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SIX reports May trading turnover growth

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SIX reported a combined 12.3 per cent trading turnover increase in CHF for its two exchanges in Switzerland and Spain from April (+11.9 per cent in EUR).

The exchange writes that it has witnessed a substantial trading turnover increase of 14.7 per cent compared to April 2024 and 20.5 per cent compared to May 2023. The Spanish BME Exchange also experienced a positive shift with a 5.6 per cent increase in trading turnover from April and a 10.2 per cent year-on-year growth. Notably, equity turnover in Spain surged by 52.8 per cent compared to May 2023.

In the ETF market, both exchanges demonstrated significant growth. SIX Swiss Exchange witnessed a year-on-year increase of 56.1 per cent in ETF turnover in May, while BME saw a 17 per cent rise. Additionally, ETF transactions on SIX Swiss Exchange grew by 27 per cent YTD, totalling over 900,000 since January 2024. SIX Swiss Exchange also welcomed 110 new ETFs in the first five months of the year, compared to 150 new products throughout 2023, indicating a strong upward trend in ETF activity.

Both markets also saw their indices progress: the SMI, Switzerland’s Blue-Chip Index climbed over 12,000 points by the end of May, a plus of 6.6 per cent over April and 7.8 per cent YTD. In Spain, the IBEX 35 rose by 4.3 per cent in May to reach 11,322 points, up 12.1 per cent since the start of year.

“Trading volumes for May emphasise the markets’ desire for trading across asset classes and a variety of execution methods to access favourable liquidity during this busy period,” says André Buck, Global Head Sales & Relationship Management at SIX Swiss Exchange.

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