The Swiss Structured Products Association (SSPA) has added Swissquote Bank as a new buy-side member.
There are now eight representatives on the SSPA’s buy-side and the membership base has been expanded to a total of 42 members across the entire value chain, from issuers to trading platforms and buy-side to brokers and partners.
Swissquote Bank has established itself as a leading Swiss provider of online financial services covering global exchange trading, trading and safekeeping of crypto-assets, forex trading and robo-advisory.
In Switzerland, the bank is regarded as a key retail broker for warrants and structured products that can be traded via various stock exchanges as well as via its proprietary platform SwissDOTS.
The platform offers over 130,000 structured products to its clients. ‘We hope to be able to continue benefiting the industry with our expertise while simultaneously learning from the exchange with structured product professionals,’ said Jürg Schwab (pictured), head of trading at Swissquote Bank.
ADIB launches wealth portal
Abu Dhabi Islamic Bank (ADIB) has launched ADIB Wealth portal, a new multi-channel platform to access investment products.
Available on mobile, tablet, laptop, and desktop, the ADIB Wealth portal features a dashboard that gives customers a 360-degree view of their investment portfolio and ability to track the performance of their holdings.
The portal also provides access to important information in addition to a secure and intuitive user interface enables customers to create their own investment plans and directly trade in a range of investment options.
The new portal is part of the bank’s Wealth Management offering which includes a diverse range of wealth management products such ADIB’s Khuttati - My Plan, which provides customised savings and investment plans, as well as private equity products, low-risk structured products, third-party mutual funds, sukuk investment products, and alternative investments.
GraniteShares rolls out suite of leveraged automotive trackers
ETP Provider GraniteShares continues its expansion in Europe with the launch of six trackers (ETPs) collateralised on equities focusing on the future of electric vehicles.
The new ETPs listed on the Euronext exchange allows investors to take long (+3x) and short (-3x) positions and with leverage effects on manufacturers specializing in EV, such as Tesla and NIO, or who are gradually orienting their offer in this direction, like Volkswagen.
The firm which has more than US$1.6 billion under management has also listed on the Paris Exchange, 16 ETPs offering long and short daily leveraged exposures (+ 3x and -3x) on the largest individual American stocks: Amazon, Apple, Facebook, Google, Microsoft, Nvidia, Tesla, and Uber.
GraniteShares was founded in 2016 and is a leading provider of high conviction products with the launch in London of a new category of collateralised ETPs, offering "Long" and "Short" exposure to US and UK equities, and its recent expansion to Europe.
Hang Seng expands smart beta range
Hang Seng Indexes Company has expanded the Hang Seng Smart Beta Index Series with the addition of the Hang Seng Stock Connect China Smart Beta Single Factor Index Series.
Using the Hang Seng Stock Connect China 500 Index as the applicable universe, the Index Series is designed to capture exposure to six widely adopted factors – Value, Momentum, Quality, Yield, Low Volatility and Low Size – with a long-term risk premium.
In addition to providing enhanced exposure to the respective desired factors, the index series use a quality-based methodology that combines quality screening criteria that only includes stocks with top 80% quality scores and a tilting method that adjusts stock weightings by the factor strengths.
Empirical research by Hang Seng Indexes Company indicates that quality preservation is important in enhancing factor portfolio performance. The index provider offers two versions of each of the six single factor indexes, namely Select Indexes and Comprehensive Indexes.
The former are designed for a high-conviction approach to enhancing factor exposure, and the latter aim to provide a higher investment capacity. The Index Series is calculated and disseminated in real-time at two-second intervals.
Leveraged Cannabis suite launches
Thematic ETF issuer, ETF Managers Group, has listed the ETFMG 2x Daily Inverse Alternative Harvest ETF on the New York Stock Exchange.
The new ETF seeks daily leveraged investment results, before fees and expenses, of two times the inverse (-2x) (or opposite) of the performance of the Prime Alternative Harvest Index, a gauge that provides investors access to the global cannabis industry.
The ETF is the firm’s fourth cannabis ETF and it is available alongside joining ETFMG Alternative Harvest ETF, the first US listed and world’s largest cannabis ETF; US Alternative Harvest ETF which provides access to top names in US cannabis, including multi-state operators (MSOs); and ETFMG Alternative Harvest ETF which provides 2x daily the performance of the Prime Alternative Harvest Index.
The ETF seeks daily investment results of -200% of the performance of the index and is not suitable for investors seeking to achieve the investment objective over a period of time greater than a single day.