SIX Swiss Exchange
|SIX Swiss Exchange|
|Key People||Jos Dijsselhof, Chief Executive Officer|
|Products||Cash product exchange|
The SIX Swiss Exchange is Switzerland's principal stock exchange. It is part of the cash market division of SIX Group. That division also encompasses the London-based international securities exchange SWX Europe (formerly virt-x) as well as the financial market data vendor SIX Exfeed.
The SIX Swiss Exchange was founded as the "Schweizer Börse/Bourse Suisse/Borsa Svizzera/Swiss Exchange" in 1993, with the merger of Switzerland’s three stock exchanges in Geneva (founded in 1850), Zurich (1873) and Basle (1876) completed in 1995. Electronic trading was introduced the following year, and floor trading ended.
SOFFEX, the Swiss derivatives market, merged with Germany's DTB to form Eurex. Eurex is jointly operated by Deutsche Boerse AG and SIX Swiss Exchange, which holds 50 percent of the voting rights and 15 percent of the share capital. The agreement was extended for a further 10 years in 2003.
The SIX New Market segment for growth companies was launched in 1999, with the Virt-X platform for pan-European blue-chip stocks launched in 2001. The SIX Swiss Exchange changed its legal status from an association to a joint-stock company in 2002.
The Exchange announced in early March 2011 that they expanded their transparency tool, Equity Liquidity Matrix, to include all SPI Securities. With service to the Mid & Small Cap Securities, the SIX Swiss Exchange aims to further increase market transparency and educate the public on the negative effects of market fragmentation. 
On November 10, 2017, SIX announced the decision of its board of directors to reorganize the company and to appoint Jos Dijsselhof as the new CEO. Dijsselhof took up his position on 1 January 2018 and on January 15, 2018, SIX announced the composition of the new group executive board, which took over the operational management of SIX on April 1, 2018.
Products and Services
Product categories include equities, bonds, exchange-traded funds (ETFs), structured products and warrants. As of 2012, SIX Swiss Exchange is the third largest exchange in Europe by market capitalization, behind LSE Group and NYSE Euronext.
- Jos Dijsselhof, Chief Executive Officer
- Christoph Landis, Head of IT
- Daniel Schmucki, CFO
- Jochen Dürr, Chief Risk Officer
- Thomas Zeeb, Head of Securities & Exchanges
Acquisitions and Initiatives
On July 6, 2018 SIX announced plans to launch a fully regulated cryptocurrency exchange to be overseen by the Swiss national bank and Swiss regulator FINMA. Switzerland has been one of the most crypto-friendly jurisdictions in Europe, and its regulators have given clear guidance on how they expect crypto companies to operate.
On July 12, 2018, Nasdaq announced it would provide clearing and real-time risk management technology to SIX via the Nasdaq Financial Framework. The technology will support SIX's clearing of pan-European equities and Nordic derivatives.
SIX and Shanghai Stock Exchange entered into a Memorandum of Understanding (MoU) in 2015, which they renewed in 2019 with the intention of deepening their collaboration, which was enabled by the signing of a free trade agreement between Switzerland and China in 2013 and the currency agreement between the Swiss National Bank and the People’s Bank of China in 2014.
- SIX Swiss Exchange. STOXX.com.
- Organisation by Business Fields. SIX Swiss Exchange.
- History. SWX.
- SIX Swiss Exchange enhances transparency tool. Automated Trader.
- Six Agrees to Acquire Oslo Clearing from Norway Børs. Waters Technology.
- Press Release. Bobs Guide.
- 'A new era for capital markets': The Swiss stock exchange is launching its own cryptocurrency exchange. Business Insider.
- Nasdaq to Provide Clearing Technology to SIX for Clearing Services. Nasdaq.
- SIX and Shanghai Stock Exchange sign an updated Memorandum of Understanding. SIX Swiss Exchange.