Switzerland's Big Bang – The history of the SWX Swiss Exchange

Switzerland's Big Bang – The history of the SWX Swiss Exchange

In 1996, the last cantonal bastions of floor trading in Switzerland – the stock exchanges of Zurich, Geneva and Basel – closed their doors, and the Swiss Exchange, as the SWX Swiss Exchange was then called, launched its electronic trading platform. This concluded the most visible and controversial phase of a comprehensive stock exchange reform that has affected practically all aspects of Switzerland's exchange environment.

Legally, the Swiss Exchange was founded in 1993, but actually, it succeeded the Association of Swiss Exchanges (Vereinigung der Schweizer Börsen, VSB) on the one hand and the stock exchanges of Zurich, Geneva and Basel on the other. So at the very least, the history of the SWX goes back to this reform. In fact it goes back even further to the early history of Swiss stock exchanges.

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