The structured products joint venture between the SWX Group and Deutsche Börse, launched at the beginning of this year amid uncertainty over its name, will be known as 'Scoach' from the beginning of September, the two exchange groups have announced.
To date, the exchange has operated in Switzerland under the name SWX Quotematch and in Germany as Börse Frankfurt Smart Trading. This avoided a potential legal dispute over the use as a trademark of 'Alex', the name originally chosen for the structured products exchange.
Scoach, which focuses on products including certificates, investment and leveraged products, has achieved record trading volumes since its launch in January, gaining market share in both its home markets. The joint venture is domiciled in Luxembourg with subsidiaries in Germany and Switzerland.
In April next year Scoach will migrate trading in structured products on the German market to Deutsche Börse's high-performance Xetra platform, adding more than 100 foreign trading participants and reaching retail customers from all over Europe.