Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
EU-Swiss Exchange Battle Continues: London Prepares to Delist Swiss Shares

EU-Swiss Exchange Battle Continues: London Prepares to Delist Swiss Shares

Daniela Sabin Hathorn,
What's on this page

Talking Points:

  • The EU still plans to not extend its equivalence with Switzerland as talks about a bilateral agreement have stalled
  • Swiss shares could suffer further drops if they are delisted from London exchanges from July 1
  • CHF was trading softer against major currencies

Swiss stock exchanges are prepared to retaliate against the EU’s decision to end its stock market equivalence with Switzerland after frustrated talks to achieve a long-term agreement to replace its many accords currently in place.

The Swiss Government has said it is ready to ban swiss shares from trading on EU exchanges from July 1 unless the EU grants Swiss exchanges an extension to their equivalence which expires at the end of June. The equivalence extension is the only leverage the EU has against Switzerland to achieve an agreement on governing policies, but the Swiss Government has reiterated in many occasions that they are open for discussion but will not be rushed into signing an agreement. If Swiss shares are no longer traded on European exchanges, then Swiss exchanges will be creating a monopoly which will eventually lead to an increase in trading costs and disruption.

And its effect on financial markets has started to show as London-based stock exchanges have been the first to announce they will stop listing Swiss shares by the end of the week if the relationship between the EU and Swiss Government continues to deteriorate. More than half of the traded volume of Swiss shares comes from European investors and large Swiss companies like UBS and Novartis could suffer a hit if no agreement is reached by July 1, continuing the losses they have suffered since the dispute began.


The swiss franc was trading softer against all major currencies as the possibility of losing EU venues for Swiss shares becomes and increasing possibility. The franc was down half of a percent against the safe-haven Japanese yen with CHFJPY trading around 109.80 going into the afternoon session. CHF also slid 0.76% against the NZD and 0.29% against the USD.


Eurozone Debt Crisis: How to Trade Future Disasters – Martin Essex, MSTA, Analyst and Editor


--- Written by Daniela Sabin Hathorn, Junior Analyst

To contact Daniela, email her at

Follow Daniela on Twitter @HathornSabin

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.