SIX Swiss Exchange Reports Lacklustre Volumes for June 2017

Trading turnover across all the securities traded on SIX Swiss totaled CHF 723.6 billion in the first half of 2017.

Switzerland’s principal exchange, the SIX Swiss Exchange, saw weak trading results in the month of June 2017, with volumes aggregating to CHF 121.3 billion, the second weakest print so far this year in terms of both trading turnover and number of transactions.

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 121.3 billion (roughly $125.6 billion at today’s rates) in June, down 8.4 percent from CHF 132.09 billion ($136.77 billion) in May 2017. Across a yearly interval, the figure was slightly higher by 2.6 percent from CHF 118.12 billion ($122.33 billion) in June 2016.

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In terms of the total number of transactions, the volumes were numbered at 4.4 million, also a loss of 10.2 percent month-on-month compared to 4.9 million transactions reported for May 2017. Moreover, the exchange’s volume was higher by 0.9 percent relative to 4.36 million in the same month of last year.

The Swiss key bourse noted in the press release that its year-to-date volumes, through end of June 2017, were higher by 2.1 percent versus the same period in the previous year, coming in at 25.94 million trades. This effect was apparent in trading turnover as well which rose 5.3 percent over the same period and totalled CHF 723.6 billion ($749.45 billion) as of last month.

The Zurich-based market operator also said that equities segments, including funds plus ETPs and ETFs, were the main contributors to this rise. The non-CHF bonds segment saw the biggest increases, with turnover up 44.3 percent and a rise of 17.5 percent in the number of trades. Conversely, turnover and the number of trades fell in the CHF bonds and structured products and warrants segments.

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