Scoach Receives Licence from Hong Kong Regulator
November 14 2011 - 12:00PM
Business Wire
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 B�rse 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
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