SIX Swiss Exchange Posts a 30% Decline in Trading Turnover for April

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 unveiled its trading volumes for April 2022, noting that its trading turnover reached CHF 106.5 billion. According to the report, the number was 30% less than in March, while the number of transactions fell by 36.7% to a total of 4,386,692.

At the end of the month, the SMI fell 0.3% to 12,128.8 points, SIX Swiss Exchange noted. One of the biggest trading days of the year occurred on April 6, when securities worth CHF 9.7 billion changed hands. The most trades took place on April 27, with 290,643. NESTLE N generated the highest turnover of CHF 11.7 billion during the reporting month; ROCHE GS was the most actively traded stock with 324,279 transactions.

The trading turnover for products based on 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 in April was CHF 195.2 million. A total of 12,775 transactions were completed for 183 products. AETH, an ETP based on Ethereum, recorded the highest turnover and most transactions, with CHF 32.5 million and 1,569 trades.

Surge in Trading Turnover for March

In March’s report, 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. Also, ROCHE GS was the most traded stock with 433,321 transactions. 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.