That a direct membership with the Swiss Stock Exchange offers many advantages is something we’re certain of. But what do our clients think? To obtain their unfiltered feedback, we asked three of them: St. Galler Kantonalbank, Privatbank IHAG and Liechtensteinische Landesbank. Their representatives Christian Looser, Tobias Steiner and Peter Marxer – all with many years of experience in their respective trading rooms – provide answers in our video.
For everybody, particularly the Corona crisis was an extraordinary stress test. It is all the more reassuring that even record volumes have not hampered trading on the Swiss Stock Exchange – so the unanimous opinion of the three participants, exemplified by Peter Marxer, Head Trading at the Liechtensteinische Landesbank: “The trading platform of the Swiss Stock Exchange has functioned impeccably. Even during the hectic phases we had no technical problems at all. We were able to process the order volume smoothly and didn’t need any support.” The quality of the order book and the available liquidity also receive positive mentions from all three.
Benefits for Everybody
When asked about the advantages of a direct exchange membership, our trading participants list numerous aspects. These include credibility and status, direct access to the order book and information on new developments, the opportunity to contribute their views and needs, as well as attractive costs. Tobias Steiner, Head Trading at Privatbank IHAG, gets to the point: “The advantage for us as a stock exchange bank is a direct, efficient and cost-effective access to the Swiss Stock Exchange, which is our main market. And we can pass these advantages on to our clients.”
Our participants also appreciate the numerous innovative services. In particular SwissAtMid, the liquidity pool without pre-trade transparency of the Swiss Stock Exchange, which also enables successful block transactions, is mentioned by all as a big advantage. Christian Looser, head trader at St. Galler Kantonalbank, summarizes the benefits: “With the possibility of executing trades in SwissAtMid, we can achieve significant price and liquidity improvements for our clients. The planned measures in the ETF space with Quote on Demand as well as Swiss EBBO will further expand the offering.”
Innovation With a Focus on the Future
Trading participants unanimously emphasized a characteristic of the Swiss Stock Exchange: that innovation matters. “We are constantly investing in our platform and new functionalities in order to offer our clients added value and to keep pace with market trends or even set them. We’re ensuring this by working closely with market participants”, says André Buck, Global Head Sales at the Swiss Stock Exchange.
Another characteristic of the Swiss Stock Exchange is the diversity of its members and their flow, which results in a particularly multilayered liquidity. André Buck added: “I would like to take this opportunity to thank the three representatives of our participants St. Galler Kantonalbank, Privatbank IHAG and Liechtensteinische Landesbank. Not only for participating in our video, but – as representatives for all participants – for their excellent cooperation. We look forward to shaping the future of trading together in this phase of unprecedented change”.
Our website provides you with further information on the advantages of the Swiss Stock Exchange in general and on listing and trading in particular, as well as comprehensive market data on our attractive trading segments. You can also discover how new participants can start trading and benefit from the best liquidity in Swiss securities in just four weeks.
Finding a New Balance
Lessons from non-equivalence, the effects of liquidity consolidation, the attitude of the Swiss Stock Exchange towards competition as well as a preview of new products in the pipeline and expectations for 2021 – these and more topics are covered in an interview Christian Reuss, Head SIX Swiss Exchange, first published in early November 2020. More