After a very strong 2025, SIX Swiss Exchange and BME Exchange continued to see double-digit growth in trading activity. Across both markets, turnover reached CHF 149 bn in January, representing a 13.2% growth on December and a 16.5% rise on January 2025. Compared to last month, the number of trades also went up by more than 22% across both markets.
In Switzerland, the trading activity across all segments contributed to a month-on-month increase of 23%. In Spain, turnover increased by even 38.7% compared to January 2025. Trading in structured products on SIX Swiss Exchange surged by 87% over December 2025, closely followed by ETFs, with an increase of 85%. On BME Exchange, Securitized Derivatives saw the biggest month-on-month increase, up 41%, while equities showed the biggest increase compared to January 2025, with 42.6%.
The great momentum from 2025 also continued in the new year with regards to structured product listings in Switzerland and securitized derivatives in Spain. Issuers in Switzerland launched over 22,000 new products, 78% more than in December and more than double compared to January last year. And in Spain, 1,424 new listings of Securitized Derivatives correspond to an increase of over 1,100%.
The IBEX 35® reached 17,880.9 points in January, rising 3.3% since the start of 2026. The Swiss blue chip SMI® concluded the month at 13,188.3 points (-0.6%).