Six Swiss Exchange has released key figures for 2017, which saw new records in ETFs trading turnover and listings, beating these set in 2016.
Some CHF116.4bn (€99bn) were traded in ETFs available on the Swiss market at the end of 2017, up 12.2% year-on-year (CHF103.8bn for 2016). The number of transactions on the ETF segment also increased by 6% to 1,019,294 trades.
A total of 144 new ETFs have been issued on the Swiss stock exchange in 2017, making to 1,278 the number of ETFs available traded at the end of the year.
All segments confounded, the trading turnover of Six Swiss Exchange rose by 5.2% yoy, amounting to CHF1.34trn (€1.14trn) at the end of 2017, with an average daily trading turnover of CHF5.4bn (€4.59bn; i.e. 204,790 securities trades per day).
The stock having generated the highest trading turnover in 2017 was Nestle at CHF117.4bn (€99.86bn) while Roche GS recorded the highest number of trades, at 2,348,271 trades for the full year.
Six initial public offerings occurred on the Swiss exchange last year including Rapid Nutrition, Galenica, Idorsia, Zur Rose, Landis+Gyr (the largest Swiss exchange IPO in 11 years) and Poenina.
Equities including funds attracted the most of 2017’s trading turnover according to Six Swiss Exchange data with a CHF1.05trn (€893.2bn) trading turnover recorded on that segment (up 5.2% yoy).
The trading turnover of CHF-issued bonds slightly slumped to CHF129.2bn (€109.9bn; down 2.7% yoy) while the volume of trades fell by 6.3% to 355,921.
The number of trades was also down by 5.4% in non-CHF issued bonds but trading turnover in this segment rose by 28.7% to CHF26.3bn (€22.37bn).
Lastly, the bitcoin frenzy has been stressed in Switzerland, whose Zug valley is known as a cryptocurrency hub, since the monthly trading turnover of Bitcoin on the Swiss stock exchange went from under CHF3m (€2.55m) at the start of 2017 to over CHF250m (€212.6m) in December 2017.