SIX Swiss Exchange listed more than 100,000 structured products in 2023 – a record.
ETF listings, with two new issuers bringing the total to 28 and products to 150, hit 1,700 on the SIX Swiss Exchange. With the launch of the ETF QOD Europe platform in December, trading participants now have a choice of around 6,000 ETFs, as the new service provides access to ETFs listed on other European trading venues combined with efficient straight-through processing with settlement into domestic Central Security Depositories (CSDs). This constitutes the first such offering by a regulated primary exchange, SIX said.
New bond listings also saw an uptick with 437 listed, a 3.8% increase YTD. The fixed income asset class also witnessed a significant increase in turnover of 10.7% from 2022, reaching CHF 171.6 billion (US$201.7bn), alongside a substantial 32.6% increase in the number of transactions.
André Buck, global head of sales and relationship management at SIX Swiss Exchange, said: “As we enter 2024, we’re proud to be able to offer a substantially increased product range for investors. In our structured product segment alone, we’re allowing them to manage their portfolios with over 60,000 products available on a regular basis. Below average trading activity across Europe in 2023 is clear to see. However, we believe this is a cyclical phenomenon, not a structural one. As such, we anticipate that 2024 could see a higher number of listings and trading turnover across asset classes.”
“SIX Swiss Exchange has implemented several future-focused innovations over the last year, including Auction Volume Discovery (AVD) and the ETF QOD Europe platform, allowing trading participants to find liquidity more efficiently in Swiss equities and achieve best execution across European ETFs. These advancements aim to ensure that market participants can navigate market conditions and manage their investment portfolios as effectively as possible in 2024,” Buck added.
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