- Trading turnover up by 14.3% to over CHF 1,148.1 billion (average per day of CHF 4.6 billion)
- Increases in all equity and bond indices
- Six IPOs, highest number of new listings since 2008
- SIX Swiss Exchange awarded the title of global "exchange of the year"
There was a marked year-on-year increase in trading activity on SIX Swiss Exchange and SIX Structured Products Exchange. All in all, trading turnover grew by 14.3% to CHF 1,148.1 billion, while the number of trades rose by 12.6% to 38,832,343. This meant that an average exchange day saw 155,953 trades and turnover of some CHF 4.6 billion. On the peak trading day of 19 December, a total of CHF 12.0 billion was traded in 268,560 transactions. All the key equity and bond indices rose, by a substantial margin in some cases. The SMI closed the year at 8,983.4 points, climbing to a 7-year high of 9,212.85 on 5 December. The number of new company listings was also positive. There were six IPOs in total, the highest level since 2008. All in all, 360 new bonds (+7.8%) and 39,296 new structured products (-14,7%) were listed. As part of the Over the Exchange initiative, the new segment of Sponsored Foreign Shares was launched in November. More than 500 stocks from 27 different countries can be traded on SIX Swiss Exchange in this segment. This enables potentially large cost savings and risk reductions for all investors.
In July, an independent jury for the Global Investor/ISF Investment Excellence Awards 2014 awarded the title of global "exchange of the year" to SIX Swiss Exchange.
Christian Katz, Division CEO Swiss Exchange, comments: "Despite low volatility on the financial markets,there was a marked rise in activity on our exchange. The appeal of our exchange as a trading centre and location for raising capital is also reflected in the fact that we posted above-average growth by European standards once again. Our entire team is delighted with the "exchange of the year" award as we have consistently made a focus on customers our aim over the last few years.
Overview of the individual segments:
The equities including funds, ETSFs and ETPs segment can look back on a highly successful year. Trading turnover climbed by 18.8% to CHF 851.5 billion, while the number of transactions rose by 13.7% to 36,587,370. The highest-turnover securities in 2014 were Nestlé N, at CHF 102.5 billion, followed by Novartis N at CHF 100.4 billion and Roche GS at CHF 92.9 billion.
CHF bonds, the second-largest segment on SIX Swiss Exchange in terms of trading turnover, saw turnover of CHF 165.9 billion. This equates to a moderate year-on-year increase of 1.3%. The number of trades was practically identical: 504,642 trades equate to 0.4% less than in 2013.
Trading activity in the ETF segment was practically unchanged. Trading turnover rose slightly by 0.1% to CHF 90.8 billion, while the number of trades decreased by 2.1% to 911,874. In total, 18 issuers are now offering 988 ETFs (+162).
The performance of the non-CHF bonds segment was highly positive once again. Trading turnover was up by 337.9% to CHF 13.0 billion, hitting a level last exceeded in 2007. The number of trades rose by 19.2% to 21,718.
Trading turnover on SIX Structured Products Exchange amounted to CHF 26.8 billion, equating to a year-on-year decline of 11.6%. The decline in trading activity was also reflected in the number of transactions: the 806,739 trades equate to a year-on-year decrease of 6.4%.
All the leading equity indices trended higher in 2014: the blue chip SMI® index stood at 8,983.4 points at the end of December (+9.5% versus end-2013). The SLI Swiss Leader index® stood at 1,331.0 points (+5.9%), while the broader-based SPI® came in at 8,857.0 points (+13.0%). The most important bond index, the SBI® AAA-BBB Total Return, also turned in a positive performance, climbing by 6.8% to 132.1 points.