Zürcher Kantonalbank (ZKB) has become the sixth issuer to join Vontobel's deritrade multi-issuer platform.
ZKB, which ranks among the biggest providers of structured products in Switzerland, is joining the five issuers now participating – UBS, Deutsche Bank, Morgan Stanley, Société Générale and Vontobel – which together represent more than 70% of the exchange-traded volume of structured products in Switzerland.
"This platform allows ZKB to reach new clients, to offer clients competitive products from an issuer with top credit ratings and to implement regulatory requirements with a view to the future," said Paolo Vanini, head of structured products at ZKB.
Vontobel's deritrade multi-issuer platform offers products and prices of the key providers in the market and is aimed at opening up new opportunities for client advisers. Bespoke investment solutions can also be created using the click and trade platform.
"The deritrade multi-issuer platform is now already the leading marketplace for investors and providers of tailor-made structured products," said Roger Studer, head of Vontobel Investment Banking. "We have succeeded in establishing an industry standard that addresses core needs such as price transparency and client benefits, while at the same time taking into account the mounting pressure in the financial sector with regard to costs and efficiency."
According to SRP data, ZKB has over 1,300 live products in Switzerland. Last year, the bank finished sixth in the top 10 ranking having sold over CHF1.6bn (€1.0bn) across 600 products, and year to date it remains in the same position with 581 products marketed and CHF1.5bn in sales.