SIX Swiss Exchange February Volumes Rise 8.3%

Tuesday, 01/03/2016 | 21:02 GMT by Steven Hatzakis
  • February volatility seems to have helped fuel Switzerland's main trading bourse, as it reported transaction totals 10% higher over January.
SIX Swiss Exchange February Volumes Rise 8.3%
Finance Magnates

Switzerland's main investment bourse, the SIX Swiss Exchange , a user-owned company group backed by a consortium of some 140 banks, today published its February 2016 trading metrics showing a 10% increase in transactions and 8.3% rise in turnover month-over-month from January.

The company said it did CHF 234.9 billion worth of turnover, year-to-date, with average daily trading volume at CHF 5.7 billion for the first two months of 2016. During February, the press release cited that over 5.1 million transactions were concluded, across the main SIX Swiss Exchange and SIX Structured Products Exchange business lines, leading to a 10% rise over the prior month and turnover up 8.3% to CHF 122.1 billion,

Equity trading volumes were higher than average, as global stock market Volatility spurred trading volumes for some operators, coupled with currency market volatility that caused repatriations in and out of Europe, including with the Swiss Franc. The group said the volumes included funds and ETPS segments, and transactions climbed 10.5% to just over 4.90 million, a 10.5% rise over January, and turnover rose 12.3% to CHF 99.1 billion for that segment.

CHF Bond transactions also rose nearly 9% but had a negligible impact on overall volume which remained roughly unchanged – down one tenth of a percent – to CHF 12 billion. The ETF segment fell 21.8% to CHF 7.6 billion as the number of trades fell by 3.4% to 87,183 according to the announcement.

Switzerland's main investment bourse, the SIX Swiss Exchange , a user-owned company group backed by a consortium of some 140 banks, today published its February 2016 trading metrics showing a 10% increase in transactions and 8.3% rise in turnover month-over-month from January.

The company said it did CHF 234.9 billion worth of turnover, year-to-date, with average daily trading volume at CHF 5.7 billion for the first two months of 2016. During February, the press release cited that over 5.1 million transactions were concluded, across the main SIX Swiss Exchange and SIX Structured Products Exchange business lines, leading to a 10% rise over the prior month and turnover up 8.3% to CHF 122.1 billion,

Equity trading volumes were higher than average, as global stock market Volatility spurred trading volumes for some operators, coupled with currency market volatility that caused repatriations in and out of Europe, including with the Swiss Franc. The group said the volumes included funds and ETPS segments, and transactions climbed 10.5% to just over 4.90 million, a 10.5% rise over January, and turnover rose 12.3% to CHF 99.1 billion for that segment.

CHF Bond transactions also rose nearly 9% but had a negligible impact on overall volume which remained roughly unchanged – down one tenth of a percent – to CHF 12 billion. The ETF segment fell 21.8% to CHF 7.6 billion as the number of trades fell by 3.4% to 87,183 according to the announcement.

About the Author: Steven Hatzakis
Steven Hatzakis
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About the Author: Steven Hatzakis
  • 787 Articles
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