ltd, operator of the SIX Swiss Exchange, has published its financial results for the first half of 2020, revealing an overall solid period for the company, despite the challenges presented by the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term pandemic.
During the first half of the year, SIX reported CHF 624.1 million in operating income. When measuring this number against the operating income achieved in the first half of 2019, it is stronger by 13.1 per cent.
According to the report, the uptick in operating income was mainly due to amplified trading activity caused by heightened market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term. This was a result of the uncertainty surrounding the coronavirus pandemic.
Group net profit was reported at CHF 184.2 million for the first six months of the year and earnings per share closed out the period at CHF 9.74. Hence, EBITDA increased by 32.7 per cent year on year.
SIX Group Registers Highest Weekly Trading Turnover in March
The Group’s business unit Securities & Exchanges, which covers the operations of the SIX Swiss Exchange, delivered a profit of CHF 128.7 million in the first half of this year. This represents a 59.4 per cent increase in profit against the prior corresponding period, which was boosted by higher trading and post-trading activities.
“In March, SIX registered the highest weekly trading turnover in its history. The record-high volatility during that time was managed without any problems,” SIX Group said in its statement today.
“Stable and secure financial market infrastructures are crucial, especially in highly volatile times. They guarantee that all participants of capital markets can rely on the orderly functioning of exchanges. This has never been more apparent than during COVID-19.”
During H1 of 2020, SIX successfully completed the acquisition of a controlling stake in Bolsas y Mercados Españoles (BME). For the period of the closing of the acquisition until the end of June this year, profit contribution from BME was CHF 15.1 million.
SIX Group Ltd, operator of the SIX Swiss Exchange, has published its financial results for the first half of 2020, revealing an overall solid period for the company, despite the challenges presented by the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term pandemic.
During the first half of the year, SIX reported CHF 624.1 million in operating income. When measuring this number against the operating income achieved in the first half of 2019, it is stronger by 13.1 per cent.
According to the report, the uptick in operating income was mainly due to amplified trading activity caused by heightened market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term. This was a result of the uncertainty surrounding the coronavirus pandemic.
Group net profit was reported at CHF 184.2 million for the first six months of the year and earnings per share closed out the period at CHF 9.74. Hence, EBITDA increased by 32.7 per cent year on year.
SIX Group Registers Highest Weekly Trading Turnover in March
The Group’s business unit Securities & Exchanges, which covers the operations of the SIX Swiss Exchange, delivered a profit of CHF 128.7 million in the first half of this year. This represents a 59.4 per cent increase in profit against the prior corresponding period, which was boosted by higher trading and post-trading activities.
“In March, SIX registered the highest weekly trading turnover in its history. The record-high volatility during that time was managed without any problems,” SIX Group said in its statement today.
“Stable and secure financial market infrastructures are crucial, especially in highly volatile times. They guarantee that all participants of capital markets can rely on the orderly functioning of exchanges. This has never been more apparent than during COVID-19.”
During H1 of 2020, SIX successfully completed the acquisition of a controlling stake in Bolsas y Mercados Españoles (BME). For the period of the closing of the acquisition until the end of June this year, profit contribution from BME was CHF 15.1 million.