SWX Swiss Exchange is Switzerland's stock exchange, based in Zurich.

The main stock market index for the SWX Swiss Exchange is the SMI. The index consists of the 20 most significant equity-securities based on the free float market capitalisation.

The exchange also trades other securities such as Swiss government bonds and derivatives such as stock options.

The SWX is the first stock exchange in the world to incorporate a fully automated tradingsystem in 1995..

The SWX is the joint owners of the Eurex, world's largest futures and derivatives exchange along with their German partners Deutsche Borse. In July 2004, the Swiss Stock Exchange rejected a proposal of merger from the German company.

In September 2006, the Swiss Market Index crossed its previous all time high set nearly eight years ago.

Image: SWX Swiss Exchange