Swiss market on the up, reverse convertibles thrive

SIX Swiss Exchange Turnover for structured products traded on the SIX Swiss Exchange reached CHF853m (US$937m) in April – down 9.5% compared to the previous month but an increase of 48% year-on-year (YoY). April had 21 trading days with an average of 1,861 trades and an order size of CHF19,080 (March: CHF22,160). The total number of tradeable structured products increased by 5.47% to 60,696. Some 10,300 new products were listed during the month – up 1.2% from March and an increas