SIX Swiss Exchange April Volumes Lifted but Transactions Dipped from March

Switzerland’s key bourse, the 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, today released its April 2016 trading update, showing turnover increasing by 9.7% over the prior month while the number of transactions declined by 12% over the same period.

The statistical report shows that trading turnover at the exchange's venues, including on SIX Structured Products Exchange Ltd, had a combined nominal value of CHF 127 billion (roughly $129 million at today's rates) in April, while the total number of transactions fell to just over 3.7 million compared to 4.2 million transactions reported for March.

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SIX Swiss Exchange noted in the press release that its year-to-date volumes, through end of April, were lower by 3.5% compared to the same period last year – because of the record-high reached in January 2015, and how that effect was apparent in trading turnover as well which declined 10.6% over the same period and totaled 477.9 billion CHF as of last month.

The largest IPO in Europe came to fruition in April on the SIX Swiss Exchange, after VAT Group AG (ticker VACN) went public with an opening price of 52.00 CHF which valued the firm at CHF 1.56 billion in terms of its total market capitalization.

Trading on the exchange's new bilateral Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for structured products also took place in mid-April, after its XBTR platform saw its first participants including Leonteq and Credit Suisse, according to the update. The news follows after the company recently reported its Q1 financials as covered by Finance Magnates in a related post.