Growing Choice for Crypto-Currency Investors on the Swiss Stock Exchange

Today, the Swiss Stock Exchange welcomes a new ETP issuer: ETC Group lists their Bitcoin ETP “BTCetc”, taking the number of ETP providers to six and the number of ETPs to 34. Christian Reuss, Head SIX Swiss Exchange, commented: “We welcome ETC Group to the family of ETP providers offering their products on the Swiss Stock Exchange. With the new ETP, investors gain access to 100 different crypto products trading on our platform and enjoy even more opportunities to diversify their portfolio.”

Thanks to the multicurrency capabilities of the Swiss Stock Exchange, the newly listed product BTCE is available in Swiss francs (CHF), pound sterling (GBP) and US dollars (USD). It tracks the price of Bitcoin and is 100% physically backed. ETC Group is specialized in developing innovative digital asset-backed securities and is backed by a number of major London-based financial institutions.

Leading Regulated Marketplace
The Swiss Stock Exchange is an ideal distribution network for companies looking to gain access to Switzerland’s highly capitalized international investor base and tap into new growth potential. For investors, this results in a unique securities universe, encompassing some of Europe’s most important shares, a large bond offering and a broad choice of ETFs & Funds, ETPs as well as structured products to cover a wide spectrum of investment needs.

With the listing of the Bitcoin ETP by ETC Group, the Swiss Stock Exchange is further strengthening its position as the world’s leading regulated marketplace to trade products with crypto-currencies as underlyings. ETPs and structured products combined, the billion barrier in trading turnover has been surpassed for the first time in 2020 with CHF 1.1 bn. The number of trades in products with crypto-currencies as underlyings also reached a new record of 48,024.
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Investor Protection and Transparency
SIX operates one of the world’s most stable exchanges. The Swiss Stock Exchange brings together buyers and sellers from around the world on one central platform, maximizing liquidity. Trading is monitored continuously by specialists to make sure investors are treated equally and well protected. They also ensure that every trade is executed at a fair price. To guarantee maximum levels of transparency which allow investors to make the right decisions, we provide extensive trading information on our website.

In 2020, the Swiss Stock Exchange continued to provide financial market participants with innovative, value-adding new services in the areas of reference data, connectivity and trading functionalities. We enhanced trading in the three segments Equities, ETFs and Structured Products with the respective introductions of Trading-At-Last (TAL), Quote on Demand (QOD) and Price Validation Market Model (PVM). By providing clients with additional sources of liquidity and functionality, SIX is paving the way for additional volumes to be executed over the exchange.

SIX Trading Key Figures: Year 2020

In a globally challenging environment, various extraordinary events led to persistently high market volatility. Despite the turbulent market developments, the record-high volumes were managed by the Swiss Stock Exchange without any problems. Discover more.