News & Knowledge Center
Jan 04, 2013

Deutsche Börse

Scoach retains highest turnover in structured products of all European exchanges

Consolidated trading volume of €42.6 billion

Scoach achieved a trading volume of €42.6 billion in Zurich and Frankfurt in 2012. Since it was founded, Scoach has held its number one position in Europe continually and ranks third in global terms behind the Hong Kong Exchange and the Korean Exchange. Its total offering of more than 950,000 tradable products is the largest in the world.

Turnover in Frankfurt stood at €16.1 billion in 2012, 18 percent less than in 2011. At 1.8 million, the number of transactions was 34 percent lower than in 2011.

The average order volume increased by 25 percent to approximately €9,000 per transaction.

Turnover in the Swiss market was around 31.9 billion Swiss francs (€26.4 billion), making it about 38 percent less than in 2011. The number of listings fell by 14 percent to over 45,000 products.

Christian Reuss, CEO Scoach: “2012 is difficult to compare with 2011, which was marked by a series of one-off effects. However, the decline in trading activity at Scoach is similar in scale to that seen on other exchanges and with other financial products.

Particularly in the current regulatory environment, we are concerned about the trend towards market fragmentation and especially off-exchange, non-regulated trading. The move away from transparency in trading with private investors, which is conditioned by the current cost pressure, could undermine the credibility of the industry that has been built up over many years.”

About Scoach

Scoach is a European trading platform for structured products operated by SIX and Deutsche Börse. With its extensive offering and its trading venues in Frankfurt and Zurich, Scoach has established itself as Europe’s leading exchange for certificates and leverage products.

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