Swissquote has expanded its range on the over-the-counter trading platform Swiss DOTS with the addition of Commerzbank as the third issuer active in the platform.
Swissquote said an extra 20,000 leveraged products will be issued by Commerzbank AG in the medium term, joining the existing range of the two founding partners, UBS and Goldman Sachs.
“We are delighted to be able to step up a long-term business relationship with Commerzbank,” said Marc Bürki, chief executive at Swissquote. “This cooperation provides clients with an even more attractive and broader product range.”
Swiss DOTS was successfully launched in May 2012 in cooperation with UBS and Goldman Sachs which includes over 45,000 products that can be traded over the Swissquote platform directly with the issuers.
Swiss DOTS is an OTC derivatives trading platform in Switzerland and is marketing itself as the ideal complement to the on-exchange range traded via the SIX Structured Products Exchange.
According to Swissquote, on average over 11,000 trades per month are made on Swiss DOTS. In August 2014 the market share, measured on all trades with leveraged products on the SIX Structured Products Exchange, was about 23%.
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