SIX Concentration Analytics (Member)
SIX Concentration Analytics (Member)
SIX Concentration Analytics (Member)
SIX Concentration Analytics (SCA) measures how liquidity is distributed across the order book for each SIX-listed equities, helping users quantify concentration vs. dispersion at and around the top of book. Metrics are intended for market quality monitoring, venue insights, and strategy research (e.g., assessing depth distribution and resiliency), measured by the Herfindahl-Hirschman Index (HHI). SIX Market Signal delivers this product as a historical analytics dataset with daily updates, ready for dashboards and quantitative workflows.
Two Datasets in One Product
- SIX_HHI_MEMBER
- SIX_HHI_MEMBERORG
Free Historical Trial Data
Prospective clients may benefit from a free trial of SIX Concentration Analytics historical data before onboarding the T+1 product. The historical trial dataset is refreshed quarterly on a rolling basis and maintains a minimum three-month delay from the current date. For complimentary access to the historical trial dataset, please contact marketsignal@six-group.com.
Product Guide
Ordering the trial data or T+1 Products
- Signed SIX Analytics Agreement: For the trial data and/or the Analytics T+1 Product the signed Analytics Agreement is required.
- SIX Analytics General Terms and Conditions
- Order Form: Filled out order form
- Affiliate List: Subsidiaries, and any holding company of the User and any Subsidiary of such holding company. For the purpose of this definition, a subsidiary means a company in which the Distributor owns directly or indirectly more than 50% (fifty percent).
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Use Cases
- Market-quality and venue surveillance
- Member and participant concentration monitoring
- Best-execution and liquidity analysis
- Identifying instruments where flow is dominated by a few members
- Comparing customer vs. non-customer and aggressive vs. passive concentration
Highlights
The SIX_HHI_MEMBER dataset measures how concentrated trading is across SIX Swiss Exchange members for each instrument and day — quantifying whether activity is dominated by a handful of participants or broadly dispersed, via the Herfindahl-Hirschman Index (HHI). What sets it apart is the decomposition: every concentration metric is broken out by side (buy/sell), liquidity flag (aggressive/passive), flow type (customer/non-customer), and auction phase, each paired with its matching executed volume. Whether you're surveilling market quality, benchmarking best-execution, or researching Swiss equity microstructure, this dataset shows not just how much an instrument traded but how that activity was distributed among the members behind it. Pairs naturally with SIX_HHI_MEMBERORG for organization-level concentration and SIX_FLOW_ANALYTICS / SIX_FLOW_ANALYTICS_V2 for flow composition.
Provider
Methods
https://api.marketsignal.six-group.com/v1/data/CORE/SIX_HHI_MEMBER?token=<your token>https://api.marketsignal.six-group.com/v1/data/CORE/SIX_HHI_MEMBER/isin?token=<your token>- https://api.marketsignal.six-group.com/v1/data/CORE/SIX_HHI_MEMBER/CH0038863350
- https://api.marketsignal.six-group.com/v1/data/CORE/SIX_HHI_MEMBER/CH0038863350?from=2026-07-01&to=2026-07-31&format=csv
Time Series Query Parameters
You can use any time series query parameters with this dataset.
View the full documentation →
Response Attributes
| Key | Type | Description |
|---|---|---|
isin key | string | ISO 6166 International Securities Identification Number of the instrument. |
date index | string | Trading date the metrics are computed for (YYYY-MM-DD). |
| hhi_auction | float64 | Member-concentration HHI computed over auction-phase volume. |
| trade_volume | integer | Total executed trade volume for the instrument on the day. |
| aggressive_trade_volume | integer | Executed volume from aggressive (liquidity-taking) orders. |
| hhi_buy | float64 | Member-concentration HHI computed over buy-side executed volume. |
| hhi_auction_buy | float64 | Member-concentration HHI over auction buy-side volume. |
| customer_trade_volume | integer | Executed volume attributed to customer (client) flow. |
| hhi_customer | float64 | Member-concentration HHI computed over customer (client) flow. |
| passive_trade_volume | integer | Executed volume from passive (liquidity-providing) orders. |
| hhi_customer_buy | float64 | Member-concentration HHI over customer buy-side volume. |
| hhi_noncustomer_sell | float64 | Member-concentration HHI over non-customer sell-side volume. |
| trading_segment_id | integer | Identifier of the SIX trading segment the instrument trades in. |
| hhi_noncustomer | float64 | Member-concentration HHI computed over non-customer (proprietary) flow. |
currency subkey | string | Trading currency of the instrument (ISO 4217). |
| noncustomer_trade_volume | integer | Executed volume attributed to non-customer (proprietary) flow. |
| hhi_aggressive_buy | float64 | Member-concentration HHI over aggressive buy-side volume. |
| hhi_passive_sell | float64 | Member-concentration HHI over passive sell-side volume. |
| group | string | SIX instrument/trading group the security belongs to. |
| auction_trade_volume | integer | Executed volume from auction phases (opening, closing and intraday auctions). |
| hhi_aggressive_sell | float64 | Member-concentration HHI over aggressive sell-side volume. |
| hhi | float64 | Herfindahl-Hirschman Index of trading concentration across members for the instrument/day. Higher values indicate volume concentrated among fewer members; lower values indicate more dispersed participation. |
| hhi_noncustomer_buy | float64 | Member-concentration HHI over non-customer buy-side volume. |
| hhi_auction_sell | float64 | Member-concentration HHI over auction sell-side volume. |
| hhi_passive_buy | float64 | Member-concentration HHI over passive buy-side volume. |
| hhi_aggressive | float64 | Member-concentration HHI computed over aggressive (liquidity-taking) volume. |
| hhi_sell | float64 | Member-concentration HHI computed over sell-side executed volume. |
| hhi_customer_sell | float64 | Member-concentration HHI over customer sell-side volume. |
| hhi_passive | float64 | Member-concentration HHI computed over passive (liquidity-providing) volume. |
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