Derivatives boutique Leonteq is launching a new platform that aims to offer its clients a range of services as a one-stop-shop.
Swiss-based Leonteq launched the first services off a previously-flagged digital marketplace: clients are now able to access one of the largest platforms for structured products, the company said in a statement on Tuesday.
The move, part of Leonteq's strategy to bounce back after falling to earth in 2017, aims to transform the market for structured products. The platform, Lynqs, intends to bundle all services linked to structured products and make the company's offering available via website or mobile app.
Bundling Services
Leonteq is emphasizing the so-called lifecycle management of its products in the push, which replaces its existing Constructor platform. Clients like asset managers and private banks can track the development and performance of their purchases in the tool, including potential barriers or maturity dates, coupons, or other payments.
«Clients can upload third-party products onto Lynqs for a comprehensive view,» Leonteq investment solutions head David Schmid told finews.asia. The move represents a novelty in structured products and a potentially lucrative service for banks and asset managers.
Goal: Boost Volume
Leonteq's aim is to offer clients a digital one-stop-shop in the hopes of generating a higher volume. The move is a necessity on view of eroding margins for structured products, according to Schmid.
Lynqs launches with two modules initially: investment ideas and lifecycle management. «We'll launch a series of new modules and innovations in the next 24 months,» Schmid added.
