Switzerland’s first-ever financial fair for structured products has been
declared a "resounding success" by its organisers, Scoach Switzerland
Ltd. and the Swiss Structured Products Association (SSPA).
The event, which was held on 17-18 October, was attended by more than 4,500
institutional and private investors, who gained overview of the broad range of
structured products, the latest trends, and innovations in the marketplace.
In 2006, structured products recorded the highest growth rate of all securities
categories in Switzerland, and that growth has also persisted so far this year.
Parallel to the surging demand for structured products, the need for information
and product roadmaps has also increased.
“We wanted to take those needs
into account by organising a financial fair focused solely on structured products“,
noted Marc Zahn, CEO of Scoach.
“The success of this first financial fair for structured products reinforces
our conviction to pursue the SSPA’s path of providing comprehensive information
and clarification in terms of what structured financial products are all about,"
stated Roger Studer, President of the SSPA.
For next year, Scoach Switzerland Ltd. and the Swiss Structured Products Association
are already planning to organise another fair. The 2008 financial fair for structured
products will take place on 22-23 October 2008, in Zurich.
The market for structured products is growing rapidly. According to figures
from the Swiss National Bank, at year-end 2006, the value of structured products
held in clients’ custody accounts in Switzerland reached CHF 284 billion
(US$232 billion). Hoping to capitalise on this growth in demand, a new exchange
for structured products was launched in January 2007. This joint venture between
the Swiss Exchange and Deutsche Boerse, which operates in Switzerland under
the name SWX Quotematch AG, and in Germany as Boerse Frankfurt Smart Trading
AG, turned over a record CHF7 billion (EUR4.3 billion, US$5.7 billion) in its
first month, corresponding to 58% growth versus the same year-earlier month.