Winning Formula

At the Leaders in Trading Awards 2025 in London, SIX was recognized as ‘Outstanding Exchange Group’ for the achievements of SIX Swiss Exchange and BME Exchange in the listing and trading space. It is the fourth time in the last five years that the exchanges of SIX have been distinguished at some of the industry’s most relevant award ceremonies. 

Tomas Kindler, Global Head Exchanges, commented: “These recognitions reflect our teams’ exceptional work and our ambition to build a truly pan-European exchange group. With Aquis and the integration of its advanced trading technology, we are taking another important step toward offering clients one access point to multiple markets.” 

In 2025, SIX reached a pivotal milestone with the acquisition of Aquis Exchange, making it the only exchange group operating listing venues across Switzerland, the EU, and the UK. Through Aquis, SIX gained a pan-European multilateral trading facility spanning sixteen markets and boosted its share of European equities trading to around 15%.

As part of its ambition to further increase its market share, SIX will leverage the Equinox platform of Aquis Technologies. Implementing it across all of the three exchanges it operates, SIX will offer its clients a harmonized ‘one plug, multiple trading venues’ connection using a standardized setup.

Participants of SIX in the Swiss and Spanish markets will be able to benefit from a next-gen trading system, delivering innovation, new functionalities and unrivalled access to investment opportunities in multiple markets. This harmonization will significantly reduce operational complexity and provide participants with the best possible trading experience.

Aquis Exchange was also among the winners at the Leaders in Trading Awards 2025, receiving the award for ‘Outstanding Dark Trading Venue’ – a category in which SIX Swiss Exchange had also been nomianted with SwissAtMid. 

In a fragmented and competitive European trading landscape, SIX stands out with innovations developed with and for its clients. Recent launches include SpainAtMid – modelled after SwissAtMid, the first non-displayed pool introduced by a primary exchange in Europe on the same matching engine as its central limit order book – which offers participants improved execution quality in Spanish equities, and Auction Volume Discovery (AVD), a trading service launched as a global first, designed to help trading members to safely find liquidity over and above participation caps.

In the ETF segment – which celebrates a quarter century of growth on SIX Swiss Exchange this year, marked by surpassing the milestone of 2,000 ETFs available to investors and numerous new issuers joining –, offerings like Quote on Demand (QOD), an on-exchange RFQ trading service for ETFs and ETPs, further highlight the innovative capacity of SIX. Its unique expansion QOD Europe allows participants to trade over 7,000 products from across Europe via SIX Swiss Exchange.

Alongside the achievements in the trading space, the Leaders in Trading Award recognized SIX as a strong destination for IPOs for both domestic and international issuers. BioVersys opened the European IPO Season on SIX Swiss Exchange, follwed by SMG Swiss Marketplace Group as Europe’s Largest IPO at the time of listing in September, while several listings on BME Exchange in Spain included CIRSA, one of the most significant listings in Spain in recent years, following the IPO of HBX Group in February  and a multitude of listings on its successful growth markets.