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flatexDEGIRO signs pan-European agreement with Tradegate to further enhance the trading offering for international customer

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DGAP-News: flatexDEGIRO AG / Key word(s): Alliance
23.06.2021 / 15:15
The issuer is solely responsible for the content of this announcement.

Corporate News / Frankfurt/Main, 23 June 2021

flatexDEGIRO signs pan-European agreement with Tradegate to further enhance the trading offering for international customer

- Providing all DEGIRO customers direct access to Europe's biggest retail trade exchange

- Enabling early and late trading from 8 a.m. to 10 p.m.

- Driving further growth by enhancing unique European brokerage platform

Frankfurt/Main - flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR), Europe's largest and fastest growing retail online broker, today announced the signing of an international agreement with Tradegate AG Wertpapierhandelsbank, operator of Europe's largest trade exchange for retail customers. Starting in July/August 2021 all DEGIRO customers across Europe will thereby benefit from Tradegate's wide product offer, narrow spreads and a significant extension of trading hours, including early and late trading from 8 a.m. to 10 p.m.

"We bring together the unique offerings of Europe's leading retail online broker and Europe's leading retail trade exchange. DEGIRO customers will thereby directly benefit from a widening of our service offer, such as early and late trading", says Frank Niehage, CEO of flatexDEGIRO AG. "Enhancing our unique online brokerage platform and further retailizing online brokerage access sets us apart even more from old-established incumbents and will support our long-term growth by gaining substantial market share."

Tradegate Exchange is a regulated trading venue in which Deutsche Börse AG is the majority shareholder with a stake of 60 percent. With a turnover of 324 billion euros in 2020, it is the largest exchange for private investors in Europe. The extensive product range offers trading in over 18,000 securities.

"Providing all flatexDEGIRO customers access to our services is a huge step for us to further internationalize our business in our ambition to be Europe's first address for retail investors", adds Thorsten Commichau, Managing Director of Tradegate Exchange. "Our core competence in trading equities and ETFs, our strong European growth focus and the clear orientation towards retail customers create the perfect fit with flatexDEGIRO."

"Connecting our DEGIRO customers to Tradegate Exchange is the logical next step in increasing customer benefits, delivering on our synergy targets and retailizing capital market access with highest reputable partners", explains Muhamad Chahrour, CFO of flatexDEGIRO AG and CEO of DEGIRO. "Coming out of lockdown, people in most European countries will fortunately once again be able to pursue their normal jobs from nine to five. Executing their investment and trading ideas outside of working hours will thus become imperative for an increasing share of our customers. With early and late trading via Tradegate, our intuitive trading app and most attractive pricing, we support our customers herein in a truly outstanding and unique way."

Contact:

Achim Schreck
Head of IR & Corporate Communications

Tel. +49 (0) 69 450001 0
achim.schreck@flatexdegiro.com

flatexDEGIRO AG
Rotfeder-Ring 7
D-60327 Frankfurt/Main


About flatexDEGIRO AG

flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) operates one of the leading and fastest growing online brokerage businesses in Europe, executing millions of paperless securities transactions per annum. B2C customers in 18 European countries are serviced via the flatex and DEGIRO brands and offered a wide range of independent products at competitive pricing, based on a modern, in-house state-of-the-art technology.

With more than 1.25 million customers and over 75 million securities transactions in 2020, flatexDEGIRO is the largest retail online broker in Europe. In a time of bank consolidation, low interest rates and digitalization, the flatexDEGIRO Group is ideally positioned for further growth. Within the next five years, flatexDEGIRO aims to grow its customer base to 7-8 million customers, settling 250-350 million transactions per year - even in years with low volatility.


23.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

flatexDEGIRO AG

Rotfeder-Ring 7

60327 Frankfurt / Main

Germany

Phone:

+49 (0) 69 450001 0

E-mail:

ir@flatexdegiro.com

Internet:

www.flatexdegiro.com

ISIN:

DE000FTG1111

WKN:

FTG111

Indices:

SDAX

Listed:

Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1211194


 

End of News

DGAP News Service

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