Switzerland’s principal exchange, the SIX Swiss Exchange, today released its December 2016 trading update, which saw positive flows across various segments when weighed against its 2015 equivalents.
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 107.53 billion (roughly $106.79 billion at today’s rates) in December, a good jump of 8.6% from just CHF 99.0 billion ($98.33 billion) in December 2015. However, the total number of transactions were numbered at 3.811 million, slightly down 1.5% compared to 3.86 transactions reported for December of last year.
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The Swiss key bourse noted in the press release that its overall volumes, through end of December 2016, were lower by -7.7% versus the same period in the previous year of 2015, and how that effect was apparent in trading turnover as well which declined -6.8% over the same period and totalled CHF 1,372.5 billion ($1,363.5 billion) as of last month.
Zurich-based market operator also said that trading volumes on the structured products and warrants segment in 2016 were a way off from the company’s peak of CHF 26.89 billion ($26.71 billion) set back in 2015, which reflects a full 39.1% decline. The number of transactions was also lower by 23.0% to 666,799.
Chris Landis, Division CEO SIX Swiss Exchange, commented: “In 2016, we continued to demonstrate our capacity for innovation. The rollout of two platforms and several new services gives customers and investors in Switzerland and abroad more opportunities for diversifying their investment portfolios. We also facilitate access to leading international financial markets. The successful year had been crowned by winning the “Exchange of the Year” award at the Structured Products Awards Europe 2016.”