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Exchange Trading

Exchange periods

Trading on the SIX Swiss Exchange is divided into different periods: pre-opening, opening, continuous trading, close of trading and post-trading. Most transactions are executed during continuous trading.

The table below shows the trading hours for all product groups traded on the SIX Swiss Exchange. The Exchange System opens at 6 a.m. and closes at 10 p.m.

Equity Market
Description Opening Closing Auction Close
All shares traded on SIX Swiss Exchange 9:00 a.m. 5:20 p.m. 5:30 p.m.

Bond Market
Description Opening Closing Auction Close
Swiss Federal Bonds 8:30 a.m. none 5:00 p.m.
Bonds (except for Swiss Federal Bonds) 9:30 a.m. none 5:00 p.m.

Fund Market and Exchange Traded Products
Description Opening Closing Auction Close
ETFs on Swiss Federal Bonds 9:00 a.m. none 5:00 p.m.
ETFs (except for Swiss Federal Bonds) 9:00 a.m. none 5:30 p.m.
ETSFs 9:00 a.m. none 5:30 p.m.
Investment funds 9:00 a.m. 5:20 p.m. 5:30 p.m.
Exchange Traded Products (ETPs) 9:00 a.m. none 5:30 p.m.

Derivative Market
Description Opening Closing Auction Close
Warrants on Swiss Federal Bonds 9:15 a.m. none 5:00 p.m.
Warrants on equity securities, baskets, indices, commodities, and currencies; structured warrant products, certificates, structured bond products 9:15 a.m. none 5:15 p.m.
Rights 9:15 a.m. none 5:15 p.m.
Interest-rate derivatives, credit-linked notes, bond-linked notes 9:30 a.m. none 5:00 p.m.

More information on Exchange periods, trading hours, market models and extraordinary situations

Order validity

In connection with the Exchange periods, your buy and sell orders may take on other forms that are purely time-based.

Description / Price/limit: Description
Good for day / Market or limit Your order is valid from the time it is entered until the close of the trading day. This is also called "valid for day". It is the shortest possible duration of order validity.
Description / Price/limit: Description
Good-till-date / Market or limit Your order is valid from the time of entry until a date specified by you, provided the order is not executed in this period. You may cancel the order as long as it has not been executed.