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SIX Swiss Exchange reports ETF transaction volumes remain strong in Q1 2024


ETF transaction volumes at SIX Swiss Exchange continued a positive trajectory during Q1 2024, the firm says, writing that, in February, the exchange, operated by SIX, witnessed a month-on-month (MoM) increase of 8.9 per cent, with a year-on-year increase of 34.9 per cent.

Meanwhile, transaction volumes for securitised derivatives saw a notable MoM increase of 17.9 per cent, indicating healthy market activity for this segment and building on strong trading activity for structured products on SIX Swiss Exchange in 2023, the firm says.

The Swiss stock exchange also observed an uptick regarding turnover in products with cryptocurrencies as underylings, with CHF 316 million in February (up from CHF 267 million in January).

“We are pleased to have observed trading volumes in crypto products continuing their positive development during the past month. ETPs accounted for around 75 per cent of the trading volume, while structured products totalled over 77 million in February, contributing to the strong turnover in this segment. Bitcoin products accounted for 52 per cent of turnover, this corresponds exactly to the market capitalisation of the underlying asset in the crypto industry,” says André Buck, global head of sales and relationship management at SIX Swiss Exchange. “Strong ETF numbers are also encouraging and position SIX as a leading marketplace for ETFs, which was further bolstered by the recent QOD EU announcement”.

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