15.12.2014, 22:00
Deutsche Borse increases share in Tradegate
OREANDA-NEWS. Deutsche Börse AG is exercising call options on shares in Tradegate AG, thereby increasing its stake in Tradegate AG from approximately 5 per cent to almost 15 per cent.
“This increase is strategic for us and strengthens our long-term cooperation with Tradegate AG. We see good opportunities in the European retail market that is opening up; at the same time we also value the cooperation in the increasingly competitive and growing price-sensitive retail client segment in Germany in the light of the keen competition from off-exchange offers,” commented Dr Martin Reck, Cash Market Managing Director at Deutsche Börse.
Tradegate AG is a securities trading bank, and, as a liquidity provider, is active on a number of German exchanges, particularly on the Tradegate Exchange located in Berlin. Deutsche Börse acquired a 75-per cent stake in Tradegate Exchange GmbH at the beginning of 2010 and parallel to that also acquired a five per cent share in Tradegate AG, a specialist on that exchange.
About Tradegate AG Wertpapierhandelsbank
Tradegate AG Wertpapierhandelsbank services around 5,000 equity order books on the Berlin and Frankfurt stock exchanges. Tradegate holds a license issued by the German Federal Financial Supervisory Authority (BaFin) to operate banking and financial service transactions and is a member of the deposit protection fund of the Association of German Banks. The company focuses on its activity as specialist for equities and ETFs on the Tradegate Exchange based in Berlin, which is specialised in meeting the needs of retail investors.
About Tradegate Exchange
Tradegate Exchange is a stock exchange specialised in executing retail investor orders. Over 30 trading participants from Germany, Austria, France and Switzerland are currently connected and offer access to their customers from their own country and abroad. Since the beginning of 2010, Tradegate Exchange has enjoyed regulated market status as defined in MiFID.
About Deutsche Börse
Deutsche Börse Group is one of the world’s leading service providers for the securities industry, offering products and services to issuers, investors, intermediaries and data vendors. The Group covers the entire process chain from trading, through clearing, to settlement and securities custody. Furthermore, Deutsche Börse offers market data, indices and analyses and is a service provider for the development and operation of IT systems. Deutsche Börse Group is one of the world’s largest stock exchange organisations.
“This increase is strategic for us and strengthens our long-term cooperation with Tradegate AG. We see good opportunities in the European retail market that is opening up; at the same time we also value the cooperation in the increasingly competitive and growing price-sensitive retail client segment in Germany in the light of the keen competition from off-exchange offers,” commented Dr Martin Reck, Cash Market Managing Director at Deutsche Börse.
Tradegate AG is a securities trading bank, and, as a liquidity provider, is active on a number of German exchanges, particularly on the Tradegate Exchange located in Berlin. Deutsche Börse acquired a 75-per cent stake in Tradegate Exchange GmbH at the beginning of 2010 and parallel to that also acquired a five per cent share in Tradegate AG, a specialist on that exchange.
About Tradegate AG Wertpapierhandelsbank
Tradegate AG Wertpapierhandelsbank services around 5,000 equity order books on the Berlin and Frankfurt stock exchanges. Tradegate holds a license issued by the German Federal Financial Supervisory Authority (BaFin) to operate banking and financial service transactions and is a member of the deposit protection fund of the Association of German Banks. The company focuses on its activity as specialist for equities and ETFs on the Tradegate Exchange based in Berlin, which is specialised in meeting the needs of retail investors.
About Tradegate Exchange
Tradegate Exchange is a stock exchange specialised in executing retail investor orders. Over 30 trading participants from Germany, Austria, France and Switzerland are currently connected and offer access to their customers from their own country and abroad. Since the beginning of 2010, Tradegate Exchange has enjoyed regulated market status as defined in MiFID.
About Deutsche Börse
Deutsche Börse Group is one of the world’s leading service providers for the securities industry, offering products and services to issuers, investors, intermediaries and data vendors. The Group covers the entire process chain from trading, through clearing, to settlement and securities custody. Furthermore, Deutsche Börse offers market data, indices and analyses and is a service provider for the development and operation of IT systems. Deutsche Börse Group is one of the world’s largest stock exchange organisations.
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