: SAGE: swiss market index

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swiss market index

The Swiss Market Index (SMI) is a weighted index for the Swiss Exchange (SWX), the stock exchange for Switzerland, which is based in Zurich. Because of its location in central Europe and also its neutrality in so many conflicts, as well as its well-known banking system, several stock trading operations had been established in Switzerland: in Geneva in 1850, Zurich in 1873, and Basel in 1876. [Source: Encyclopedia of Business in Today's World; Swiss Market Index]

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