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Scoach receives licence from Hong Kong regulator

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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 pm to 3 am. 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 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,” says Scoach CEO Christian Reuss (pictured). “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.”
 

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