Scoach and Euwax feel the pressure
Low initial listing fees and heavy use of over-the-counter trading platforms are squeezing profitability for the structured products segments on the Frankfurt and Stuttgart stock exchanges. Michael Marray finds out how they are responding
The German structured products market has some of the lowest exchange listing fees in the world, with high-volume providers able to generate and list new payouts at less than €1 per product. Investors appreciate the transparency and accountability that a listing brings, including oversight from bank supervisor BaFin, but the low listing fees allow individual issuers to bring out a proliferation of new products with very similar strike prices and payouts.
Theoretically, this means more choice for
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