Structured Products Exchange Volumes Grow

Stephen Harris

12 April 2007

A total of SFr20.6 billion ($16.9 billion) worth of structured products changed hands in the Swiss market of SWX Quotematch, a jointly owned subsidiary of the SWX Group and Deutsche Boerse in the first three months of 2007, a 58.4 per cent increase over last year. The new figures represent the second-strongest quarter in Swiss securities exchange history. Total trading volume was also significantly up, with 674,104 trades executed in the first quarter – a 27.8 per cent gain compared to the same period in 2006. At the end of March 2007 there were 13,257 tradable instruments on SWX Quotematch, with around 2,000 new products being added each month. SWX Quotematch is domiciled in Luxembourg and has subsidiaries in Germany and Switzerland. It aims to become the leading European exchange for structured products.