SIX Swiss Exchange Volumes Bounce Back in October, Coming Off 2017 Lows

Trading turnover at the exchange’s venues had a combined nominal value of CHF 107.3 billion (roughly $106.9 billion).

Switzerland’s principal exchange, the SIX Swiss Exchange, saw a mild uptick in trading turnover during October 2017, with volumes aggregating to CHF 107.3 billion, taking a step forward compared to the last two months’ metrics which were the weakest result this year in terms of both trading turnover and number of transactions.

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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 107.3 billion (roughly $106.9 billion at today’s rates) in October, up 4 percent from CHF 102.4 billion ($105 billion) in September 2017.

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In terms of the total number of transactions, the volumes came in at 4.39 million, a gain of 9.6 percent month-on-month compared to 4.0 million transactions reported for September 2017.

The bourse noted in the press release that its year-to-date volumes, through end of October 2017, were higher by 9.3 percent versus the same period in the previous year, coming in at 42.7 million trades. This effect was apparent in trading turnover as well after rising 8.0 percent over the same period and totalled CHF 1.13 trillion ($1.01 trillion) 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. A total of 31 new CHF bond issues, up 34.8 percent month-over-month, and 3,106 new structured products and warrants, down 5.7 percent month-over-month, were admitted to trading in October. As a result, a total of 223 new CHF bonds (+1.8%) and 29,824 new structured products and warrants (+0.8%) have been listed since the start of the year.

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