In recent news, SIX Swiss Exchange has observed a decrease in equities trading turnover, as reported by Markets Media. Despite this decline, the exchange has shown resilience and stability in its operations. Throughout December, SIX Swiss Exchange, along with BME Exchange, experienced a successful year marked by robust trading activity and the introduction of new products.
SIX Swiss Exchange disclosed a trading turnover of CHF 791.9 billion, with a total of 44.6 million transactions carried out. This performance, although slightly lower than the previous year’s figures of CHF 802.5 billion and 43.5 million transactions, still showcases the exchange’s strength. The Swiss blue chip index SMI® closed at 11,600.9 points, reflecting a 4.2% increase. Additionally, the bond market demonstrated solid results by raising CHF 104 billion in 2024, marking the third consecutive year of surpassing the CHF 100 billion mark in issuances.
Similarly, BME Exchange witnessed positive outcomes in 2024. The Spanish equity market saw a 6% rise in trading volume, amounting to EUR 318 billion. The IBEX35® index showed a significant increase of 14.8%, with a total return of 20% when factoring in dividends distributed during the year. Notably, derivatives trading experienced a surge, with a notable uptick in IBEX 35 Options volume and Energy derivatives trading.
Both exchanges expanded their product and service offerings, with SIX Swiss Exchange introducing six new issuers across ETFs, ETPs, and investment funds. The number of available ETFs reached 1,885, with 254 new additions in the past year. Furthermore, the listing of structured products hit a record high, underscoring the trend of product innovation. SIX Swiss Exchange also saw a notable increase in underlyings for crypto products, solidifying its position as a leading exchange in this sector.
SIX Swiss Exchange hosted two of Europe’s largest IPOs in 2024, with significant listings such as Galderma and Puig. On the other hand, BME Exchange’s growth market, BME Growth, raised EUR 573.5 million for the 23 companies that went public during the year. The market also witnessed the addition of new issuers and an increase in financing, including green, social, or sustainable bond issues.
André Buck, Head of Debt Capital Markets, Exchanges, at SIX, emphasized the exchange’s strong performance throughout 2024, highlighting its dedication to innovation and client value. The growth in key metrics, such as trading activity, listings, and capital-raising efforts, across both exchanges underscores SIX’s position as a prominent player in the European financial market infrastructure.
In conclusion, despite the decrease in equities trading turnover, SIX Swiss Exchange remains a resilient entity with a diverse product range and a commitment to driving innovation in the financial market. The exchange’s performance in 2024 exemplifies its ability to adapt to market dynamics and deliver value to its stakeholders.
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