SIX Witnesses a Total Trading Turnover of CHF 113.7 Billion for June 2021

The Switzerland Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (SIX) released its trading numbers on Thursday for June 2021. According to the report, the total trading turnover on the exchange hit CHF 113.7 billion in June, which is 21.1% more than in May, while transactions grew by 5.1% to a total of 4,786,124. Overall, SIX has witnessed a trading turnover that reached CHF 694.5 billion with 33,654,356 transactions.

As stated in the announcement, the exchange saw its highest turnover on a single trading day on June 18, whose securities were worth a total volume of CHF 12.2 billion. “The highest number of trades was also recorded on June 18, with 311,612. The stock that generated the highest turnover during the reporting month was ROCHE GS with CHF 11.4 billion; it was also the most traded stock with 325,876 transactions,” SIX noted.

Crypto Products

Additionally, SMI® index set its benchmark at 11,942.7 points at the end of June, which is up 5.1% in a month-over-month reading. The stock with the highest turnover for the month was ROCHE GS, which saw CHF 11.4 billion exchanging hands at SIX. Moreover, assets with cryptos hit a trading turnover of CHF 377.3 million with 20,602 trades.

“In the first half of the year, trading turnover in crypto products amounts to around CHF 5.0 billion with 173,638 trades. This means that the first half of the year exceeds the trading turnover of the entire previous year by 216%. A total of 129 products 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 recorded a trading turnover in the first half of the year,” the report said. That said, the most traded crypto-related product was ZXBTAV with CHF 575 million.

Last month, Finance Magnates reported that the exchange witnessed a drop in the trading turnover for May, as the number reached CHF 93.5 billion, which is down by 14.8% compared to April 2021.