Scoach Consolidates Leading Position
Thursday, January 05, 2012

Scoach, the European trading platform for structured products operated by Six Group and Deutsche Börse AG, achieved a trading volume of EUR62bn in Zurich and Frankfurt in 2011, making it Europe's number one exchange for structured products.

According to Scoach, turnover in Frankfurt was EUR19.6bn in 2011, representing a year-on-year increase of 2.7 million executed transactions or 8.6%, while turnover in the Swiss market rose by 30% in 2011 to CHF 52bn. The bourse now offers over 800,000 tradeable instruments, making it one of the world's leading exchanges for structured products.

Last year saw the introduction of the Hong Kong dollar (HKD) as a trading currency, among other new developments, and in the German market the number of products listed rose to 780,000 by the end of 2011 (a 50% increase year-on-year). Up to 6,000 securities are admitted to trading each day and these now include a growing number of collateral secured instruments which seek to minimise issuer risk for investors.

The number of listings on the Swiss market grew by 27% to over 52,000 products – a record figure, as is the number of products currently tradable, at more than 40,000.

As of October 2011, Scoach is the world’s first stock exchange to support trading of structured products using gold (XAU) as the trading currency, expanding the world’s largest selection of trading currencies to 24.

Christian Reuss, CEO of Scoach said: “Stock exchange turnover grew for the first time since 2008 to over EUR62bn. We are very happy with this performance. We have also set new records for the number of listed products, both in Frankfurt and Zurich. We now aim to reinforce Scoach’s international character further still. Investors from 18 countries can already trade with us. The discussions on connecting new market participants in Hong Kong are progressing well and we are confident that we will see the first transactions on our platform in the coming months.”