Liquid Capital has become the 22nd market maker in the ETF segment of SIX Swiss Exchange. The firm now quotes prices for a total of 24 fixed income ETFs, primarily those offering government bond exposures. The London-based company is part of the Liquid Capital Group which operates globally with further offices in Sydney, Hong Kong and Chengdu and trades on over 25 exchanges. It has been a trading participant of SIX since October 2016.
ETF turnover on SIX reached a new annual record of over CHF 100bn in 2016.
Tomasz Mazur, Head of ETF Trading at Liquid Capital commented: “Liquid Capital Management is a specialised fixed income ETF market maker, providing liquidity in funds with exposure to government, corporate, high yield, inflation and emerging market debt. Through our strong focus on precise pricing and rigorous risk management, we are going to deliver competitive two-way prices on SIX Swiss Exchange.”
SIX was one of the first European stock exchanges to offer ETF trading in autumn 2000. In 2016, turnover in the ETF segment reached a new all-time high of CHF 103.8 billion and there are currently more than 1,200 ETFs listed on SIX.
Danielle Mair, Senior ETFs & ETPs Sales Manager at SIX, said: “We are happy to see Liquid Capital become a part of the ETF growth story on our exchange. We wish them successful market making and are confident that both investors and product providers will benefit from the additional choice that Liquid Capital presents.”