In the first three months of 2007, a total of CHF20.6 billion (US$16.9 billion) worth of structured products changed hands in the Swiss market of SWX Quotematch AG, a jointly owned subsidiary of the SWX Group and Deutsche Boerse AG.
The number corresponds to a 58.4% increase over the comparable prior-year quarter and also represents the second-strongest quarter in Swiss securities exchange history. A significant increase was also recorded in total trading volume, with 674,104 trades executed in the first quarter – a 27.8% gain compared to the same period in 2006.
On average, each month witnessed the admission of 2,000 new investment and leveraged products. The number of tradable instruments on SWX Quotematch AG at the end of March 2007 amounted to 13,257. During the initial trading days of April, an additional 400 new products were admitted to the market. As a result, investors have an increasingly wide range of products to help them implement their investment strategies in an optimal manner.
From Tuesday, the new swxquotematch.com website became accessible for all investors. The website enables searches to be made either by product type or underlying instrument, as well as pages with the latest market information. It also provides investors with information about structured products.
The new exchange for structured products, launched on January 1, 2007, operates in Switzerland under the name SWX Quotematch AG, and in Germany as Boerse Frankfurt Smart Trading AG.
The new company unites the strength of the SWX Group and Deutsche Boerse AG in a market segment with considerable growth potential, and aims to establish a new market standard.
The new company has also become a partial owner of the warrant-certificate and certificate trades at the Frankfurt Stock Exchange. In the medium term, trading on the two exchanges will migrate to a joint technology platform.
The new company is domiciled in Luxembourg and has subsidiaries in Germany and Switzerland. Its objective is to become the leading European exchange for the market segment of structured products.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, trusts and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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