SIX Swiss Exchange Posts Trading Turnover of CHF 115.1 Billion in November

SIX Swiss Exchange reported its trading metrics for November 2021 today. The 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 posted substantial growth in trading turnover and the number of transactions in the last month. With a month-on-month (MoM) increase of 24%, trading turnover on the SIX Swiss Exchange reached 115.1 billion in November 2021.

However, the total number of transactions reached 5,506,130, which is an increase of 13.5% compared to the previous month. Since the start of 2021, the overall trading turnover on the SIX Swiss Exchange reached CHF 1,183.3 billion with a total of 58,090,499 transactions.

The details shared by the exchange indicate that the highest single-daily trading turnover was recorded on 30 November. A total of 363,774 trades were recorded on that date. In terms of trading activity across products related to 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, SIX saw a mixed picture last month.

“The highest turnover on a single trading day was recorded on 30 November, which saw securities worth a total volume of CHF 11.3 billion changing hands. The highest number of trades was also recorded on 30 November, with 363,774. The stock that generated the highest turnover during the reporting month was NESTLE N with CHF 8.8 billion; ROCHE GS was the most traded stock with 284,817 transactions. In November, products with cryptocurrencies as underlyings reached a trading turnover of CHF 749.4 million (-13.8% compared to the previous month),” the exchange noted.

Crypto Products

SIX is known as one of the world’s leading platforms for innovative crypto products. Prominent global financial service providers selected SIX to launch crypto ETPs during the first half of 2021. In January, CoinShares launched a Bitcoin ETP on SIX. Although, in the latest report, SIX highlighted a jump in the overall transactions of crypto-related products despite a dip in trading turnover.

"In total, 150 products were traded on the Swiss stock exchange, and 36,070 transactions were concluded (+11.0% compared to the previous month). The highest turnover and the most transactions in November were recorded by ETPs: ASOL on Solana with CHF 87.9 mn and AETH on Ethereum with 4,905 trades," SIX added.