SIX Swiss Exchange and BME Exchange enjoyed substantial growth in February, with a new record set within equities indices, all-time highs in ETF trading, and a significant increase in overall trading turnover.

SIX Swiss Exchange reported yet another month of growth in its exchange traded fund (ETF) segment, with turnover more than doubling year-on-year (YOY) to reach CHF 11.2 billion. Its RFQ Service, ETF Quote on Demand, saw its second consecutive record month, surpassing CHF 1 billion in trades. The total RFQ volume hit CHF 1.2 billion, exceeding the previous record set in January by 17.9%. BME Exchange also delivered strong performance in ETF trading, with turnover increasing 23.7% month-on-month (MOM), underscoring soaring demand for ETF products across both markets operated by SIX.

The Swiss blue-chip index, the SMI, also performed well in February. It breached the 13,000 mark on 24 February for the first time, summiting at a closing price of 13,042.5 points two days later. By the end of the month, it stood at 13,004.5 points, delivering an impressive year-to-date (YTD) performance of 12.1%.

Overall, trading turnover on SIX Swiss Exchange rose 2.7% in February, constituting a 20.4% YOY increase, and further reflecting strong market sentiment. Year-to-date, trading volumes have surged 21.9%. This growth was driven by the equity segment, which recorded February turnover of CHF 76.8 billion – an 18% rise YOY.

The Swiss structured products market continued its upward trajectory, with over 10,000 new listings in February alone. This brought total listings for 2025 to 21,127, reflecting a 23.1% increase on 2024. Investor interest in cryptocurrency-based products remained strong, amid products with crypto underlyings recording over CHF 1 billion in YTD turnover, accompanied by more than 50,000 transactions.

BME Exchange also witnessed a surge in turnover in February, amounting to EUR 38.9 billion across asset classes, up 14.5% MOM and 22.9% YOY. This was primarily driven by the equities segment, where transactions remained stable at approximately 2.7 million trades, but turnover climbed to EUR 28.4 billion – a 16.7% increase from January. The IBEX 35 index also demonstrated strength, closing at 13,347 points – a 7.9% increase over the previous month, and a 15.1% increase since the beginning of the year.

Both markets experienced significant milestones in their respective listing segments as well. BioVersys debuted on SIX Swiss Exchange at an opening price of CHF 36.50 per share, resulting in a market capitalization of approximately CHF 216 million. BME also successfully welcomed its first new company of the year, HBX Group, which went public at a reference price of EUR 11.50 per share, equating to a market capitalization of EUR 2.84 billion.

Dimitris Mavroudis, Head ETF/ETP Product, Exchanges, at SIX, commented: “The exceptional ETF trading activity we’re witnessing is indicative not only of the prominent status of the Swiss ETF market and the growth ambitions in the Spanish market, but also of the importance SIX places on offering investors access to a truly dynamic and diverse product range.”

Source: SIX