OTC Spot Market

Participants can trade the auctioned securities directly with each other. These are not Repo transactions but conventional transactions of securities.

The platform's trading days are defined in the trading calendar of the platform Operator.
Trading on the platform shall be open from 07:00 to 18:00 from Monday to Friday (except on Swiss public holidays).

Primary Market

The primary market segment is where auctions are held by the Swiss National Bank (SNB) for the issue of new securities or an issue increase of existing securities.

Secondary Market

In the secondary market or OTC trading market, securities are traded bilaterally outside of auctions.

Further information about the market segments, the auction conditions and the taxation are available in the Product Specifications for the OTC Spot Market document.