Scoach has expanded its group of market participants with the connection of the first Russian and Hungarian online brokers to its trading platform.
FINAM Limited, based in Cyprus, has become the first Russian broker to be connected to Scoach giving around 80,000 end customers from Russia, Kazakhstan and the Ukraine access to the Frankfurt echange for structured products.
Connecting the Hungarian online broker CONCORDE Értékpapír has also given an additional 40,000 investors – including sset managers, pension and hedge funds as well as private investors – access to Scoach products.
“In connecting the new market participants from Russia and Hungary, we are continuing Scoach’s European growth strategy,” says Christian Reuss, CEO of Scoach Europa AG, “The market for exchange-traded certificates and leverage products will experience substantial growth in the coming years as a result of connecting foreign trading partners.”
Certificate trading on Scoach was internationalised back in April 2008 with the launch of Xetra technology. Since then, around 100 Xetra participants in countries other than Germany and Switzerland have had direct access to all structured products on Scoach. The following trading partners and online brokers in other European countries are currently connected to Scoach: Nordnet for Sweden, Finland, Norway, Denmark and Luxembourg; brokerjet Ceské sporitelny in the Czech Republic, brokerjet Sparkasse in Slovenia; BUDA-CASH Brókerház in Hungary and further online brokers in Austria and Switzerland.
