SIX Swiss Exchange Volumes Decline in July for Second Consecutive Month

by Aziz Abdel-Qader
  • In terms of the total number of transactions, the volumes were numbered at 4.166 million.
SIX Swiss Exchange Volumes Decline in July for Second Consecutive Month
Swiss Stock Exchange, Zurich (Bloomberg)

Switzerland’s principal Exchange , the SIX Swiss Exchange, saw weak trading results in the month of July 2017, with volumes aggregating to CHF 102.2 billion, the weakest result so far 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 102.2 billion (roughly $105.3 billion at today’s rates) in July, down 15 percent from CHF 121.3 billion ($125.6 billion) in June 2017.

In terms of the total number of transactions, the volumes came in at 4.1 million, a drop of 5.4 percent month-on-month compared to 4.4 million transactions reported for June 2017.

The Swiss key bourse noted in the press release that its year-to-date volumes, through end of July 2017, were higher by 4.2 percent versus the same period in the previous year, coming in at 30.1 million trades. This effect was apparent in trading turnover as well which rose 5.9 percent over the same period and totalled CHF 824.7 billion ($849 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. A total of 21 new CHF bond issues (-22.2%) and 2,744 new structured products and warrants (-26.6%) were admitted to trading in July. As a result, a total of 162 new CHF bonds (+1.3%) and 20,630 new structured products and warrants (-4.7%) have been listed since the start of the year.

Switzerland’s principal Exchange , the SIX Swiss Exchange, saw weak trading results in the month of July 2017, with volumes aggregating to CHF 102.2 billion, the weakest result so far this year in terms of both trading turnover and number of transactions.

The London Summit 2017 is coming, get involved!

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 102.2 billion (roughly $105.3 billion at today’s rates) in July, down 15 percent from CHF 121.3 billion ($125.6 billion) in June 2017.

In terms of the total number of transactions, the volumes came in at 4.1 million, a drop of 5.4 percent month-on-month compared to 4.4 million transactions reported for June 2017.

The Swiss key bourse noted in the press release that its year-to-date volumes, through end of July 2017, were higher by 4.2 percent versus the same period in the previous year, coming in at 30.1 million trades. This effect was apparent in trading turnover as well which rose 5.9 percent over the same period and totalled CHF 824.7 billion ($849 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. A total of 21 new CHF bond issues (-22.2%) and 2,744 new structured products and warrants (-26.6%) were admitted to trading in July. As a result, a total of 162 new CHF bonds (+1.3%) and 20,630 new structured products and warrants (-4.7%) have been listed since the start of the year.

About the Author: Aziz Abdel-Qader
Aziz Abdel-Qader
  • 4985 Articles
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About the Author: Aziz Abdel-Qader
  • 4985 Articles
  • 31 Followers

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