BX Swiss

What BX Swiss does

BX Swiss is a FINMA-regulated Swiss stock exchange and a wholly owned subsidiary of Boerse Stuttgart Group, headquartered in Zürich with a secondary office in Bern. The venue operates during Swiss trading hours (09:00 – 17:30) and offers a multi-asset trading platform covering shares, derivatives (deriBX, 5,079 instruments including tracker certificates on Bitcoin, Ethereum, and Ripple as well as leveraged factor warrants), exchange-traded products (129 ETPs spanning crypto, commodity, and proprietary index exposures such as the BX Swiss Morningcall ETP), exchange-traded funds (964 ETFs from providers including iShares, Invesco, and Xtrackers), funds (99), asset management company listings (3,185 AMC), and bonds (190). The exchange is supported by a suite of issuer-facing tools — a Prospectus Review tool (via regservices.ch), a Reporting tool, an Issuer Extranet, and a personalized Watchlist — alongside media content under the BX Swiss TV and BX Morningcall brand.

The company serves three primary customer segments: listed issuers (companies, funds, ETPs) seeking capital-markets access and visibility; trading members and paying agents (Swiss and international banks and brokers including UBS, Credit Suisse, ZKB, Julius Bär, Vontobel, Swissquote, Bank J. Safra Sarasin, Commerzbank, and BEKB) providing market-making and trading infrastructure; and retail and institutional investors accessing Swiss-regulated exchange products. Revenue is generated through exchange listing fees and trading/transaction fees, with specific fee schedules not publicly disclosed. In December 2023, Leonteq acquired a 10% strategic stake in BX Swiss to deepen structured-product collaboration, and the exchange is led by CEO Lucas Bruggeman.

Name

BX Swiss

Legal name

BX Swiss

Website

https://bxswiss.com

Company type

Private

Founded year

1884

Operating status

Operating

Headcount range

11–50 employees

Short description

BX Swiss is a FINMA-regulated Swiss stock exchange and subsidiary of Boerse Stuttgart Group, operating a multi-asset trading platform for shares, derivatives, ETFs, ETPs, funds, and bonds. It serves Swiss and international issuers, trading-member banks, and retail and institutional investors.

Ownership category

akta.pro rank

Product category

Securities Exchange

NAICS

Securities and Commodity Exchanges (5232), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Electronic Bond Trading Networks (Dealer-to-Client / All-to-All) (FSAFACAE)

Keywords

• Securities exchange
• Equity trading
• Derivatives trading
• ETF listing
• Exchange-traded products

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Exchange Listing and Trading Fees: BX Swiss generates revenue through listing fees for securities and trading/transaction fees from market participants trading listed instruments on the exchange.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

BX Swiss operates a FINMA-regulated Swiss securities exchange that lists and facilitates trading of multiple asset classes — shares, 5,079 derivatives (deriBX) including crypto tracker certificates and factor warrants, 129 ETPs, 964 ETFs, 99 funds, 3,185 AMCs, and 190 bonds — for issuers, trading member banks/brokers, and retail and institutional investors during 09:00–17:30 Swiss time. The exchange also provides issuer-side tools (Prospectus Review, Reporting Tool, Issuer Extranet) and investor-facing media such as BX Swiss TV and the BX Morningcall show.

Product overview

BX Swiss operates as a Swiss stock exchange (subsidiary of Boerse Stuttgart Group) offering a multi-asset trading platform for institutional and retail investors. The core offering includes Shares (equities), deriBX (5,079 derivative products including tracker certificates on crypto assets and leveraged factor warrants), ETP (129 exchange traded products including crypto and commodity-backed products), ETF (964 exchange traded funds from providers such as iShares, Invesco, Xtrackers covering equities, ESG, AI and clean energy), Fund (99 funds), AMC (3,185 asset management companies), and Bonds (190 bonds). The platform operates trading hours of 09:00 – 17:30 Swiss time. BX Swiss also provides supporting tools including a Prospectus Review tool, Reporting tool, Issuer Extranet, and personalized Watchlist functionality, along with media content through BX Swiss TV and the BX Morningcall show.

