Today marks the first anniversary of SeDeX's successful migration to the Optiq platform - a challenging yet rewarding journey for all stakeholders involved.
Over the past year, we've witnessed the tangible benefits of our efforts. SeDeX now operates on a cutting-edge market model for securitized derivatives, the "Request for Execution", offering Extended Trading Hours from 8:00 AM to 10:00 PM.
This new model has empowered Liquidity Providers to enhance their pricing, resulting in tighter bid-ask spreads and fostering increased trading activity.
In 2024, SeDeX and Cert-X have achieved an average of 12,324 daily trades - up 27% from 2023, and a daily turnover of €111 million, reflecting a 41% increase year-over-year.
Additionally, 19% of Knock-Out products, 17% of Constant Leverage Certificates, and 16% of Warrants are now executed during Extended Trading Hours.
These milestones are particularly meaningful as they coincide with the 20th anniversary of the SeDeX market (2004-2024), a moment to celebrate our achievements, reflect on the progress we've made, and look ahead with excitement to future challenges and opportunities.