SIX Swiss Exchange Reports Healthy Growth in Trading in September

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.

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.

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.