SIX and Deutsche Boerse break up Scoach trading jv

20 February 2013

SIX and Deutsche Boerse have announced today that the Scoach cooperation agreement is to be terminated as of 30 June 2013. SIX will continue to further develop the market for structured products in Zurich, Switzerland, it says, but the joint venture itself will end due to declining volumes.

The Scoach trading platform for structured products was set up in Switzerland and Germany in 2007 by SIX and Deutsche Boerse when trading volumes on the financial markets were still buoyant, but since the 2008 financial crash trading volumes have never recovered.

The cooperation agreement between the two exchanges has been terminated today, with the Scoach joint venture itself coming to an end on 30 June 2013.

The market for structured products is still a major component of the SIX business portfolio, maintains the Swiss-based group however, commenting that the “successful exchange for structured products in Zurich will be continued”.

The group somewhat vaguely adds that, “SIX will provide information on specific measures and the organisational structure of the exchange for structured products in Switzerland at an appropriate time”.

According to Christian Katz, chief executive officer (CEO) of SIX Swiss Exchange: “Trading in structured products is strategically very important for SIX. We therefore intend to focus even more strongly on the needs of the issuer and the Swiss market as a whole in future and provide support with appropriate measures.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development