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Swissquote
Swissquote Group Holding Ltd is a Swiss banking group specialising in providing financial services in the areas of trading, investment services and banking services. Swissquote also offers services for independent asset managers and financial institutions. Its headquarters are located in Gland, Switzerland. The company also has offices in Zurich, London, Luxembourg, Malta, Bucharest, Cyprus, Dubai, Singapore, Hong Kong and Cape Town with more than with 1,217 employees in 2024. The Group's shares have been listed on the SIX Swiss Exchange under the ticker symbol "SQN" since 29 May 2000. Swissquote Bank Ltd holds a banking licence issued by its supervisory authority, the Swiss Financial Market Supervisory Authority (FINMA), and is a member of the Swiss Bankers Association (SBA).
In 1990, Marc Bürki and Paolo Buzzi founded Marvel Communication SA, which specialised in developing software and web applications for the financial sector.
Marvel Communication SA released the financial platform Swissquote, which in 1996 became the first platform to offer free access to all securities traded on the Swiss stock exchange.
On 29 May 2000, Swissquote went public, listing 410,000 registered shares with a total value of CHF 100 million on the SIX Swiss Exchange under the symbol SQN. In the same year, the company obtained its banking license.
In 2001, Swissquote gained access to the Swiss stock exchange (then SWX and Virt-X), the US stock exchanges NYSE, NASDAQ and AMEX. In 2002, after the takeover of Consors (Switzerland) AG and customers of Skandia Bank Switzerland, Swissquote expanded its offering to include new markets, financial products and services.
In 2009, Swissquote created a chair in quantitative finance at the Swiss Federal Institute of Technology in Lausanne (EPFL) and launched the company's first quant funds. In 2010, Swissquote made two significant acquisitions. In June, it acquired Tradejet AG, a Zurich-based online information platform and broker. Later, in October, it acquired ACM Advanced Currency Markets AG, expanding its operations to include online Forex trading. In May 2012, Swissquote expanded its offerings with the Swiss Derivatives OTC Trading System (Swiss DOTS) in collaboration with Goldman Sachs and UBS. A few years later, additional partners joined, including Vontobel, BNP Paribas, and Société Générale.
In February 2013, Swissquote partnered with Basellandschaftliche Kantonalbank to provide online mortgage services. In September of the same year, Swissquote expanded in the international market by acquiring MIG Bank, a major forex broker. In 2014, Swissquote and PostFinance established a long-term strategic partnership in online trading. From autumn 2015, Swissquote operated as a trading platform for PostFinance, handling stock exchange orders placed by PostFinance customers in e-trading.
In January 2015, following the Swiss National Bank's decision to discontinue the minimum exchange rate of 1.20 CHF per euro, Swissquote set aside a reserve of CHF 25 million without, however, compromising the profitability or soundness of the bank. On 9 February 2015, Swissquote Financial Services surrendered its Category 3 Investment Services License to the Malta Financial Services Authority.
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Swissquote
Swissquote Group Holding Ltd is a Swiss banking group specialising in providing financial services in the areas of trading, investment services and banking services. Swissquote also offers services for independent asset managers and financial institutions. Its headquarters are located in Gland, Switzerland. The company also has offices in Zurich, London, Luxembourg, Malta, Bucharest, Cyprus, Dubai, Singapore, Hong Kong and Cape Town with more than with 1,217 employees in 2024. The Group's shares have been listed on the SIX Swiss Exchange under the ticker symbol "SQN" since 29 May 2000. Swissquote Bank Ltd holds a banking licence issued by its supervisory authority, the Swiss Financial Market Supervisory Authority (FINMA), and is a member of the Swiss Bankers Association (SBA).
In 1990, Marc Bürki and Paolo Buzzi founded Marvel Communication SA, which specialised in developing software and web applications for the financial sector.
Marvel Communication SA released the financial platform Swissquote, which in 1996 became the first platform to offer free access to all securities traded on the Swiss stock exchange.
On 29 May 2000, Swissquote went public, listing 410,000 registered shares with a total value of CHF 100 million on the SIX Swiss Exchange under the symbol SQN. In the same year, the company obtained its banking license.
In 2001, Swissquote gained access to the Swiss stock exchange (then SWX and Virt-X), the US stock exchanges NYSE, NASDAQ and AMEX. In 2002, after the takeover of Consors (Switzerland) AG and customers of Skandia Bank Switzerland, Swissquote expanded its offering to include new markets, financial products and services.
In 2009, Swissquote created a chair in quantitative finance at the Swiss Federal Institute of Technology in Lausanne (EPFL) and launched the company's first quant funds. In 2010, Swissquote made two significant acquisitions. In June, it acquired Tradejet AG, a Zurich-based online information platform and broker. Later, in October, it acquired ACM Advanced Currency Markets AG, expanding its operations to include online Forex trading. In May 2012, Swissquote expanded its offerings with the Swiss Derivatives OTC Trading System (Swiss DOTS) in collaboration with Goldman Sachs and UBS. A few years later, additional partners joined, including Vontobel, BNP Paribas, and Société Générale.
In February 2013, Swissquote partnered with Basellandschaftliche Kantonalbank to provide online mortgage services. In September of the same year, Swissquote expanded in the international market by acquiring MIG Bank, a major forex broker. In 2014, Swissquote and PostFinance established a long-term strategic partnership in online trading. From autumn 2015, Swissquote operated as a trading platform for PostFinance, handling stock exchange orders placed by PostFinance customers in e-trading.
In January 2015, following the Swiss National Bank's decision to discontinue the minimum exchange rate of 1.20 CHF per euro, Swissquote set aside a reserve of CHF 25 million without, however, compromising the profitability or soundness of the bank. On 9 February 2015, Swissquote Financial Services surrendered its Category 3 Investment Services License to the Malta Financial Services Authority.