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SIX Exchange Charts

The Swiss Exchange, or SIX, is the largest stock exchange in Switzerland. It is one of two primary stock exchanges in the nation. The other is the Berne eXchange. In addition to stocks, derivatives and government bonds. SIX is based in Zurich. The Swiss exchange is overseen and managed by a network of 55 large banks. SIX was the first stock exchange to implement a fully automated trading, clearing, and settlement system. It did this in the year 1995. These systems are now very common for stock exchanges all around the world.

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Swiss Market Index (SMI)

The Swiss Market Index, or SMI, is the benchmark index for the Swiss Exchange This index consists of the top 20 Swiss stocks based on free-float market capitalization. The SMI is a blue chip index and companies that are listed on it are the most successful companies in Switzerland. The SMI was first offered to the public on June 30th, 1998. 20 years later, the SMI is still going strong. The SMI securities represent roughly 90 percent of the entire market cap of all of the equities offered on the SIX from Switzerland and Lichtenstein combined. This goes to show how important the SMI is for Swiss equities.

The SMI was originally introduced with a baseline value of 1500 points. Real time calculations are used for the SMI index. Updates to this index are made once per year. Companies who remain in the top 20 by overall market cap stay in the index, and companies who do not are removed from the index and are replaced by other companies. The SMI is considered to be a mirror for the overall Swiss stock market. So its performance is highly indicative of the health of the Swiss economy at large. The SMI is used for a number of options, derivatives, and ETFs as the underlying index.