13 for $1886 billion Values of Share Traded.
15 for $1271 billion Domestic Market Capitalization.
History:
The Swiss Stock Exchange (SWX), based in Zurich is the world’s first stock exchange to incorporate a fully automated trading, clearing and settlement system in 1995. The Swiss Stock Exchange (SWX) is controlled by an association of 55 banks. Each of these banks has equal voting rights in the matter of decision making concerning the management and regulation of the Swiss Stock Exchange. The exchange also trades other securities such as Swiss government bonds and derivatives such as stock options.
New Basel Stock Exchange, 1986
Having the most competitive economy in the world according to the World Economic Forum, has not rescued the Swiss economy from its slow growth that began back in the early 1990s. From being the richest in the European continent through the larger portion of the last century, Switzerland presently ranks fourth amongst the European countries (having a population that exceeds one million) after Ireland, Denmark and Norway.
The Swiss Stock Exchange (SWX) is the joint owners of the Eurex, the world's largest
Place de la Fusterie, Geneva 1706futures and derivatives exchange along with their German partners Deutsche Börse. In July 2004 however the Swiss Stock Exchange (SWX) rejected a proposal of merger from the German company that analysts anticipate as profitable for many small companies enlisted on the Swiss Stock Exchange (SWX).
The Swiss Stock Exchange (SWX) has a blue-chip index as its stock market index. It is called the Swiss Market Index (SMI) and comprises of a maximum of thirty largest and at the same time most liquid, large and mid-cap SPI stocks.
A trading ring at the new
Geneva Stock Exchange, 1986
The good news is that in September 2006 the Swiss Market Index (SMI) crossed its previous all time high which was set nearly eight years ago. This reflects the improved performances of the major Swiss companies enlisted on the Swiss Stock Exchange.
The most recent reports state that The Swiss Stock Exchange (SWX) is willing to engulf the electronic stock market - Virt-x, which was founded in the first place through the merger of the Swiss Stock Exchange with Trade point; a London based electronic stock market.
List of Indices:
1. Swiss Market Index, SMI
2. Swiss Performance Index, SPI
Trading sessions:
The exchange's normal trading sessions are from 09:00AM to 05:30PM on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.
NewYork – 3.00 AM – 11.30 AM
London – 8.00 AM – 4.30 PM
India – 12.30 PM – 9 PM
Shanghai – 3.00 PM – 11.30 PM
Tokyo – 4.00 PM – 12.30 AM
Australia – 6.00 PM – 2.30 AM
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