Business · Markets · 17 hrs ago

ETF trading on SIX Swiss Exchange rose 25% in October

ETF trading on SIX Swiss Exchange rose 25% in October

Trading on the SIX Swiss Exchange reached 1,058 billion francs in the first 10 months of the year, up 9.9% from the same period last year.

ETF trading rose about 25% in October compared with September, and was 18% higher than in October last year.

That made ETFs the fastest-growing segment on the Swiss exchange.

Swiss share trading was also up, with October turnover 5.8% above a year earlier.

The SMI, Switzerland’s leading stock index, rose 7.1% during October and closed at a record 14,810.7 points.

The SIX Group’s exchanges recorded 1,570 billion francs in turnover, including trading on the Madrid exchange, up 15.2% year on year.

Infomaniak, a Swiss cloud provider, also listed on SIX in October, its fifth main-market IPO this year; no further steps were specified.

1 source

Related