Leonteq will add Saxo to its network of execution brokers and leverage on their trading capabilities to access capital markets. Leonteq also intends to add Saxo guaranteed structured products on LYNQS, Leonteq’s digital investing platform.

Leonteq Securities AG is the main operating subsidiary of Zurich-listed Leonteq. In July Leonteq said that Lukas Ruflin, one of its founders, and its CEO, had decided to step down once a successor was named.

Leonteq swung back into a net profit of SFr15.7 million ($17.8 million) in the first half of 2024, versus a loss of SFr8.2 million.

Yesterday, Saxo reported a first-half 2024 adjusted net profit of $76 million, rising by 35 per cent from the same period a year earlier.