SIX Exchanges Figures: December 2023

• SIX publishes the monthly key figures for SIX Swiss Exchange and BME Exchange about the trading and listing activity in Switzerland and Spain

*includes all respective trading segments for SIX Swiss Exchange and BME Exchange except Financial Derivatives; exchange rate provided by the SIX currency converter, For indices, “YTD Change” refers to the change since beginning of the year,

BME

• The Spanish Exchange closed the year with 2.29 billion trades, 2.1% more than in 2022, and a capitalization of 1.2 trillion, up 16.8% on the previous year
• Fixed Income markets channeled €405 billion of new funding, up 8.7%, boosted by the new Securities Markets Act
• New members and more functionalities in the MEFF Derivatives market

The Spanish equities market closed the year with 2.29 billion trades, 2.1% more than in December 2022. The cumulative effective volume traded through December was 301.2 billion euros. At December 31, the Spanish stock market had a capitalization of 1.2 trillion, up 16.8% on the previous year. The IBEX35® also followed this positive trend, rising by 22.8%. Including dividends distributed, the index's total return reached 28%. Capital increases amounted to 4,245 million euros (5,572 million in 2022).

BME Growth added 10 new companies, 3 of which were SOCIMIS. Companies already listed on this market raised more than 540 million euros in capital increases. To continue supporting companies at all stages of their growth, BME launched BME Scaleup, a market aimed at companies in the early stages of development.

BME's Fixed Income markets channeled more than €405 billion of new financing to the public and private sector, 8.7% more than in 2022. Particularly relevant for the AIAF Market was the entry into force in September of the new Securities Markets Law, which transferred to BME certain powers in admission to trading, facilitating issuance in the regulated market. Since then, new issues of bonds and promissory notes have been registered by Caixabank, Bankinter, Banco Santander, BBVA Global Markets, Abanca, Unicaja Banco, Banco Sabadell and Deutsche Bank. Meanwhile, the MARF, which celebrated its 10th anniversary in October, continued to grow with the debut of 12 new companies and more than 15 billion euros issued, 11.6% more than in 2022.

The MEFF Derivatives market successfully implemented new functionalities in retail trading and introduced new features in options on the IBEX 35®. In addition, new members joined both the financial derivatives (TP ICAP Europe) and energy derivatives (Pavilion Energy Spain) segments, improving the overall diversity and competitiveness of the market.

SIX

• Trading turnover full year 2023: CHF 1,046.3 billion (previous year: CHF 1,208.1 bn) with 46,094,349 transactions (60,810,665).
• Swiss blue chip index SMI® at 11,137.8 points (+3.8% versus the end of 2022)
• 10 companies completed successful listings
• 5 new product issuers and 1 trading participant joined

In the year 2023, ten companies chose to issue and list equity securities on SIX Swiss Exchange – with an aggregated transaction volume of around CHF 2.2 billion equivalent. The highlight of the year was the listing of Sandoz, the spin-off from Novartis, with a market capitalization of around CHF 10.5 billion. As the novelty of the year, R&S Group can be named as the company listed at SIX Swiss Exchange via a business combination with VT5 Acquisition Company, the first SIX-listed Swiss Special Purpose Acquisition Company (SPAC). And in addition, eight Chinese issuers listed Global Depository Receipts (GDRs) raising around USD 2.4 billion. Equally important is the fact that companies that are already listed made active use of the Swiss capital market and were able to raise around CHF 8.3 billion via equity capital increases in the past year (CHF 7.0 billion in 2022).

Around CHF 116 billion (CHF 114 billion in 2022) were raised by debt capital instruments (bonds and money market papers), out of which bonds raised an equivalent amount of CHF 116 billion (CHF 110 billion in 2022), exceeding the CHF 100 billion mark for the second time in a row. In total, the bond segment saw 436 new listings (393 in 2022), of which around 90% were denominated in Swiss Francs.

In the product segments, five new issuers joined SIX Swiss Exchange over the course of the year: the ETF issuers AXA Investment Managers and First Trust, the ETP issuer CAT Financial Products as well as the two investment fund issuers Zurich Invest Ltd and Sustainable Real Estate AG, adding two more real estate funds to the existing offering of 46 actively managed investment funds. In 2023, the number of both ETFs and structured products available to investors reached new records, with 1,700 and 60,000 respectively. For the first time, the number of newly listed structured products in a year passed the 100,000 threshold, reaching 102,504 (2022: 95,207), while 150 new ETFs were listed.