First Exchange Traded Products (ETPs) listed on SIX Swiss Exchange

Source Ltd and Deutsche Bank db ETC AG list the first products in SIX Swiss Exchange's new ETP segment

(PresseBox) ( Zürich, )
Traded Products (ETPs) include collateralized Exchange Traded Commodities (ETCs) and Exchange Traded Notes (ETNs). The collateral comprises mainly securities, precious metals or cash that must at least cover the ETP's outstanding amount and be held in custody by a third party independent of the issuer.

ETPs track the price movement of an underlying asset either with or without leverage. Their payoff profile is symmetrical, i.e. the product's performance mirrors that of the underlying asset. From a regulatory perspective, ETPs are collateralized, non-interest-bearing bearer debt securities. As such, ETPs are not investment funds and are not governed by the Swiss Federal Collective Investment Schemes Act (CISA). They must, however, go through a listing procedure with SIX Exchange Regulation, SIX Group's independent supervisory authority; the rules on their admission and on maintaining their listing were approved by the Swiss Financial Market Supervisory Authority FINMA.

Source Ltd is launching 15 products, of which 14 ETPs replicate various commodities indices and one tracks the price of physical gold. db ETC is launching 14 new ETPs, of which ten also replicate various commodities indices and four reflect the price movements of precious metals.

For ETPs, SIX Swiss Exchange is appointing at least one market maker per product to guarantee continuity and liquidity of trading. Market making for Source products will be carried out by Nyenburgh Holding B.V, and for db ETC by Deutsche Bank AG, Frankfurt.
Für die oben stehenden Pressemitteilungen, das angezeigte Event bzw. das Stellenangebot sowie für das angezeigte Bild- und Tonmaterial ist allein der jeweils angegebene Herausgeber (siehe Firmeninfo bei Klick auf Bild/Meldungstitel oder Firmeninfo rechte Spalte) verantwortlich. Dieser ist in der Regel auch Urheber der Pressetexte sowie der angehängten Bild-, Ton- und Informationsmaterialien.
Die Nutzung von hier veröffentlichten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Bei Veröffentlichung senden Sie bitte ein Belegexemplar an service@pressebox.de.