US-Based Global X Joins SIX as a New ETF Issuer

SIX, an operator and provider of infrastructure services for the Swiss and Spanish Stock Exchanges, announced that Global X, a New York-based provider of global 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-traded funds (ETFs), has joined SIX as a new ETF issuer today.

According to an official announcement shared by SIX, Global X has joined the platform as the second new issuer of ETFs in 2021. Earlier this year, SIX welcomed Tabula as an ETF issuer. Overall, Global X became the 9th product issuer to join SIX this year.

With the joining of two funds by Global X, SIX now has a total of 1,539 ETFs, listed by 27 issuers.

“Investors increasingly turn to SIX in order to trade ETFs. In 2020, a record 1.67 million ETF trades were executed on the Swiss Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term, and on top of that, in the first half of the current year, on-exchange ETF trading has seen further growth. A warm welcome to Global X newly offering their thematic ETFs on our exchange”, Christian Reuss, Head of SIX Swiss Exchange, said.

On 8 July 2021, SIX announced the launch of a new dedicated segment for SMEs.

Global X ETFs

Founded in 2008, Global X has a wide range of products, including 80 ETF strategies and more than $30 billion in assets under management. Global X is a part of Mirae Asset Financial Group, a global financial giant that has more than $550 billion worth of assets under management. “The two funds by Global X bring the total number of ETFs traded at SIX to 1,539, listed by currently 27 issuers. 234 classify as themed ETFs, including the two new Global X ETFs. Trading turnover in themed ETFs accounts for CHF 7.35 bn in the first half of the current year, which is 44.7% more than in the same period 2020, and with these themed ETFs contribute 17.1% to the total ETF trading turnover of CHF 42.9 bn in the first half of 2021,” the exchange added.