Digital & Technology

SIX Reports Solid Results for 2022 Despite Challenging Market Conditions

SIX successfully grew in the majority of its business units at constant currencies, despite the challenging environment. The diversified business model of SIX once again demonstrated its worth. The year under review also marked the second consecutive year of BME fully contributing to the company results. Going forward, SIX will continue to focus on tapping into further client segments and leveraging business opportunities in the areas of ESG and digital assets.

The diversified business model of SIX once again demonstrated its worth. SIX grew its operating income in the Banking Services business unit by 6.0% in reporting currency and by 6.8% in constant currencies. The operating income in the Financial Information business unit also grew, by 1.1% in reporting currency and 4.3% at constant currencies. Investments into these business units over the past three years have paid off and largely compensated for the declines in the Exchanges and Securities Services business units of SIX as a result of unfavourable market conditions.

SIX successfully launched new products in all business units, and pushed the strategic expansion into ESG markets and digital assets. In the Financial Information business unit, SIX expanded its ESG data and services offering as part of the EU Sustainable Finance Action Plan. With a series of new offerings on SIX Digital Exchange (SDX), SIX has prepared the foundation for the future of financial market infrastructures and services based on distributed ledger technology (DLT).  

In the past year, SIX finalized the acquisition of one of the the leading European trade repository REGIS-TR and expanded numerous services in its international custody business.

SIX continued to build on its growth strategy, focusing on increasing volumes on its infrastructures and expanding its international reach. SIX welcomed a total of 14 new companies on SIX Swiss Exchange, including nine GDR listings and the first listing in the “Sparks” SME-segment. In Spain, BME welcomed a total of 18 new companies, thereof 15 in the "BME Growth“ segment, one in “Latibex” and two in the main market. The global presence of SIX in the custody markets was strengthened with an office opening in Singapore.

Further milestone projects included the expansion of the CONNEXOR reference data platform into Spanish markets, the consolidation of market data feeds and SWIFT systems in both home markets, as well as the settlement and custody of Swiss securities now possible via the Spanish central securities depository Iberclear.

 

Jos Dijsselhof, CEO SIX: "Despite challenging market conditions, we have delivered a solid result. It is paramount for an international infrastructure operator like ourselves that our customers and all market participants can always rely on us. We continuously invest in new and improved services, as well as in our infrastructure and security. We shape the Swiss and Spanish capital markets for the future and make them the go-to markets for customers and clients around the globe.”