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by Fintechnews Switzerland
December 19, 2023
BX Swiss has a further shareholder: The Swiss monetary product issuer Leonteq has acquired a ten% stake within the Swiss inventory alternate. BX Swiss is a subsidiary of Boerse Stuttgart Group.
Leonteq maintains an in depth partnership with BX Swiss. Leonteq has been working as an issuer since 2021 and has efficiently been providing structured merchandise within the regulated buying and selling section deriBX and itemizing exchange-traded merchandise.
With the acquisition of a ten% share of BX Swiss by Leonteq for a single-digit million quantity, the 2 monetary establishments are laying the muse for a long-term strategic partnership. BX Swiss will profit from Leonteq’s funding options ecosystem, which facilitates connectivity and collaboration with native and international monetary market members.
In return, Leonteq will acquire entry to the ecosystem of Boerse Stuttgart Group, the sixth largest alternate group in Europe, and can be capable to take part within the development of Swiss alternate BX Swiss. Moreover, the partnership goals to strengthen the place of regulated alternate buying and selling.
«With a strategic companion like Leonteq, we are able to create ultimate situations for our companions. Collectively, we give attention to the wants of self-directed traders in Switzerland and allow them to commerce securities simply and cost-effectively, additionally due to our low-fee technique.»,
says Lucas Bruggeman, CEO of BX Swiss.
The partnership will allow BX Swiss to strengthen alternate buying and selling in structured merchandise and different asset courses in Switzerland and to implement revolutionary buying and selling and price fashions.
Lukas Ruflin
Lukas Ruflin, CEO of Leonteq, provides:
«BX Swiss is a gorgeous companion with whom Leonteq shares a robust match by way of shopper focus and innovation. We consider that alternate entry and itemizing of funding merchandise will proceed to play an vital position for our companions and shoppers. We’re dedicated to additional increasing our product providing and ecosystem, and a strategic stake in BX Swiss underpins our dedication to transparency, service and liquidity, a key focus for Leonteq since its basis in 2007.»
Featured picture credit score: Edited from freepik
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