SIX Swiss Exchange Reports Healthy Growth in Trading in September

Growth in trading turnover and volume recorded despite fewer trading days compared to previous year.

Switzerland’s principal exchange, the SIX Swiss Exchange, has released its trading data report for the month of September 2017. The exchange has posted a significant increase in turnover in both monthly and year-to-date figures despite fewer trading days.

Trading platforms turnover year to date increased by 7.1 percent to CHF 1.021 trillion ($1.05 trillion) and by 8.4 percent to CHF 102.4 billion ($105 billion) month-on-month. Total transactions during the year increased by 7.7 percent to 38.3 million trades and declined by 4.5 percent to 4 million transactions month-on-month. Average daily turnover at the exchange stood at CHF 5.4 billion ($5.54 billion) year to date.

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On the exchange, NESTLE N was the most active stock in September with a trading turnover of CHF 10.3 billion ($10.56 billion) and 0.23 million trades. The busiest day on the exchange was recorded on September 15th, which is also referred to as a triple witch because the day was the third Friday of the third month in the quarter, which is when futures and options expire.

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The equities including funds + ETPs was the largest segment in the monthly turnover data. The segment expanded by 9.3 percent in the month to CHF 81.2 billion ($83.27 billion) but recorded lower transactional volumes to 3.8 million (down by 4.5 percent) compared to previous month. The CHF bonds segment recorded a 3.9 percent increase in turnover to CHF 10.2 billion ($10.46 billion) and volumes climbed by 12.8 percent to 28,315. The ETFs segment recorded a 15.4 percent increase in turnover at CHF 8.1 billion ($8.31 billion) with an almost flat trading number of 72858 compared to previous month. The structured products and warrants segment were the laggards with a 20.2 percent decline in volume to CHF 1.1 billion ($1.1 billion) and 17.5 percent decline in trades to 44625.

During the month, 23 new CHF bonds (+228.6 percent) and 3,294 new structured products and warrants (+17.9 percent) were admitted to trading. The performance of all leading indices was positive during the month, including the Blue Chip SMI index (2.6 percent), SLI Swiss Leader Index (+3.6 percent) and the broader-based SPI (+2.7 percent). The SBI AAA-BBB Total Return declined against the previous month by 0.8 percent close at 135.8 points.


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