Zurich-based financial boutique CAT Financial Products is ready to push ahead with growth plans after getting the nod from Swiss financial markets authority.
CAT Financial Products AG (CATFP) has received an authorization from the Swiss financial regulator (Finma) to operate as a securities firm, it said in a statement Tuesday. The derivatives company also announced that it has concluded a financing round.
International Expansion
The recent progress will allow the structured product specialist to offer new services and launch its first investment products, while paving the way for its expansion plans at regional and international level, it said.
Planned new products, services and trading functions include the brokerage and distribution of financial instruments as a counterparty, the issuance of structured products, their hedging transactions and market making, as well as functions such as index calculation agent and paying agent.
Security and Transparency
«The investment house license (...) enable(s) us to provide our clients with an enhanced service offering (and) creates a unique investment experience while providing the highest levels of flexibility, security and transparency through proprietary products such as AMCs and ETPs,» CATFP co-owner David Schmid said.
CATFP was founded in 2012 and has offices in Zurich, Geneva, Bern and Lugano.
