Deals & Cases
First Listing of Exchange Traded Products on the new SIX Swiss Exchange – ETP Segment
On 2 October 2010, the SIX Swiss Exchange (SIX) has confirmed the launch of a new ETP segment and published Additional Rules for the listing of Exchange Traded Products (ETPs). ETPs are non-interest-paying debt securities which replicate the price of underlying instruments, such as commodities, metals, currencies or indices.
The SIX has approved the listing of the first ETPs with effect on 8 November 2010. 14 ETPs from Deutsche Bank db ETC and 15 from Source Company have been admitted to trading by the SIX and are listed starting 8 November 2010 on the SIX ETP Segment.
Lenz & Staehelin is proud to have contributed to both the launch of this new segment on SIX and the listing of the first 29 ETPs. Lenz & Staehelin's Investment Products and Services team involved in the transaction was led by partner François Rayroux with Alexandre de Boccard, Eric Favre and Marc Salvador as team members.