After a very successful year 2017 with growing volumes and an increase in market share, SIX Swiss Exchange also registered a strong start in 2018. At the end of February, overall year-on-year trading turnover saw an increase of 8.7% to reach close to CHF 250 billion - of which CHF 200 billion were traded in equities, up by 10%.
In an interview (see below), Tony Shaw, Director London Office, points out the other reasons besides market volatility that have contributed to an impressive growth so far this year. These include the introduction of bitcoin certificates on SIX Swiss Exchange which have boosted turnover in the structured products segment and continued strong investor demand for ETFs on the back of yet another record year in 2017.
Tony Shaw also shares his observations regarding the introduction of regulatory changes, specifically on tick sizes changes as well as double volume caps. He explains the impact tighter spreads have had on order sizes and the effect of the introduction of double volume caps on SIX Swiss Exchange's own non-displayed pool, SIX Swiss Exchange At Midpoint (SwissAtMid).
The interview was filmed by The Trade during the EMEA Trading Conference 2018, where SIX Swiss Exchange was present with a booth.
Trade and turnover figures for SIX Swiss Exchange are available in the statistical monthly report. Our website provides daily figures for volume and turnover. Detailed figures on ETFs and structured products are provided in the respective reports on a quarterly and monthly basis.
SwissAtMid allows the execution of Swiss equities in a non-displayed pool at the mid-point of the lit order book of SIX Swiss Exchange. With a trading turnover of CHF 4.7 billion in 2017, SwissAtMid has significantly contributed to the impressive market share in trading of Swiss large cap equities of 68.3% (up from 64.6% in 2016).