Vontobel is in advanced talks with the Hong Kong Stock Exchange to boost its business, according to the Zurich-based bank's CEO.
Hong Kong is one of the world’s largest markets for exchange-traded leveraged products. More than $500 billion was traded in 2016 – more than seven times the volume traded in Europe.
According to Vontobel CEO Zeno Staub, the bank’s financial products division is in advanced talks with the Hong Kong Stock Exchange (HKEX) for to begin offering leveraged products, such as derivative warrants and callable contracts.
This comments, made on Wednesday during the annual media conference in Zurich, Switzerland, comes shortly after Vontobel already said earlier in 2017 to enter the market in the Netherlands and France.
«Our ambition is to improve our offering in individual markets and to gain additional market share,» Vontobel CEO Staub said.
