SIX Swiss Exchange June Statistics Include Record Volume After Brexit

Switzerland-based 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 reported today its June 2016 trading statistics and noting that the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term led to increased trading activity, as securities trading turnover rose 29.7% to CHF 118.1 billion from May’s total of CHF 91.09 billion, and as the number of trades also rose by 29.1% to nearly 4.37 million transactions.

Last month SIX Swiss Exchange had its third listing after Investis Holdings SA completed a successful IPO on June 30^th, and the exchange also welcomed Jane Street Financial Ltd as its first new participant for the year. SIX Swiss Exchange also noted that it is taking over the distributions and marketing activities from STOXX AG for its Swiss indices, as explained in the update.

Brexit Lifts June Volumes

SIX Swiss explained that it recorded a significant increase in trading following the Brexit referendum, and said that the 395,787 transactions from its main exchange and structured products exchange were traded on June 24^th and was the fourth-highest number of trades in its history.

However, the year-to-date totals that were just boosted from June’s figures and reached nearly 25.42 million transactions were still overshadowed by 3.6% compared to the same YTD period in 2015 as the SNB crisis had driven record-high transactions in January 2015. The exchange noted the same trend was observed in turnover which fell 8.7% to CHF 687.1 billion compared to the same period year-over-year, compared to volumes which can be seen in an excerpt below from the June report.