SIX Swiss Exchange Sees a 29.5% Surge in Trading Turnover for March

SIX Swiss Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term published its trading volumes for March 2022, noting that its trading turnover hit CHF 152.1 billion. According to the report, it represented a figure of 29.5% more than in the previous month.

Also, the number of transactions rose by 34.7% to a total of 7,644,483. As a result, the SMI advanced by 1.5% and reached 12,161.5 points at the end of the month. March 18 was the day with the highest turnover on a single trading day when securities worth a total volume of CHF 12.1 billion were traded.

With 541,922 transactions on March 7, it was the busiest day for trades. ROCHE GS was the stock with the highest turnover with CHF 14.0 billion during the reporting month; ROCHE GS was also the most traded stock with 433,321 transactions. The trading turnover of cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term as underlyings reached CHF 230.4 million in March. A total of 208 products were traded, and 15,251 transactions were completed. AETH, an ETP on Ethereum, recorded the most turnover and transactions, with CHF 35.3 million and 2,614 transactions, respectively.

Figures from February

In February, SIX witnessed a drop of almost 4% month-on-month in trading turnover. The total number of trades stood at 5,676,276, which is 2.6% lower compared to the previous month.

On February 24, the exchange saw a total volume of CHF 8.2 billion, which is the highest single-day trading turnover for the reported period. Additionally, SIX witnessed the highest number of trades on February 24, as 458,904 trades were executed on the mentioned date.

Amid global volatility and rising interest from investors, the SIX Swiss Exchange has witnessed a rise in trading activity during the last two years. Furthermore, with the launch of crypto products, the exchange has gained popularity among traders of the emerging asset class.

SIX is gradually becoming a hub for the trading of crypto products. In September last year, SIX Digital Exchange received regulatory approval from FINMA, the Swiss Financial Market Supervisory Authority, to operate a Stock Exchange and a central securities depository for digital assets in Switzerland.