The market for trading in securities on an exchange is referred to as the secondary market. In the secondary market, the listed companies are no longer seeking capital; rather, the investor interacts with other suppliers and demanders of securities. This is where the actual securities trading starts. Within this framework, only those securities that are public and accessible to all investors are traded.
In order for securities to be traded on SIX Swiss Exchange AG, the issuer must fulfil various requirements as laid out in the Listing Rules, among others the publication of a listing prospectus. To maintain the listing, issuers must fulfil additional requirements, such as the publication of price-sensitive facts. For that reason, information on listed companies are published in the media almost on a daily basis.