Deutsche Börse and SWX name structured products JV 'Scoach'

Source: Deutsche Börse

The structured products joint venture between the SWX Group and Deutsche Börse will in future be known as "Scoach".

The new name was announced by both partners on 14 August 2007. To date, the exchange has operated in Switzerland under the name SWX Quotematch Ltd and in Germany as Börse Frankfurt Smart Trading AG. Scoach is expected to become Europe's leading structured products exchange. Scoach further extends the flourishing partnership between the SWX Group and Deutsche Börse in the world's number one futures exchange Eurex and the pan-European index provider STOXX.

Scoach focuses on the fast-growing structured products segment (certificates, investment and leverage products). It was launched successfully on 1 January 2007 and has since achieved record trading volumes, gaining market share in both its home markets.

April 2008 will see Scoach migrate trading in structured products on the German market to Deutsche Börse's modern, high-performance Xetra platform. In doing so, Scoach will be adding more than 100 foreign trading participants and thus reaching retail customers from all over Europe.

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