SIX Swiss Exchange saw a 6.9% growth in turnover (over CHF 85bn) in October, and 18.9% more transactions, compared to the previous month.
Speaking exclusively to BEST EXECUTION, André Buck, global head sales and relationship management at SIX Swiss Exchange, said: “Compared to the previous month, all our trading segments except for structured products saw more turnover in October, most notably bonds, with a 19.3% increase.”
“With CHF 85.2 bn, trading turnover was 6.9% higher in October than in September, and also 7.4% higher than in October 2022. With regards to the number of transactions, all segments saw substantial growth over last month, with a 19% increase overall,” Buck added.
“For the full year (YTD) however, turnover lags behind 2022 by 17.1%, with ETFs taking the biggest dip (-42.2%). SIX Swiss Exchange is experiencing the same multi-year low as its incumbent peers, albeit defending its market share in its primary-listed equities a bit more successfully,” Buck told BEST EXECUTION.
Exchange Traded Fund (ETF) turnover increased 32.6% YoY in October, bolstered by a 14.1% increase in October month-on-month, resulting in more than CHF 5,000mn (US$5.6mn) in turnover.
New structured products listings reached 9,241 across October, constituting a 14.5% increase from September and continuing the strong growth trend witnessed across Q3, the firm said.
Fixed income trading in October saw the largest month-on-month jump, with a 19.3% increase in turnover.
The Swiss stock exchange also saw bond listings increase by 6.3% year-to-date (YTD).
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