Switzerland Block Trade on SIX
Block-trade financing and discreet execution for large lines of shares listed in Switzerland — for sellers and acquirers who need to move size without disturbing the order book or the price.
From enquiry to print.
| — | Stage | What happens | Timing |
|---|---|---|---|
| 01 | Confidential enquiry | The line, the holding and the objective, shared through a secure channel. | Day one |
| 02 | Pricing the block | The line is sized and a price set against it; any discount reflects size and liquidity. | 1–2 days |
| 03 | Execution & print | Worked off the order book or negotiated, then printed under the exchange’s block-trade rules. | On the day |
| 04 | Settlement & disclosure | Settles on the standard cycle; any substantial-holding disclosure is sequenced around the print. | T+1 / T+2 |
Switzerland equity markets.
A Swiss block trade moves a large line of SIX-listed stock in a single negotiated transaction — off the order book, at an agreed price — so a holder can exit, or an acquirer build a position, without walking the screen. Black Haven can take the line onto its own book, giving the seller a clean, priced exit while the disclosure that follows a substantial transfer is managed around the print.
The Swiss market is concentrated in a small set of large-capitalisation names, so a block is measured against the daily turnover of that specific line rather than the market as a whole. Off-order-book trades between participants are reported on-exchange through SIX’s Two-sided Trade Report function, where each side enters and reconciles the print; settlement runs T+2 through SIX SIS. Where a transfer crosses an Article 120 FMIA threshold — 3% of voting rights and upward — the buyer, and often the seller, must notify the company and the Disclosure Office, so the reporting is planned before the line moves.
Switzerland block trades at a glance:
| Listed venue | SIX Swiss Exchange (SIX) |
|---|---|
| Regulator | Eidgenössische Finanzmarktaufsicht (FINMA) |
| Currency | CHF |
| Settlement | T+2 |
| Disclosure threshold | 3% |
| Principal indices | SMI, SLI, SPI |
| Structure | Off-market or negotiated-price |
Regulatory references are published for general orientation and are not legal advice.
Each Switzerland exchange, covered.
What holders ask about Switzerland.
01Does a block trade in Switzerland have to be disclosed?
02How large a block can be placed without moving the price?
03How do you execute a Switzerland block trade?
04How large a block can you handle in Switzerland?
05Does the block trade have to be disclosed?
06Can you finance the buyer of the block?
07What is the settlement cycle for a Switzerland block trade?
08At what level must a block be disclosed in Switzerland?
09Can you execute a block for a foreign or offshore seller?
10How quickly can a Switzerland block be executed?
Related guides.
What Is a Block Trade, and How Does One Work?
A block trade is the off-market sale of a large line of listed shares at a negotiated price, executed bilaterally and printed under exchange rules to avoid moving the open market.
Read → Block TradesHow Do You Sell a Large Block of Shares Without Moving the Price?
A large block is sold without moving the price by taking it off the open order book — negotiating off-market at an agreed price, often with a liquidity provider taking the risk, and printing under exchange block rules.
Read → DisclosureDo Block Trades Have to Be Disclosed?
Often yes. Once a significant shareholder crosses a market’s substantial-holding threshold, a block sale is generally notifiable to the regulator within a set window, with thresholds varying by jurisdiction.
Read →A particular Switzerland holding to talk through?
Send a confidential enquiry, and a senior principal will reply within one business day.