SIX Swiss Exchange April Volumes Lifted but Transactions Dipped from March

Switzerland’s key bourse, the SIX Swiss Exchange , 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.

The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

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 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.