Combined Figures Show 15.3% Euro Surge

by

In
the latest report released by SIX Swiss Exchange and BME Exchange, the combined
trading figures for the month of January 2024 reveal significant Momentum
across both Swiss and Spanish markets. The key indicators demonstrate a notable
year-on-year (Y-o-Y) growth trajectory, underlining the resilience and dynamism
of the exchanges despite prevailing economic conditions.

The
combined turnover for both exchanges surged to CHF 143,188 million, marking a
substantial Y-o-Y increase of 8.0%. In Euro terms, the turnover reached EUR
153,569 million, reflecting an even more pronounced Y-o-Y rise of 15.3%.

Transaction
volumes remained robust, with a total of 7,178,920 transactions recorded during
the month. Although the month-on-month (M-o-M) change showed a 21.4% uptick,
the Y-o-Y change remained steady at 0.0%, indicating sustained transactional
stability over the past year.

During
the month under review, the Swiss Market Index saw a moderate M-o-M increase of
1.8%, reaching a total of 11,333.4 points. Conversely, the IBEX 35, which
reflects the Spanish market, experienced a slight M-o-M decline of -0.2%, with
its value standing at 10,077.7 points.

Source: Six

The
buoyant performance of both exchanges is attributed to several factors,
including robust investor sentiment, favorable regulatory environments, and
strategic initiatives aimed at enhancing market liquidity and accessibility.
The influx of capital into both Swiss and Spanish equities underscores investor
confidence in the stability and growth prospects of these markets.

ETF
QOD Europe: Enhanced Liquidity and Competitive Pricing

Earlier,
SIX
Swiss Exchange introduces ETF QOD Europe
, enabling trading across major
European markets like LSE, Euronext, Deutsche Börse, and Nasdaq Stockholm, as
reported by Finance Magnates.
The platform offers access to 6,000 ETFs and ETPs, enhancing liquidity and
providing competitive prices. Over 95% of trades execute at the European Best
Bid Offer or better.

Christian
Reuss, Head of SIX Swiss Exchange, emphasizes innovation, efficiency, and best
execution in ETF trading. ETF QOD Europe facilitates cross-EU trading,
automates transaction processing, and reduces execution fees. The platform
signifies SIX‘s
commitment to revolutionizing ETF trading, offering a comprehensive and
efficient trading experience. Dedicated Forex cloud solutions from Alibaba
Cloud ensure secure and global operations for Forex traders.

In
the latest report released by SIX Swiss Exchange and BME Exchange, the combined
trading figures for the month of January 2024 reveal significant Momentum
across both Swiss and Spanish markets. The key indicators demonstrate a notable
year-on-year (Y-o-Y) growth trajectory, underlining the resilience and dynamism
of the exchanges despite prevailing economic conditions.

The
combined turnover for both exchanges surged to CHF 143,188 million, marking a
substantial Y-o-Y increase of 8.0%. In Euro terms, the turnover reached EUR
153,569 million, reflecting an even more pronounced Y-o-Y rise of 15.3%.

Transaction
volumes remained robust, with a total of 7,178,920 transactions recorded during
the month. Although the month-on-month (M-o-M) change showed a 21.4% uptick,
the Y-o-Y change remained steady at 0.0%, indicating sustained transactional
stability over the past year.

During
the month under review, the Swiss Market Index saw a moderate M-o-M increase of
1.8%, reaching a total of 11,333.4 points. Conversely, the IBEX 35, which
reflects the Spanish market, experienced a slight M-o-M decline of -0.2%, with
its value standing at 10,077.7 points.

Source: Six

The
buoyant performance of both exchanges is attributed to several factors,
including robust investor sentiment, favorable regulatory environments, and
strategic initiatives aimed at enhancing market liquidity and accessibility.
The influx of capital into both Swiss and Spanish equities underscores investor
confidence in the stability and growth prospects of these markets.

ETF
QOD Europe: Enhanced Liquidity and Competitive Pricing

Earlier,
SIX
Swiss Exchange introduces ETF QOD Europe
, enabling trading across major
European markets like LSE, Euronext, Deutsche Börse, and Nasdaq Stockholm, as
reported by Finance Magnates.
The platform offers access to 6,000 ETFs and ETPs, enhancing liquidity and
providing competitive prices. Over 95% of trades execute at the European Best
Bid Offer or better.

Christian
Reuss, Head of SIX Swiss Exchange, emphasizes innovation, efficiency, and best
execution in ETF trading. ETF QOD Europe facilitates cross-EU trading,
automates transaction processing, and reduces execution fees. The platform
signifies SIX‘s
commitment to revolutionizing ETF trading, offering a comprehensive and
efficient trading experience. Dedicated Forex cloud solutions from Alibaba
Cloud ensure secure and global operations for Forex traders.



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