Trading Desk
PMMI July 2025
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Serge Nussbaumer
Chefredaktor
On June 30, 2025, the market making quality of issuers was slightly lower for leverage products and slightly higher for investment products than at the end of May.
The PMMI provides a rough overview of the market making quality of the various issuers in the structured products segment. After a turbulent April, the issuers’ scores have improved significantly. The scores for both investment and leverage products are on average 4 points higher.
Among the leverage products, newcomer Leonteq once again confirmed its strong start. It shines with almost 100% and a lead of around 1.3 points over Bank Julius Baer. Don’t let the butter be taken off your bread so easily! But it shows: it is possible, dear competitors. They are followed by Zürcher Kantonalbank, BNP Paribas and UBS, all of which scored over 90 points.
LUKB is no longer giving up first place. This performance over a long period deserves special praise. Thank you for this and we take our hats off. Banque Cantonale Vaudoise came very close behind again, followed by Raiffeisen, Swissquote and Basler Kantonalbank. This month, all the institutions rated are above 90 points – thank you very much.
Source of all graphics: payoff.ch
