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07.08.2017 Participants

Record month for SwissAtMid

The Monthly Execution Report provides the latest figures for SIX Swiss Exchange at Midpoint, the non-displayed pool for Swiss equities.

In July 2017 SwissAtMid enjoyed a new record turnover of just under CHF 500 million. 21 July was a new single day record for the service with over 43 million CHF traded across the market. Average daily turnover for the month ended up at over CHF 23 million. Trading participants saved an average of over 8 bps in the Small and Mid Cap Segment and 4 bps in the Blue Chip shares by using SwissAtMid.

Rob Cranston, Head Equity Product Management, comments: "It is great to see the value being generated for firms using the service. The first service offering a truly accurate mid-point price for Swiss instruments has been very well received and we can see further growth to come."

The detailed figures are available in the SwissAtMid Monthly Execution Report[pdf]. If you'd like to subscribe to the report and receive it per e-mail, please contact our Equity Product Management team. Previous editions of the report are available in the archive.

Providing best execution and price improvements

SIX Swiss Exchange at Midpoint offers all participants best execution possibilities on Swiss equities with price improvement over visible pricing on the exchange. SwissAtMid combines a non-displayed order book and the specific "Sweep" order type.

A video clip on our website shows you how SwissAtMid works and how participants can enjoy its numerous benefits.

SwissAtMid was successfully introduced in October 2016. It is operated in parallel to SLS, the long-standing partnership between SIX Swiss Exchange and Liquidnet that offers block liquidity in a pan-European securities universe with unrivalled average execution size and minimal market impact.

Our website provides more information on Trading without pre-trade transparency.

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