Derivatively yours. (SBC/OC Services) (company profile)

ONCE upon a longish time ago, Swiss bankers were solemn men to whom you took the money stashed under your mattress so they could stash it under theirs. Not now. Swiss Bank Corporation has just got into bed with a leading Chicago options trader, O'Connor & Associates.

The joint venture, called SBC/OC Services, will provide products and skills in derivatives-things like futures and options-backed by the capital muscle of SBC, which had concluded that it could spend plenty and still take five years to develop its own in-house expertise. As SBC's Marcel Ospel, who will…