The Switzerland Stock Exchange has released its May 2021 financial results. The data shows that the trading turnover for the month came in at CHF 93.5 billion, which is 14.8% less than what was reported in April. The total number of transactions reduced by 11.5% to reach 4,554,218 transactions.
However, this does not mean the firm had a bad year. Since the beginning of the year, the firm’s total trading turnover reached CHF 580.3 billion, while the total number of transactions reached 28,868,212.
Some Perks were reported
The SMI index during the month increased by 3.1% compared to April, reaching 11,365 points by the end of the month. A new all-time high on the SMI index was reported on May 28 at 11,444 points.
On May 27, the firm also reported the highest trading turnover on a single trading day. The total volume of securities traded reached CHF 9.3 billion. On May 4, the firm also recorded the highest number of volumes at 292,522.
During the month, the stock that performed exceptionally well was NESTLE N, with the stock’s highest turnover standing at CHF 7 billion. During that month, the most traded stock was ROCHE GS, with the stock’s total transactions standing at 220,676.
SIX and Crypto Offerings
In its report, SIX stated that “In May, products with cryptocurrencies as underlyings reached a trading turnover of CHF 1.2 billion, a new monthly record. This corresponds to a 38% increase over the previous month. In total, 48,297 trades were concluded – a month-on-month plus of 59% – and 86 crypto products traded. The ten most traded products were all ETPs, with AETH on Ethereum topping the list with CHF 204.7 mn turnover and 7,547 transactions.
SIX has become popular in the crypto sector following the crypto boom this year. Various issuers of ETPs around the globe joined the platform in a bid to launch various products affiliated with crypto assets.
At the beginning of the year, ETC Group, a financial service firm in London, collaborated with the Switzerland Stock Exchange to launch a Bitcoin exchange-traded product (ETP) under the ticker symbol, BTCE. The ETP is expected to trade in London after the jurisdiction allowed financial services approved in Switzerland to operate in London. Earlier in the year, Coinshares digital asset management firm also launched a Bitcoin ETP on the exchange.
In April 2021, SEBA Bank, a leading financial service provider in the Swiss market, also joined the Switzerland Stock Exchange to issue a crypto ETP.