Scoach has been licensed by the Hong Kong regulator SFC (Securities and
Futures Commission) to connect market participants in Hong Kong directly
to the Xetra trading system. In the future, banks and brokers can use
the Xetra network to place structured product orders for trading on
Scoach.
Hong Kong has the highest turnover of structured products in the world.
Clients of connected banks and brokers there will now gain access to
supervised stock exchange trading in Germany. Due to the time difference
between Hong Kong and Frankfurt, Scoach trading operates from 4 p.m. to
3 a.m. Late trading extends the trading time for the leverage products
that are very popular in Hong Kong. The entire offering of around
400,000 tradable leverage products is available to investors. Trading is
also subject to the strict regulation of the German and European
supervisory authorities which demand comprehensive investor protection
as well as numerous information and transparency requirements.
Many issuers active on Scoach are already active in Hong Kong. They can
now offer investors a broad product range of CBBCs (callable bull & bear
contracts) and warrants in Hong Kong dollars (HKD) and other currencies.
Scoach already offers selected warrants denominated in HKD and in
addition, over 5,200 structured products with underlying instruments
listed in Hong Kong. Scoach offers a product finder in Chinese script to
help investors and order flow providers navigate better. This allows
investors to filter the extensive product offering according to their
own preferences and to access real-time price information.
"Connecting market participants in Asia clearly demonstrates the
international character of Scoach,” said Scoach CEO Christian Reuss.
"Having already connected many European markets, we are now taking the
next logical step overseas. We are convinced that the world’s largest
market and Europe’s largest market will complement each other very well
and that both sides will benefit.”
About Scoach
Scoach is the leading European trading platform for structured products,
operated by SIX Group and Deutsche Börse AG. With its extensive offering
and its trading venues in Frankfurt and Zurich, Scoach has established
itself as Europe’s leading exchange for certificates and leverage
products. www.scoach.com
