100% Swiss Quality Trading

SIX Swiss Exchange launched new Retail Order Types for trading in the Central Limit Order Book (CLOB), QDM, SwissAtMid and Swiss EBBO with the following variations: Stop Loss (unlimited price) and Stop Limit (limited price).

The new Retail Order Types Stop Loss and Stop Limit allow you to specify a Trigger Price so that your orders will only enter the order book when the Trigger Price has been reached. Once triggered, Stop Loss orders will enter the order book as market orders whilst Stop Limit orders will enter the order book as limit orders.

For all types of investors – including retail investors – these new order types provide more flexibility to adjust their portfolios while enjoying all of the advantages of trading on a regulated exchange like transparency, liquidity, investor protection and equal treatment.

When placed on SIX Swiss Exchange, the orders will sit in close proximity to the matching engine and will enter the order book immediately after being triggered.

For Equity trading in the Central Limit Order Book (CLOB), Retail orders are triggered on the basis of the reference price. In the market models Quote Driven Market (QDM) for ETFs, ETPs and Sponsored Funds as well as Price Validation Market (PVM) for Structured Products, Retail orders are triggered based on the quote of a market maker or liquidity provider on the opposite side or based on the reference price. For further details, please consult the Directive 3: Trading.

Further details on the technical implementation and how the orders are triggered in the different trading segments, please consult the Retail Order One-Pager. 
SIX Swiss Exchange introduced the new Retail Order Types with SMR11 on 15 May 2023. Please contact your bank or broker to use this new SIX Swiss Exchange retail order type.

Switzerland is home to an attractive share universe of over 250 companies, including three of the five biggest in Europe. As their reference market, the Swiss Stock Exchange consistently offers the best prices and the narrowest spreads in combination with the largest volumes.

Besides equities, SIX Swiss Exchange offers trading segments for Bonds, Exchange Traded Funds, Mutual Funds and Sponsored Funds, Exchange Traded Products and Structured Products. In all our segments, we offer unparalleled liquidity.  

SIX Swiss Exchange publishes its monthly “B1G Numbers” to provide the market and wider public with information on the trading and listing activity. This includes the development of trading volumes, the number of trades and the performance our blue chip index SMI, among other highlights. The B1G Numbers are presented by André Buck, Global Head Sales & Relationship Management.