SIX Swiss Exchange Reports Weak Volumes for February 2017

Switzerland’s principal Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, the SIX Swiss Exchange, today released its February 2017 trading update, which saw a weak performance across various segments compared to the prior month and also when weighed against its 2016 equivalents.

The statistical report shows that trading turnover at the exchange’s venues, including on SIX Structured Products Exchange Ltd, had a combined nominal value of CHF 108.04 billion (roughly $107.25 billion at today’s rates) in February, down -10.3 percent from CHF 120.09 billion ($119.2 billion) in January 2017. Across a yearly interval, the figure was also lower by -11.5 percent from CHF 122.13 billion ($121.2 billion) in February 2016.

In terms of the total number of transactions, the volumes were numbered at 3.97 million, also a loss of -5.4 percent month-on-month compared to 4.2 million transactions reported for January 2017. Moreover, the exchange’s volume was lower by -22.1 percent relative to 5.1 million in the same month of last year.

The Swiss key bourse noted in the press release that its year-to-date volumes, through end of February 2017, were lower by -16.0 percent versus the same period in the previous year. This effect was apparent in trading turnover as well which declined -2.8 percent over the same period and totalled CHF 228.4 billion ($226.8 billion) as of last month.

The Zurich-based market operator also said that trading volumes on the structured products and warrants segment in the first two months of 2017 were a way off from the figures set back in ‎2016. SIX Swiss Exchange reported the number of transactions at 100,633 which reflects a full -32.3 percent decline year-on-year. The product turnover was also lower by -23.9 percent to CHF 2.47 billion ($2.45 billion).