In a joint press release issued today, SIX and Deutsche Börse have announced that the Scoach cooperation agreement is to be terminated as of 30 June 2013. SIX will continue to further develop the successful market for structured products in Zurich.
SIX and Deutsche Börse AG have been operating the Scoach trading platform for structured products in Switzerland and Germany by means of a joint venture since 2007. This cooperation agreement has been terminated, and as a result the joint venture will end on 30 June 2013.
The market for structured products is a major component of the SIX business portfolio, and the successful exchange for structured products in Zurich will therefore be continued. SIX will provide information on specific measures and the organizational structure of the exchange for structured products in Switzerland at an appropriate time.
Christian Katz, CEO 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.»