Securities market SIX Swiss Exchange, and Scoach Switzerland, the exchange for structured financial products joint owned by SIX Group and Deutsche Börse, posted revenues of SFr88.5 billion (€69.13 billion) for April 2011, down 27.7% on March 2011, which were SFr122.5 billion (€95.69 billion).
March was characterised by high volatility, with revenues jumping 19.8% compared with February 2011.
Revenue to date for 2011 amounts to SFr414.97 billion (€324.15 billion), down 5.5% compared to January to April 2010, despite 12,576,356 trades being executed, up 6.6% for the same period in the previous year.
The total number of transactions carried out came to 2,713,902, representing a fall of 24.8% compared to March 2011. It should be noted, however, that April 2011 had only 19 trading days, four less than March 2011.
The equities segment, which includes funds, exchange-traded structured funds and exchange-traded products, posted revenues of SFr65.1 billion (€50.85 billion) in April, down 28.0% on March 2011's total of SFr90.4 billion (€70.62 billion). The number of trades in equities products decreased by 24.6% to just over 2.5 million trades in April, compared to 3.32 million trades in March.
According to trading systems supplier Fidessa, over-the-counter (OTC) trading on SMI blue chip index stocks increased from 30.17% to 34.65% from March to April, following a similar increase from February, where 28.23% was traded OTC. SIX Swiss Exchange experienced a corresponding drop in market share from 46.93% in March to 42.51% in April.
Exchange-traded funds generated revenues of SFr6.7 billion (€5.23 billion)in April, which had fallen 35.4% month-on-month from SFr10.4 billion (€8.12 billion), with 68,240 trades, down 25.1%. The structured products and warrants segment posted revenues of SFr4.98 billion (€3.89 billion) with 104,538 trades down 13.3% and 28.7% respectively.
In April 2011, 3,142 new structured products and warrants and 34 new CHF bonds were admitted to trading. This is change of -44.0% and -26.1%, respectively, on March 2011.