First Trust’s two new products raise the total number of ETFs traded at SIX Swiss Exchange to 1,710.
Société Générale takes over market making “for continuous liquidity provision.”
“We warmly welcome First Trust Global Funds plc as new ETF issuer. As Europe’s third largest exchange, SIX Swiss Exchange offers a comprehensive selection of over 1,700 ETFs with a broad range of themes. In this way, we create a transparent basis for institutional and private investors to make well-founded investment decisions, whether for retirement savings or autonomy in financial matters.”
The two ETFs newly tradable as of now “provide investors with additional opportunities to diversify their portfolio with US and even global underlying while focusing on dividend-paying stocks or cybersecurity, respectively.”
With these two new listings nearly a quarter of the 1,710 ETFs listed at SIX Swiss Exchange provide “access to the US as an investment region.”
Trading turnover in ETFs “on book at SIX Swiss Exchange accounted for CHF 21.97 bn. in the first nine months of the current year, which is 8.6% lower compared to last year due to the challenging geopolitical and interest rates environment.”
Nevertheless, positive turnover is “trending in the third quarter by scoring CHF 14.55 bn which was up 8.96% compared with the previous quarter.”
First Trust is a privately owned U.S. based financial services firm “established in 1991.”
It distributes a range of First Trust U.S. registered ETFs and Irish domiciled UCITS funds.
As covered, SIX, the global financial information provider, is leveraging leading Network as a Service provider Megaport in order to “provide customers seamless private access to its data services via any major public cloud provider.”
The service is available as of today and “covers more than 100 cloud regions as well as hundreds of data centers across North America, Europe and Asia Pacific.”
The expanded connectivity offering – SIX Connect – is “part of a wider strategy to deliver clients unrivaled flexibility with regards to data access.”
It provides SIX customers “with secure, rapid connectivity to its entire suite of data services via the cloud or physical data centers.” This includes SIX streaming, web, and file-based data services, “used by many buy and sell-side institutions globally.”
Benefitting from Megaport’s global network and technology, SIX can “enable private cloud access to all customers irrespective of cloud provider preference.”
This includes AWS, Microsoft Azure, Google Cloud and Oracle Cloud, among others. In this way, SIX provides “a significant extension of its client-facing market data network infrastructure without the need for clients to re-engineer existing technology stacks.”