News - Nominated as Exchange of the Year
At the beginning of April 2020, Financial News has announced the nominations for the Trading & Technology Awards Europe 2020.
The Swiss Stock Exchange is proud to be shortlisted in the category «Exchange Group of the Year», alongside
Aquis, Cboe Europe, Euronext and London Stock Exchange.
Tony Shaw, Executive Director London Office and Head Sales UK & Ireland at the Swiss Stock Exchange, comments: «This
nomination recognizes our relentless efforts to deliver best-in-class services through innovation with a clear focus on the
customer. As the exchange at the heart of the Swiss financial centre and economy, we are proud to be nominated among the leading
The Swiss Stock Exchange is one of Europes leading destinations for listing and capital raising. It is one of the most
technologically advanced and most stable exchanges in the world, that includes post-trade services to cover the entire securities
value chain. It has proven its stability and resilience not just in 2019, when it seamlessly integrated additional volumes following
the EUs decision on equivalence, but also very recently, when the Corona crisis created
unprecedented market turmoil.
A year of growth and records
The nomination for the Swiss Stock Exchange comes following a year in which a number of impressive milestones were reached. In 2019,
it welcomed seven new companies and at CHF 3.1 billion, the overall transaction volume was the fourth largest on a European exchange;
additional capital of over CHF 71 billion was raised through bonds.
With 186 new listings in the ETF segment the choice for investors grew to an all-time high of 1'541 ETFs,
while structured product listings grew by +7.8%. to reach a total of 42'401
in 2019. The Swiss Stock Exchange also cemented its position as the leading regulated marketplace for products with crypto currencies
as an underlyings.
Despite the initial concerns about the loss of EU equivalency at the end of June 2019, the Swiss Stock Exchange ensured a smooth
transition of virtually all trading volumes in Swiss shares onto their home market. Since then, the consolidation of liquidity has
resulted in narrower spreads and greater certainty of execution. At the end of 2019, trading turnover had grown by
+8.5% over the previous year to reach almost CHF 1'500 billion while the
number of trades rose by +6.1% to a total of 64'008'204 transactions. More
details are available in our
Trading Key Figures.
Best in class trading tools for the marketplace
2019 also saw a 313% growth of SwissAtMid, the non-displayed pool of the Swiss Stock Exchange
(year-on-year). Average daily turnover, trade sizes and fill rates have also improved significantly, bringing market participants together
for rich opportunities for price improvement and best execution. SwissAtMid facilitates a seamless interaction between the lit and
non-displayed books, with innovative and unique tools such as Sweep and Plus orders.
Providing data of the highest quality standards
In 2019, the Swiss Stock Exchange also saw its CONNEXOR service support the sourcing and distribution of around 15 million product
updates, representing approximately 50'000 fully automated lifecycle events every day. The platform seamlessly
connects data sources such as issuers of financial products with data recipients such as exchanges, banks, CSDs, data vendors or even
newspapers and fully supports regulatory requirements such as PRIIPs/KIDs, MiFID II, IRS 871m along with Switzerlands incoming Financial
Services Act. CONNEXOR continues its geographic expansion and was
used in Asia for the first time.
Recognition of continued success
The winners of the Financial News awards will be announced at a gala dinner due to be held at the V&A Museum in London on 30 September
2020. In January 2020, at the prestigious SRP Europe awards in London, the Swiss Stock Exchange already won the award for
Best Structured Products and Derivatives Exchange. In September 2019, the Swiss Stock Exchange had been nominated as
Outstanding Equities Trading Venue for the Leaders in Trading 2019 awards.
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