SIX Swiss Exchange Update (Dec. 20, 2025): SMI Near 13,200 as Trading Hits CHF 1 Trillion, EuroCTP Tape Chosen, and 2026 Outlook Takes Shape
Zurich — Dec. 20, 2025. Swiss markets are paused for the weekend, but the Swiss Exchange story is still moving. The most recent session (Friday, Dec. 19) left the Swiss Market Index (SMI) hovering just shy of the 13,200 area, while the market digested a busy December mix of exchange milestones (turnover and ETF listings), big regulatory plumbing news (Europe’s consolidated tape decision), and a macro backdrop defined by a zero-rate Swiss National Bank and softer—but still positive—growth forecasts for 2026. ESMA+4Nasdaq+4Trading Economics+4 At the center sits SIX Swiss Exchange, the core trading venue in Switzerland and part of the