Leonteq lists first ETP+ on Deutsche Börse
Zurich/Frankfurt - Leonteq Securities has listed its first Exchange Traded Product (ETP+) on Xetra and the Frankfurt Stock Exchange. In so doing, the Zurich-based securities business, which specializes in structured products, is seeking to open up its services to a wider range of institutional and private investors.
Leonteq Securities AG, a subsidiary of the listed Leonteq AG, is now active on the Deutsche Börse with immediate effect: The securities company, which is licensed by the Swiss Financial Market Supervisory Authority (FINMA), has listed its first ETP+ on the two trading segments Xetra and the Frankfurt Stock Exchange. In a press release, the Zurich-based firm describes this step as a milestone in its strategy that seeks to diversify its offerings across asset classes, product types and regions, with the aim of serving a growing client base.
The newly launched ETP+ is collateralized and tracks the performance of the Leonteq EUR Overnight Return Index. This is directly linked to the European Short-Term Overnight Rate (ESTRON), which measures the interest rate for unsecured overnight loans in euros.
“By expanding our ETP+ offering beyond Switzerland and into the German market, we are following our strategic ambition to make our innovative products accessible to a larger number of institutional and retail investors”, comments Alessandro Ricci, Head Investment Solutions of Leonteq. “The first product will allow investors to create exposure to eurozone short-term rates in a fully collateralized manner.
Leonteq Securities launched its first ETP+ in Switzerland in 2022. The company was named Best ETP of the Year in recognition of its innovative ETP+ concept by the Swiss ETF Awards 2024 on October 24. At the Swiss ETF Awards 2023, Leonteq had received the Best Newcomer and Best ETP Issuer awards. ce/mm
