Swissquote Partners with Leonteq, Becomes Issuer of Structured Products

Tuesday, 18/01/2022 | 07:44 GMT by Bilal Jafar

The company will issue structured products under the new product brand, Yield Booster.

According to Swissquote, the first products will be available as of today.

Switzerland-based financial services provider, Swissquote announced a collaboration with Leonteq, a prominent Swiss financial technology company, today. As a result of the cooperation, Swissquote has become an issuer of structured products.

The partnership has enabled the financial services provider to issue its own structured products under the new product brand, Yield Booster through the white label platform of Leonteq. According to Swissquote, the company’s focus is on the development of products with greater transparency and cost-effective nature.

The first products will be available as of today. Leonteq will take care of a wide range of services along the entire structured products value chain. Since 2018, the Swiss fintech firm has issued over 30 tracker certificates on theme-based indices sponsored by Swissquote.

Lukas Ruflin, the CEO of Leonteq, said: “We are excited to partner with a bank that is playing a pioneering role in online banking. We look forward to working together with Swissquote to offer innovative investment solutions for the bank’s retail client base as well as for our international client franchise.”

Growth

The Switzerland-based online bank saw tremendous growth in demand for its products in 2021. The surge in demand was evident in the company’s recent financial results. The broker witnessed record results last year. During the past week, Swissquote announced the expansion of its global operations with the acquisition of Keytrade Bank Luxembourg. In 2021, the broker enhanced its European presence and launched several crypto products to facilitate clients.

“Swissquote’s move to become an issuer for structured products is a further milestone in the continuous development of our product range and will raise our bank’s profile amongst retail and institutional investors. We are convinced that, by cooperating with Leonteq, we will be able to offer our clients a variety of additional innovative investment solutions,” Marc Bürki, the CEO of Swissquote, said in the press release.