Differentiator

Problem solved

Functional benefit

Products and services

• Shares Trading
• deriBX (Derivatives)
• ETP (Exchange Traded Products)
• ETF (Exchange Traded Funds)
• Fund Listings
• AMC (Asset Management Company) Listings
• Bond Listings
• BX Swiss Morningcall ETP

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Boerse Stuttgart GroupflagshipOthersBX Swiss is a subsidiary of Boerse Stuttgart Group, providing the exchange with corporate backing and integration into a broader European exchange ecosystem.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SIX Swiss Exchange: SIX Swiss Exchange is the dominant regulated Swiss securities exchange, operating primary markets for Swiss equities, bonds, ETFs, and structured products. It is the most direct competitor to BX Swiss in the Swiss market, competing for the same issuer base, trading members, and investor flow across multi-asset classes.
• Boerse Stuttgart: Boerse Stuttgart is the parent group of BX Swiss and operates its own German retail exchange covering equities, exchange-traded products, and structured products (particularly derivatives). As BX Swiss's parent and sister venue, it is the most operationally comparable peer, sharing product categories, trading models, and regulatory frameworks.

Broad incumbents

• Euronext: Euronext operates pan-European regulated exchanges in Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, and Paris, covering equities, ETFs, bonds, and derivatives. As a broad incumbent multi-asset European exchange operator, it competes for cross-border listings, ETF listings, and structured product placements that could otherwise list on BX Swiss.
• Deutsche Börse: Deutsche Börse operates the Frankfurt Stock Exchange (Xetra) and Eurex derivatives venue, covering cash equities, ETFs, structured products, and listed derivatives. It is a broad incumbent with significant overlap in ETF, ETP, and derivative product categories served by BX Swiss, and competes for global issuer listings.
• London Stock Exchange Group: LSEG operates the London Stock Exchange and Borsa Italiana, providing primary and secondary markets for equities, ETFs, bonds, and structured products. As a global exchange operator with deep ETF and structured product franchises, it competes with BX Swiss for international issuer listings and European trading flow.
• Nasdaq, Inc. Nasdaq operates major exchanges across the US and Nordics (Copenhagen, Helsinki, Iceland, Stockholm) covering equities, ETFs, and structured products. Its Nordic venues compete with BX Swiss for ETF and structured product listings from Nordic and pan-European issuers.
• Cboe Europe: Cboe Europe operates pan-European lit and dark equity trading venues and a growing derivatives franchise. While primarily a trading venue rather than a listing exchange, it competes with BX Swiss for European ETF and equity trading flow and represents a comparable multi-jurisdiction European exchange operator.

Regional players

• Wiener Börse (Vienna Stock Exchange): Wiener Börse is the main Austrian securities exchange, operating cash markets in equities, ETFs, and structured products, plus a CEE-listed products segment. As a mid-sized European national exchange with structured product and ETF focus, it is comparable to BX Swiss in scale and product mix, though serving primarily Austrian and CEE markets.
• BME (Bolsas y Mercados Españoles): BME operates the Spanish stock exchanges and a Latin American ETF platform (Latibex), plus the MEFF derivatives venue. As a regional European multi-asset exchange operator owned by SIX Group, it competes with BX Swiss for ETF and structured product listings from southern European issuers.

Emerging players

• Aquis Exchange: Aquis Exchange operates pan-European equity trading and a regulated UK growth company listing venue (Aquis Stock Exchange). As a smaller, technology-focused European exchange, it is comparable to BX Swiss in scale and represents an emerging alternative for issuers and trading flow.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCt-H_CHp388z-4df3yJr-Jg?sub_confirmation=1
• LinkedInlinkedin.com/company/bx-swiss
• Instagraminstagram.com/bxswiss

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BX Swiss