SIX Swiss Exchange Trading Volumes Shine in March 2017

The exchange witnessed a strong upswing across all its asset classes.

Switzerland’s principal exchange, the SIX Swiss Exchange, saw brisk trading in the month of March 2017, with volumes aggregating to CHF 143.1 billion, the strongest 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 roughly $142.86 billion at today’s rates in March, which marks an impressive increase of 32.2 percent from CHF 108.04 billion from the previous month.

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In terms of the total number of transactions, the volumes were numbered at 4.69 million, also up by 17.8 percent month-on-month compared to 3.97 million transactions reported for February 2017.

The Swiss bourse noted in the press release that its year-to-date volumes, through end of March 2017, were lower by -7.8 percent versus the same period in 2016. However, this effect wasn’t apparent in trading turnover which rose 6.0 percent over the same period, totalling CHF 371.7 billion ($371.08 billion) as of Q1 2017.

The Zurich-based market operator also said that the monthly growth of trading volumes was reflected across all segments. In ETFs, trading turnover advanced 44.7 percent to CHF 12.8 billion, while the number of trades climbed by 17.7 percent to 101,285. In structured products and warrants, turnover was up 18.4 percent to CHF 1.5 billion. Furthermore, the volume of trades rose by 13.1 percent to 55,812.

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