In the 4th quarter of 2023, trading turnover in ETFs at SIX Swiss Exchange recorded a 43.29% increase to CHF 20.849 billion in the fourth quarter compared to the previous quarter (CHF 14.550 billion). This resulted in an increase of 46.08% as against the same quarter of the previous year. On an annualized basis, however, turnover totaled CHF 64.22 billion, a 31.94% drop compared to 2022 (CHF 94.36 billion) due to a challenging market environment throughout 2023. As against the third quarter, the number of transactions increased by 12.56% to 441,794. As a result, the previous year's high figure of 1,682,117 transactions was exceeded by 1.98% in 2023 (1.7 million transactions). The average ticket size at the end of the year was 33.25% lower and the median was 30.04% lower than in the previous year, mainly due to the reduced number of trades in the 100,000 to 1,000,000 size range. The number of newly listed ETFs at SIX Swiss Exchange grew by 49 in the fourth quarter to reach 1,693 ETFs at the end of 2023. Bond and equity ETFs were the focus of the new listings.
These and more detailed statistics are available in the latest edition of the ETF Market Report.
Interview: Industry Outlook
In addition to detailed statistics on the ETF segment of SIX Swiss Exchange, the latest market report also includes an interview with Patrick Lutz, Head of Wholesale Distribution Switzerland, Legal & General Investment Management (LGIM). He talks about how the ETF trading landscape has evolved over the past years, what issues are currently shaping developments in the ETF sector and where he sees the ETF market in Switzerland in the near future.
Quote on Demand and Quote on Demand Europe
These two ETF service extensions to the established multilateral open order-book offer institutional investors the opportunity to execute orders in a bidding process directly with the registered and most important liquidity providers in Europe. The product universe reaches to up to 6,000 ETFs from European primary exchanges such as the London Stock Exchange, Deutsche Börse, Euronext, Nasdaq OMX, the Vienna Stock Exchange and others, which are tradable via SIX Swiss Exchange.