Deutsche Borse and SWX to open joint exchange

Deutsche Borse and the SWX Group are to open a joint warrants and certificates exchange. Although plans are in their initial stages, both parties have signed a letter of intent and the exchange is provisionally planned to begin operations at the beginning of next year.

Under the agreement, Deutsche Borse and SWX Group will merge their own warrants and certificates trading businesses into a single co-owned company based in Zurich. But separate bourses will continue to operate from Bremen and

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