At the SRP Awards 2024 in London, SIX Swiss Exchange was distinguished as ‘Best Structured Products and Derivatives Exchange’ across Europe and the UK. After its three-year winning streak from 2020 to 2022, this return to the top spot marks the fourth win of SIX Swiss Exchange in the last five years, emphasizing its continued excellence and innovation capacity to drive the industry forward.
A delegation composed of André Buck, Global Head Sales & Relationship Management, Sébastien Neukom, Head Structured Products Sales, and Francesco Marcon Fiastri, Head of Sales Issuer & Reference Data Services (Connexor), accepted the award. The ceremony is a highlight of the SRP Europe conference, the largest gathering of alternative investment professionals taking place for the 21st time in 2024.
Fostering Product Growth and Setting Efficiency Standards
In 2023, new milestones were reached in the Structured Products segment of SIX Swiss Exchange. For the first time ever in December 2023, investors benefitted from a choice of over 60,000 products. And throughout the year, the continuous listing activity of issuers has resulted in another record of over 100,000 new structured product listings on SIX Swiss Exchange, obliterating the previous year’s record of 95,207 new structured products with 102,504.
A special milestone was also reached by CONNEXOR, where the 100th client was welcomed in April 2023. The globally unique reference data platform seamlessly connects data sources such as issuers of financial products with data recipients such as banks, specialized third parties, exchanges, CSDs, or even the media. In 2023 a record-breaking 1.5 million Structured Products from 80 international issuers were submitted to CONNEXOR.
After having become the standard in the Swiss market and being used in more than ten other countries around the world, CONNEXOR has recently continued its international expansion via its connection with the D7 platform of Clearstream, the Deutsche Börse’s post-trade provider.
André Buck commented: “I am more than delighted that we have won the SRP Europe Award for Best Structured Product and Derivatives Exchange. We're proud and thankful to receive the recognition from within our industry for our constant improvement of the trading platform for the benefit of our customers.”
Driving the Growth of Europe’s Structured Products Industry
The SRP Conference took place on 18-20 March 2024 in London and provided a platform to discuss the latest trends and developments in the structured products industry. As part of the many highlights in the program, Sébastien Neukom and Serge Nussbaumer, CEO at payoff.ch, held an informative fireside chat featuring listed structured products and investor preferences. For further details, consult the event page and agenda.
Recognition for Continuous Innovation
This latest SRP Award adds to a series of distinctions received by SIX Swiss Exchange. In 2023, it was named ‘Best Exchange’ at the Leaders in Trading Awards, extending its run of wins at the industry’s most relevant award ceremonies after being named ‘Exchange of the Year’ twice in a row at the Financial News Trading & Technology awards in 2022 and 2021.
In 2023, SIX Swiss Exchange used the period of comparatively low listing and trading activity to pave the way for future growth with two successful SWXess Maintenance Releases. SMR11 and SMR12 introduced several service enhancements, including groundbreaking innovations like ETF QOD Europe and globally unique trading functionalities like Auction Volume Discovery (AVD) or new retail order types.