Swissquote On-Boards Vontobel to its OTC Trading Platform, Swiss DOTS

The original platform launch was made in cooperation with UBS and Goldman Sachs in 2012.

Swissquote is extending product range on its over-the-counter (OTC) trading platform, Swiss DOTS, enlisting Vontobel Investment Banking as its fifth issuer. The new addition complements the existing offering from Commerzbank and Deutsche Bank as well as 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 Vontobel as a fifth issuer will effectively add about 10,000 leveraged products. On the Swiss DOTS, short for Swiss Derivatives OTC Trading System, traders will find Vontobel’s warrants and mini futures, on various underlyings such as international and Swiss equities, currency pairs, indices and precious metals. The products on Swiss DOTS are always settled in cash and thus no underlying assets are delivered.

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Vontobel Financial Products is one of the leading issuers of derivatives and structured products in Switzerland and Europe.

Overall, Swiss DOTS is designed to promote derivatives trading in Switzerland, though the platform has evolved into a robust offering since its inception. Swiss DOTS already enables Swissquote clients and PostFinance e-trading clients to trade more than 60,000 leveraged products over the counter. On average, approximately 16,000 transactions are performed via the platform each month.

Marc Borki, CEO of Swissquote Bank, commented: “We are delighted to welcome Vontobel — one of the leading issuers of leveraged products in Switzerland — to our efficient trading platform. As a result, clients will benefit from an even more complete range. For Swissquote, this partnership is an outstanding opportunity to continue to pursue its growth strategy in the derivatives sector.”

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