Swissquote Group Holding SA (SWX:SQN) has announced that it is expanding its range of products on the Swiss DOTS trading platform, with the addition of new issuer Vontobel Investment Banking.
Approximately 10,000 additional leveraged products will be issued from launch. This complements the existing offering from UBS and Goldman Sachs as well as from Commerzbank and Deutsche Bank.
Founded in May 2012 by Swissquote, together with Goldman Sachs Group Inc (NYSE:GS) and UBS Group AG (USA) (NYSE:UBS), the Swiss DOTS trading platform is being further strengthened. As the fifth issuer of leveraged products on Swiss DOTS, Vontobel completes the group of existing partners. During the weeks following the launch, Vontobel will offer around 10,000 leveraged products, including warrants, knock-out warrants and mini futures on various underlying financial instruments such as international and Swiss equities, currency pairs, indices and precious metals.
Swiss DOTS already enables Swissquote clients and PostFinance e-trading clients to trade more than 60,000 leveraged products over the counter. Available exclusively via the Swissquote platform, these products can be traded directly with the issuers during extended trading hours, Monday to Friday, 08:00 to 22:00. With attractive conditions, transparent trading and tight spreads, Swiss DOTS represents an ideal complement to the existing offering from SIX Structured Products Exchange (SSPE).
According to Marc Bürki, CEO of Swissquote Bank Ltd.,
We are delighted to welcome Vontobel – one of the leading issuers of leveraged products in Switzerland – to our efficient trading platform. As a result, clients will benefit from an even more complete range. For Swissquote, this partnership is an outstanding opportunity to continue to PUrSUe its growth strategy in the derivatives sector.
Swiss DOTS has reported constant growth. On average, approximately 16,000 transactions are performed via the platform each month. The number of transactions compared to all transactions with leveraged securities at the SSPE rose to 42% as at end-February 2017.
More on Swiss DOTS can be seen at https://www.swissquote.com/swissdots.