Swissquote is extending its product range on its over-the-counter (OTC) trading platform, Swiss DOTS, enlisting Commerzbank Ltd as its third issuer and joining UBS and Goldman Sachs – the platform’s first two partners with Swissquote.
Swiss DOTS platform was launched back in May 2012 – it offers users access to a broad range of leverage products with various underlying products, including international and Swiss equities, currency pairs, indexes or even precious metals.
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The original platform launch was made in cooperation with UBS and Goldman Sachs, however, the decision to bring in Commerzbank as a third issuer will effectively add about 20,000 leveraged products. Overall, Swiss DOTS is designed to promote derivatives trading in Switzerland, though the platform has evolved into a robust offering since its inception.
According to Marc Burki, CEO of Swissquote, in a recent statement on the partnership, “We are delighted to be able to step up our long-term business relationship with Commerzbank. This cooperation provides clients with an even more attractive and broader based product range.”