SIX Swiss Exchange reported a decrease in trading turnover for 2023, dropping from CHF 1,208.1 billion the previous year to CHF 1,046.3 billion. A statement from the exchange, released today (Wednesday), indicated a downturn in transaction volumes, which totaled 46,094,349 compared to the previous year's 60,810,665.

Listing Activities and Market Expansions

Ten companies chose the SIX Swiss Exchange for equity listings, aggregating approximately CHF 2.2 billion in transaction volume. Notably, the listing of Sandoz, a spin-off from Novartis, marked a significant event with a market capitalization of around CHF 10.5 billion.

Additionally, the introduction of R&S Group via a business combination with VT5 Acquisition Company highlighted the addition of the first Swiss Special Purpose Acquisition Company to the entities listed on SIX.

SIX's listed companies utilized the Swiss capital market, raising around CHF 8.3 billion through equity capital. Debt capital instruments, especially bonds, experienced substantial activity. Around CHF 116 billion was raised through these instruments. This figure surpassed the CHF 100 billion mark for the second consecutive year.

BME Exchange's Trading Volumes

BME Exchange posted an uptick in trading volume, closing the year with 2.29 billion trades. This represents an increase of 2.1% from the previous year. The platform's market capitalization surged 16.8% to 1.2 trillion euros.

The fixed-income markets at BME registered a significant increase in new funding, amounting to EUR 405 billion. This marked a boost of 8.7%, driven by the new Securities Markets Act. Besides that, the introduction of BME Growth welcomed ten new companies.

Last year, the SIX Swiss Exchange launched ETF QOD Europe, according to a report by Finance Magnates. This service aims to enhance the trading experience across various European markets, including the London Stock Exchange, Euronext, and Nasdaq Stockholm.

Catering to the increasing demand for diverse execution mechanisms, SIX's ETF QOD Europe aims to enhance liquidity, offer better prices, and expand listings.

This approach, which involves collaboration with CCP SIX x-clear, Cboe Clear Europe, and LCH Ltd, mitigates counterparty risk, streamlines settlement processes, and optimizes costs for trading participants, the exchange said.