Leading online Swiss bank Swissquote Group Holding SA (SWX:SQN) announced that it has expanded its Swiss DOTS OTC trading platform.
As an additional issuer of leveraged products in Switzerland, BNP Paribas will join the group of partners on Swiss DOTS and will add approximately 10,000 leveraged products, including warrants, knock-out warrants, factor certificates and mini futures. This will complement the existing offering from the two founding partners, UBS and Goldman Sachs, as well as from Commerzbank and Vontobel. By contrast, Deutsche Bank will discontinue its Swiss DOTS offering at the end of the year.
Deutsche Bank will discontinue its activities as issuer on Swiss DOTS as from 31 December 2019. The reason is a strategic decision by management to realign the Bank’s activities.
The Swiss DOTS OTC trading platform was founded in May 2012. Swissquote clients and PostFinance e-trading clients are already using Swiss DOTS to trade more than 90,000 leveraged products over the counter.
All these products can be traded directly with the issuer during extended trading hours, Monday to Friday, 08:00 to 22:00.
Swiss DOTS is posting steady growth and on average approximately 27,000 transactions are performed via the platform each month. Market share, in terms of all transactions with leveraged securities in Switzerland, is currently around 50%.
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