Combined Key Figures SIX Swiss Exchange & BME Exchange

Combined Figures*

Month

MOM Change

YOY Change YTD YTD Change

Turnover in CHF mn

114,071

-17.0%

1.5%

1,498,874

-9.3%

Turnover in EUR mn

122,398

-14.8%

1.5%

1,608,292

-9.3%

Transactions

5,911,208

-11.9%

-5.0%

74,714,841

-25.1%

SMI

11,137.8

2.6%

3.8%

n.a.

3.8%

IBEX 35

10,102.1

0.4%

22.8%

n.a.

22.8%

*includes all respective trading segments for SIX Swiss Exchange and BME Exchange (except Financial Derivatives); for indices, ‘YTD Change’ refers to the change since beginning of the year. Exchange rate provided by the SIX currency converter.

Key Figures SIX Swiss Exchange

  • Trading turnover full year 2023: CHF 1,046.3 billion (previous year: CHF 1,208.1 bn) with 46,094,349 transactions (60,810,665).
  • Swiss blue chip index SMI® at 11,137.8 points (+3.8% versus the end of 2022)
  • 10 companies completed successful listings
  • 5 new product issuers and 1 trading participant joined

In the year 2023, ten companies chose to issue and list equity securities on SIX Swiss Exchange – with an aggregated transaction volume of around CHF 2.2 billion equivalent. The highlight of the year was the listing of Sandoz, the spin-off from Novartis, with a market capitalization of around CHF 10.5 billion. As the novelty of the year, R&S Group can be named as the company listed at SIX Swiss Exchange via a business combination with VT5 Acquisition Company, the first SIX-listed Swiss Special Purpose Acquisition Company (SPAC). And in addition, eight Chinese issuers listed Global Depository Receipts (GDRs) raising around USD 2.4 billion. Equally important is the fact that companies that are already listed made active use of the Swiss capital market and were able to raise around CHF 8.3 billion via equity capital increases in the past year (CHF 7.0 billion in 2022).

Around CHF 116 billion (CHF 114 billion in 2022) were raised by debt capital instruments (CHF 110 billion in 2022), exceeding the CHF 100 billion mark for the second time in a row. In total, the bond segment saw 436 new listings (393 in 2022), of which around 90% were denominated in Swiss Francs.

In the product segments, five new issuers joined SIX Swiss Exchange over the course of the year: the ETF issuers AXA Investment Managers and First Trust, the ETP issuer CAT Financial Products as well as the two investment fund issuers Zurich Invest Ltd and Sustainable Real Estate AG, adding two more real estate funds to the existing offering of 46 actively managed investment funds. In 2023, the number of both ETFs and structured products available to investors reached new records, with 1,700 and 60,000 respectively. For the first time, the number of newly listed structured products in a year passed the 100,000 threshold, reaching 102,504 (2022: 95,207), while 150 new ETFs were listed. 

Segment

Month (in CHF mn)

MOM Change

YOY Change YTD YTD Change

Turnover Equities**

57,773

-12.2%

-9.1%

802,466

-15.2%

Turnover Fixed Income

23,065

-5.6%

104.7%

171,602

10.7%

Turnover ETF

5,377

-46.9%

33.3%

64,222

-31.9%

Turnover Securitized Derivatives

551

-20.0%

-14.4%

7,965

-34.4%

Turnover Total

86,766

-14.1%

9.1%

1,046,254

-13.4%

 

 

 

 

 

 

 

Month

MOM Change

YOY Change

YTD

YTD Change

Transactions Equities**

3,395,531

-11.7%

-10.2%

43,548,082

-25.3%

Transactions Fixed Income

34,719

-19.6%

2.2%

442,353

32.6%

Transactions ETF

151,008

11.0%

24.3%

1,715,359

2.0%

Transactions Securitized Derivatives

28,861

-2.0%

-5.4%

388,555

-27.0%

Transactions Total

3,610,119

-10.9%

-9.0%

46,094,349

-24.2%

**incl. Funds + ETPs

Product Listing

Month

MOM Change

YOY Change YTD YTD Change

Number Product Listings Fixed Income

24

-38.5%

-27.3%

437

3.8%

Volume Listed via Fixed Income  (CHF mn)

5,238

-56.6%

-23.1%

116,093

1.6%

Number Product Listings Securitized Derivatives

8,941

8.8%

-4.9%

102,504

7.7%

Swiss Indices

Month End Reading

Change Versus End of Previous Month

Change Since End of Last Year

SMI® PR

11,137.8

2.6%

3.8%

SLI Swiss Leader Index®  PR

1,776.7

3.5%

8.3%

SMIM® PR

2,565.1

2.4%

3.6%

SPI® TR

14,571.2

2.4%

6.1%

SPI EXTRA® TR

4,960.8

2.5%

6.5%

SXI LIFE SCIENCES® TR

6,123.2

5.3%

0.1%

SXI Bio+Medtech® TR

4,567.3

6.7%

-7.7%

SBI® AAA-BBB Total Return

131.5

1.3%

7.4%

Key Figures BME Exchange

  • The Spanish Exchange closed the year with 2.29 billion trades, 2.1% more than in 2022, and a capitalization of 1.2 trillion, up 16.8% on the previous year  
  • Fixed Income markets channeled EUR 405 billion of new funding, up 8.7%, boosted by the new Securities Markets Act 
  • New members and more functionalities in the MEFF Derivatives market 

The Spanish equities market closed the year with 2.29 million trades, 2.1% more than in December 2022. The cumulative effective volume traded through December was EUR 301.2 billion. At December 31, the Spanish stock market had a capitalization of 1.2 trillion, up 16.8% on the previous year. The IBEX35® also followed this positive trend, rising by 22.8%. Including dividends distributed, the index's total return reached 28%. Capital increases amounted to EUR 4,245 million (5,572 million in 2022). 

