This comes not long after SIX Swiss Exchange won the award for ‘Best Structured Products and Derivatives Exchange’ at the prestigious SRP Europe awards as well as the special prize for a trading venue in the ETF space from XENIX.
As a leading listing and trading destination, SIX Swiss Exchange has enjoyed enormous success over the past 18 months, a period punctuated by unprecedented volatility. In what is testament to the resilience and robust infrastructure of SIX Swiss Exchange, it was able to handle record trading volumes during COVID-19 without disruption.
Elsewhere, SIX Swiss Exchange parent, SIX, acquired a majority stake in the Spanish bourse BME Group; a transaction which has given the exchange access to the lucrative and highly diverse Spanish market. The landmark deal now means SIX as a Swiss exchange group is the third largest exchange in Europe by revenue.
In terms of capital raising in general, almost CHF 6 billion was raised by companies already listed on the SIX Swiss Exchange, complemented by two listings (Ina Invest and V-ZUG). Furthermore, newly listed debt instruments such as bonds and money market papers exceeded the aggregate size of CHF 100 billion for the first time ever. These figures underscore the diversity and attractiveness of the financing opportunities Switzerland’s stock exchange offers.
Similarly, SIX Swiss Exchange continues to cement its reputation as one of the dominant ETF listing and trading hubs in Europe. Owing to its excellent innovation track record, SIX Swiss Exchange has also managed to establish itself as one of the world’s leading marketplaces to trade products with crypto-currencies as underlyings.
Elsewhere, the CONNEXOR issuer platform continued to see tremendous growth. In 2020, it was used by structured product providers to issue a record 1.36 million new products and handled 16.7 million automated product updates. The exchange also introduced automation and standardisation benefits for the structured products industry in the Asia-Pacific market.
Over the course of 2020, the Swiss stock exchange also successfully expanded its European microwave network. A new service between London and Stockholm was added to the existing network which already offered trading participants the benefits of low-latency market data transmission from Zurich to London, Frankfurt and Milan as well as from Milan to Frankfurt and London.
For the financial industry, 2020 was a turbulent year marked by high volatility and series of challenges. The clearing business was no exception, SIX x-clear registered a record number of cleared transactions in the first quarter of 2020. It was not easy, it was not done without significant efforts, but in the end it was a success. SIX x-clear continues to be one of Europe’s most qualified, stable and capitalized CCP clearing houses.