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Boerse Stuttgart has launched a new cooperation agreement with Swissquote Bank Ltd in order to expand its share of the attractive retail investment market in Switzerland. The parties complement each other extremely well. Boerse Stuttgart is the biggest stock market for private investors and Europe’s leading exchange for trading in securitised derivatives, while Swissquote Bank Ltd has around 150,000 customers and has established itself as the Swiss market leader in online banking and brokerage.
"We intend to position our activities in Switzerland even more effectively. This is a very interesting retail investment market. Swissquote Bank is the ideal choice of partner," observed Christoph Lammersdorf, CEO at Boerse Stuttgart. Swissquote Bank Ltd is already offering attractive order options in securitised derivatives, equities, debt instruments, investment fund units and ETFs on the Stuttgart Stock Exchange.
Under the terms of the cooperation, Boerse Stuttgart Holding GmbH sold its interest in Tradejet Ltd to Swissquote Bank Ltd. Tradejet Ltd is a Swiss information and online brokerage platform. Boerse Stuttgart Group had been majority shareholder in Tradejet Ltd since the company’s formation in 2004.
The new owner will take over Tradejet’s customers and employees. "Our involvement in Tradejet Ltd not only helped to raise awareness of Boerse Stuttgart in Switzerland. Above all, it also generated greater interest in the trading of securitised derivatives," noted Lammersdorf.