BME Growth added 10 new companies, 3 of which were SOCIMIS. Companies already listed on this market raised more than EUR 540 million in capital increases. To continue supporting companies at all stages of their growth, BME launched BME Scaleup, a market aimed at companies in the early stages of development. 

BME's Fixed Income markets channeled more than €405 billion of new financing to the public and private sector, 8.7% more than in 2022. Particularly relevant for the AIAF Market was the entry into force in September of the new Securities Markets Law, which transferred to BME certain powers in admission to trading, facilitating issuance in the regulated market. Since then, new issues of bonds and promissory notes have been registered by Caixabank, Bankinter, Banco Santander, BBVA Global Markets, Abanca, Unicaja Banco, Banco Sabadell and Deutsche Bank. Meanwhile, the MARF, which celebrated its 10th anniversary in October, continued to grow with the debut of 12 new companies and more than EUR 15 billion issued, 11.6% more than in 2022.  

The MEFF Derivatives market successfully implemented new functionalities in retail trading and introduced new features in options on the IBEX 35®. In addition, new members joined both the financial derivatives (TP ICAP Europe) and energy derivatives (Pavilion Energy Spain) segments, improving the overall diversity and competitiveness of the market. 

Segment

Month (in EUR mn)

MOM Change

YOY Change YTD YTD Change

Turnover Equities

22,506

-5.6%

-20.1%

299,944

-16.8%

Turnover Fixed Income

6,690

-53.3%

-3.9%

184,038

60.3%

Turnover ETF

77

-40.1%

-17.5%

1,297

-19.2%

Turnover Securitized Derivatives

24

-20.8%

-45.8%

381

-36.4%

Turnover Total

29,298

-23.6%

-16.9%

485,661

1.7%

 

 

 

 

 

 

 

Month

MOM Change

YOY Change

YTD

YTD Change

Transactions Equities

2,291,788

-13.2%

2.1%

28,449,528

-26.7%

Transactions Fixed Income

1,636

-39.2%

15.3%

31,656

56.1%

Transactions ETF

4,671

-36.8%

-3.0%

85,267

-13.7%

Transactions Securitized Derivatives

2,994

-26.8%

-34.9%

54,043

-29.3%

Transactions Total

2,301,089

-13.3%

2.0%

28,620,492

-26.6%

Product Listing

Month

MOM Change

YOY Change YTD YTD Change

Number Product Listings Fixed Income

290

0.0%

-40.8%

5,739.0

79.9%

Volume Listed via Fixed Income (in EUR mn)

23,853

-9.9%

42.6%

405,441

8.7%

Number Product Listings Securitized Derivatives

0

-100.0%

-100.0%

6,980

-5.5%

Financial Derivatives
Traded Contracts

Month

MOM Change

YOY
Change
YTD YTD
Change
Turnover
(EUR mn)

IBEX 35 Futures

379

0.0%

-2.4%

4,615

-15.2%

38,442

Mini IBEX 35 Futures

38

-21.2%

-19.9%

612

-34.5%

384

IBEX 35 Options

93

161.2%

-55.4%

559

-58.4%

856

Stock Futures

1,088

3852.6%

-71.9%

11,279

9.4%

490

Stock Options

1,376

16.6%

-26.1%

12,811

-14.6%

1,106

Power Derivatives (MW)

734

115.5%

-41.0%

4,771

-55.5%

58

Spanish Indices

Month-End Reading

Change Versus End of Previous Month

Change Since End of Last Year

IBEX 35

10,102.1

0.4%

22.8%

IBEX Medium Cap

13,549.3

1.3%

5.9%

IBEX Small Cap

7,945.7

0.6%

10.6%

IBEX Grow 15

1,805.8

-2.6%

-24.2%

VIBEX

12.4

1.0%

-23.5%

Detailed statistics on turnover and transaction volumes per segment compared with the previous month and previous year, on newly listed products and on the development of the most important indices can be found in the tables below. The website of SIX Swiss Exchange provides you with full access to our complete information offering. We provide you with the latest market data and comprehensive statistics for our entire securities universe. This includes order book information, prices, volumes and turnover figures as well as historical data and statistics. We also provide official notices of listed companies, management transactions and other relevant information to ensure safe and transparent trading. Discover more.


Any questions?

Please do not hesitate to contact Julian Chan.

 
About SIX
SIX operates and develops infrastructure services for the Swiss and Spanish Stock Exchanges, for Post-Trade Services, Banking Services and Financial Information with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centers. The company is owned by its users (120 banks). With a workforce of 4,044 employees and a presence in 20 countries, it generated operating income of CHF 1.5 billion and Group net profit of CHF 185.0 million in 2022.
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