SWX Sees Boost In Trading Volumes
The Swiss Exchange has reported year-on-year growth in trading volumes of more
than 50%, the exchange announced this month. The SWX and virt-x, the electronic exchange, recorded a combined total turnover
of CHF128 billion (US$103 billion) in July 2006. While this represents a month-on-month
decline in volume of 19%, a comparison with the first seven months of 2005
still reveals impressive growth of 51%. The growth leader in this period was the certificated derivatives segment,
which expanded by 64%. July saw volumes of equity products (+24%), certificated
derivatives (+ 10 %) and international bonds (+43 %) far exceed their year-back
levels. Meanwhile, movements in the share index show that prices were generally higher in July 2006: the SMIM price index has risen by more than 14% over the
year to date. On the bond front, however, the SBI is showing a loss of 2.1% since the
beginning of the year. A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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