Scoach achieved a trading volume of EUR42.6bn in Zurich and Frankfurt in 2012.
Since it was founded, Scoach has held its number one position in Europe continually and ranks third in global terms behind the Hong Kong Exchange and the Korean Exchange.
Its total offering of more than 950,000 tradable products is the largest in the world.
Turnover in Frankfurt stood at EUR16.1bn in 2012, 18 per cent less than in 2011. At 1.8 million, the number of transactions was 34 per cent lower than in 2011.
The average order volume increased by 25 per cent to approximately EUR9,000 per transaction.
Turnover in the Swiss market was around CHF31.9bn (EUR26.4bn), making it about 38 per cent less than in 2011. The number of listings fell by 14 per cent to over 45,000 products.
Christian Reuss (pictured), chief executive of Scoach, says: “2012 is difficult to compare with 2011, which was marked by a series of one-off effects. However, the decline in trading activity at Scoach is similar in scale to that seen on other exchanges and with other financial products.
“Particularly in the current regulatory environment, we are concerned about the trend towards market fragmentation and especially off-exchange, non-regulated trading. The move away from transparency in trading with private investors, which is conditioned by the current cost pressure, could undermine the credibility of the industry that has been built up over many years.”
The Hedgeweek Awards 2013 for the best hedge fund performers and service providers will be held in London towards the end of Q1 2013. Please click here to nominate your product/firm.