Vontobel is expanding deritrade, its online portal for structured products, to a multi-issuer platform and thereby supporting the efficient comparison of offers for tailor-made products even for small trading volumes.
Switzerland's Vontobel Group intends to make its established issue platform deritrade accessible to other issuers of structured products. Corresponding declarations of intent with renowned issuers such as Morgan Stanley or Société Générale have already been signed, others are being negotiated. This will allow investors to design their tailor-made products in real time, compare the offers of several issuers and select the best quote for them according to their preferences in the future. In doing so, deritrade® does not distinguish between Vontobel and third-party products, in either the efficient processing or the tried-and-tested services, during the product's lifecycle. With this expanded service range for clients and issuers, Vontobel will further strengthen and expand its leading role in the area of structured products.
Vontobel currently offers professional financial services providers (in particular banks and asset managers) the option to independently create, acquire and manage tailor-made structured products for their clients via the deritrade issue platform. The linking of additional recognised issuers to Vontobel's issuer platform will further increase the performance and client benefit of deritrade. Georg von Wattenwyl, Head of Advisory and Distribution of the Financial Products Division, says, "Our innovative platform allows, amongst other things, a direct product comparison. We are thereby making a clear stand for the best-possible selection of products by the investment advisor." The cooperation with Morgan Stanley and Société Générale in the core markets is further proof of the major potential of this sales channel for tailor-made structured products.
The Vontobel deritrade issue platform, which was rolled out to market in 2008, meets the highest demands regarding product variety, the pricing process and reporting and after-sales services and guarantees top-notch service quality along the entire value-added chain. As such, the expanded multi-user platform will set new standards. As early as 2010 the variety of underlyings was significantly expanded by linking investment banks for the delivery of derivative components. In 2011 another milestone was reached in the solution design of structured products with the new selection option of the reference debtor for structured products. Today, around 3,000 experts in more than 800 financial institutions already apply the user-friendly platform and receive the best price for the desired tailor-made structured product in real time using the multi-issuer platform. Additional information can be found at www.deritrade.ch
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