SWX Messages

SWX Messages are mainly intended for institutions and individuals who have a direct relationship with the SWX Swiss Exchange and therefore must fulfil various regulatory obligations and organisational tasks.

Exchange Trading

Exchange trading messages primarily concern revisions to directives, changes in the participant base, the commencement of trading in new issues, as well as technical topics of a trading nature. These messages are sent directly to SWX participants/traders.

Surveillance & Enforcement Messages

The Surveillance & Enforcement division of SWX publishes Messages pertaining to the fulfilment of reporting requirements within the scope of the general reporting obligations imposed on all SWX traders.

Admission Board

The Admission Board is the SWX governing body that administers the listing of securities on the Exchange. It is responsible for issuing concrete decisions as well as for supervising compliance with the obligations imposed on issuers during the listing process. The Admission Board enacts Directives pertaining to the individual provisions of the Listing Rules, explains its practice in Admission Board Circulars, and publishes its decisions in the form of Communiqués.

Disclosure Office

The SWX Disclosure Office issues Messages as a means of specifying its practice with regard to the application of individual provisions of the Stock Exchange Act and Federal Banking Commission Stock Exchange Ordinance.