SIX Swiss Exchange’s ETF market writes that it has achieved a new monthly record, with its request for quote (RFQ) platform – ETF Quote on Demand (QOD) – surpassing CHF1 billion worth of trades in a single month for the first time.
The exchange writes that the ETF segment saw substantial growth on SIX Swiss Exchange. Activity in January more than doubled compared to a year ago with trading turnover up 118.5 per cent, totalling CHF11.4 billion. The number of ETF transactions reached 280,000 – 71.7 per cent higher than January 2024.
Facilitating this market growth was SIX’s ETF QOD platform, delivering an average price improvement of 5.5 bps on exchange RFQs. January proved to be a positive month for other asset classes as well, with new structured product listings in Switzerland reaching over 10,000 – 18.4 per cent more than in the previous year. Within this asset class, securities with exposure to cryptocurrency remained at the forefront of demand, with turnover of around CHF500 million.
This accomplishment highlights investor demand for pooled investments, which have grown to include over 6,000 tradable ETFs and ETPs accessible on the exchange via the ETF QOD platform, the exchange writes.
Across SIX, both SIX Swiss Exchange and BME Exchange kicked off the year with a significant boost in equities trading. The Swiss Stock Exchange reported a 18.2 per cent increase in equities turnover, worth CHF71.989 billion, compared with a year prior. January turnover was also a 22.2 per cent increase compared to the previous month. There was also solid growth in the number of equity transactions, which were up 4 per cent. The Swiss blue chip index SMI rose by 8.6 per cent in January, demonstrating the enduring appeal of the Swiss market to investors.
On the Spanish market, BME Exchange equities turnover was EUR24.385 billion, an increase of 4.4 per cent YoY and 2.5 per cent from December. Strong demand in cash equities also led to a surge in volume in the derivatives market. Equity options trading in the Spanish market more than doubled (112.3 per cent) to 1,592 contracts worth EUR1.44 billion. Starting from a smaller base, equity futures nearly tripled with a January turnover of EUR68 million.
André Buck, Head Debt Capital Markets, Exchanges at SIX, says: “This promising start to the year is testament to the ability of our markets to meet evolving investor demand and adapt to changing geopolitical landscapes. The records set in the ETF segment and significant boost in equities turnover will hopefully serve as positive momentum for the rest of 2025. With this robust beginning, we look forward to continuing to execute on our commitment to market innovation and offering a dynamic product range going forward.”
