Friday, September 20, 2024
24.7 C
New York

Leonteq acquires a stake in the Swiss stock exchange BX Swiss

  • Acquisition: Leonteq, a leading financial services company, has acquired a 10% stake in BX Swiss, a subsidiary of Boerse Stuttgart Group.
  • Strategic Partnership: The acquisition lays the foundation for a long-term strategic partnership between Leonteq and BX Swiss.
  • Investment Amount: Leonteq invested a single-digit million amount for the 10% share in BX Swiss.
  • Ecosystem Benefits: BX Swiss will benefit from Leonteq’s investment solutions ecosystem, facilitating connectivity and collaboration with financial market participants globally.
  • Mutual Benefits: Leonteq gains access to the Boerse Stuttgart Group ecosystem, the sixth largest exchange group in Europe, and participates in the growth of Swiss exchange BX Swiss.
  • Position Strengthening: The partnership aims to strengthen the position of regulated exchange trading, particularly in structured products and other asset classes in Switzerland.
  • Client Focus and Innovation: CEOs highlight the shared commitment to client focus and innovation, emphasizing the importance of transparency, service, and liquidity.
  • European Perspective: The investment underlines the European perspective of Boerse Stuttgart Group and its growth ambitions in the capital markets business.
  • Future Expansion: Leonteq expresses commitment to expanding its product offering and ecosystem, aligning with its focus on transparency, service, and liquidity since its foundation in 2007.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...
Exit mobile version