Contrary to previous announcements, the new company will initially use the introduced trademark âBÃ¶rse Frankfurt Smart Tradingâ for the German market and âSWX Quotematchâ for the Swiss market. This will avoid usage problems in Europe relating to the delineation of the name that was originally chosen.
The new company unites the strength of the SWX Group and Deutsche BÃ¶rse AG in a market segment with considerable growth potential and will establish a new market standard. In a first step, the joint venture will become the parent of a new exchange to which the SWX will outsource its business in warrants and structured products. The new company will 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 will be domiciled in Luxembourg and have subsidiaries in Germany and Switzerland. Its objective is to become the leading European exchange for the market segment of structured products.