SIX Records 14.8% MoM Drop in Trading Turnover During May 2021

Fazzaco learned that SIX, Swiss financial markets infrastructure operator, announced its trading volume for May 2021.

According to the press release, trading turnover on the Swiss Stock Exchange reached CHF 93.5 billion, 14.8% less than in the previous month, while the number of transactions decreased by 11.5% to a total of 4,554,218. Since the beginning of 2021, trading turnover reached CHF 580.3 billion with a total of 28,868,212 transactions. The SMI® rose by 3.1% and reached 11,363.5 points at the end of the month, registering a new all-time high with 11,444 points on 28 May 2021 (closing price).

The exchange mentioned in the announcement: “The highest turnover on a single trading day was recorded on 27 May, which saw securities worth a total volume of CHF 9.3 billion changing hands. The highest number of trades was recorded on 4 May, with 292,522.”

“In May, products with crypto currencies as underlyings reached a trading turnover of CHF 1.2 billion, a new monthly record. This corresponds to an 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.”

Earlier, Fazzaco reported the SIX welcomed Iconic Funds as a new ETP issuer​. Iconic Funds is the fourth crypto ETP issuer joining in 2021 and brings the number of crypto products offered for trading at SIX Swiss Exchange to 92.