Switzerland’s principal exchange, the SIX Swiss Exchange, today released its November 2016 trading update, which saw positive flows across various segments when weighed against its October’s equivalents.
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The statistical report shows that trading turnover at the exchange’s venues, including on SIX Structured Products Exchange Ltd, had a combined nominal value of CHF 125.8 billion (roughly $124.18 billion at today’s rates) in November, a good jump of +36.6% from just CHF 91.8 billion ($90.62 billion) in the month prior. In addition, the total number of transactions were numbered at 4,681,692, up 32.8% compared to 3,525,653 transactions reported for March.
The Swiss key bourse noted in the press release that its year-to-date volumes, through end of November, were lower by -8.2% versus the same period in the previous year of 2015, and how that effect was apparent in trading turnover as well which declined -8.0% over the same period and totalled CHF 1,171.6 billion ($1,156.56 billion) as of last month.
Zurich-based market operator also said that trading on the structured products and warrants segment was brisk and posted the highest growth in November 2016. Turnover climbed by by 64.9% to CHF 1.5 billion, while the number of transactions rose by 37.2% to 61,677. The number of trades in the equities including funds + ETPs segment stood at 4,483,977, an increase of 32.6% compared with the preceding month, while turnover increased 35.3% MoM to CHF 98.1 billion.