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 Switzerland’s 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.