The Swiss stock exchange (Swiss Exchange, SWX) is one of the largest European trading floors; it trades in stocks and derivatives . It was founded in 1995 as a result of the merger of the stock exchanges of Geneva, Basel and Zurich. Since 1996, all trades have been conducted electronically.
| Swiss exchange | |
|---|---|
 | |
 | |
| Location | Zurich , Switzerland |
| Year of foundation | 1995 |
| Owner | Swiss Exchange Association |
| Key figures | Jos Diiselhof (CEO) Romeo Lacher (Chairman of the Board of Directors) |
| Listing on the exchange | 358 |
| Currency | Swiss frank |
| Stock market capitalization | $ 1,028 trillion (2018) |
| Stock Indices | SMI |
| Web site | [one] |
Content
History
The first exchange in Switzerland was opened in Geneva in 1850, behind it were founded exchanges in Zurich (1855), Basel (1866), Lausanne (1873), Berne (1884) and St. Gallen (1888). However, during the First World War, all exchanges in the country interrupted their activities, with the exception of bond trading in Geneva.
Following the economic upsurge of the 1920s, a financial crisis followed, one of the consequences of which was the adoption in 1934 of the Federal Law on Banks and Savings Banks, which led to increased influence of the Swiss National Bank and the Ministry of Finance on the country's financial system.
In 1995, the exchanges of Geneva, Basel and Zurich merged into a single Swiss exchange SWX Swiss Exchange.
In 2007, the Swiss stock exchange, together with the German one, acquired the American option exchange ISE for $ 2.8 billion, and the Swiss stock exchange paid 15% of the transaction amount.
At the beginning of 2008, the SWX Group, SIS Group and Telekurs Group merged into the SIX Group AG holding , which was caused by increased international competition among financial sites, increased requirements for technical infrastructure and more complicated measures to regulate the financial market. In September 2008, a single SIX brand was introduced, and the SWX Swiss Exchange was renamed SIX Swiss Exchange.
In May 2009, Blue-Chip shares were returned to the SIX Swiss Exchange in Zurich. SIX Group justified this step by its desire to reduce costs, improve its position in the competition of exchanges, and also to simplify structures for issuers .
In 2010, SIX Swiss Exchange begins operations with Exchange Traded Products, thereby adding to its offer of “secured rights claims” product segments.
The Scoach joint venture with Deutsche Börse was disbanded in 2013. From now on, SMI trading is only subject to the self-regulation of the SIX Exchange Regulation and the control of the Federal Financial Market Supervisory Authority (FINMA).
In July 2018, the SIX Swiss Exchange announced the development of the SIX Digital Exchange program, a blockchain platform for trading, settlement and storage of new tokens. At the same time, it was emphasized that this initiative should not be regarded as an intention to actively engage in the cryptocurrency trade [1] .
Indexes
The main index - SMI (Swiss Market Index) - reflects the status of the 20 largest companies on the exchange, which account for more than 85% of the capitalization of the entire listing [2] .
SMI MID Index
See also
- Companies listed on the Swiss stock exchange
Notes
- ↑ SIX Swiss Stock Exchange converts securities into Chash Telegraph tokens , July 6, 2018
- ↑ SMI on the official website of the exchange Archived on July 18, 2009.