Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

SIX, Deutsche Boerse End Structured-Products Venture

Don't Miss Out —
Follow us on:

Feb. 20 (Bloomberg) -- SIX Group and Deutsche Boerse AG will dissolve their Scoach joint venture for European structured products, after the Swiss exchange terminated the agreement.

The Swiss Exchange will run the Zurich part of the business called Scoach Swiss from June 30 and the Frankfurt unit will be run separately, executives from both companies said.

“We want more entrepreneurial freedom to shape the market,” Christian Katz, chief executive officer of the Swiss Stock Exchange said. “The two markets we united in 2007 were quite distinct at the time and the differences have been accentuated in the last few years.”

The two exchanges set up the platform in 2007. It specializes in securitized derivatives, whose prices are determined by movements of the underlying securities such as stocks or bonds.

“We will run our markets after dissolution and the brand situation will be discussed in the next couple of months,” Katz said in an interview.

Andreas Preuss, deputy chief executive officer of Deutsche Boerse, said the two companies were ending the venture as SIX Group had asked to terminate the agreement.

To contact the reporter on this story: Nandini Sukumar in Frankfurt at nsukumar@bloomberg.net or @NandiniSukumar on Twitter

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.