Tradegate Exchange and Deutsche WertpapierService Bank (dwpbank) have agreed on the technical connection of dwpbank to the exchange platform Tradegate. From the end of Q3 2010, dwpbank will provide its approximately 1,600 clients with market access to this Berlin-based trading venue geared to private investors.
“The connection to Tradegate Exchange means we are expanding market access for our client institutions and are enabling technical order routing to the second largest stock exchange for private investors in Germany via our WP2 settlement system,” said Karl-Martin im Brahm, member of dwpbank’s executive board and responsible for sales and distribution. The market-leading transaction bank is a process and system service provider in securities settlement for two thirds of all banks in Germany, the majority of which are savings banks, Volksbanks and Raiffeisenbanks.
This agreement is a continuation of Tradegate Exchange’s growth strategy, considerably increasing its number of trading participants. “We are delighted about this additional business potential. Tradegate is an exchange with key competitive advantages and an increasing number of private investors can benefit from it,” said Thorsten Commichau, Managing Director of Tradegate Exchange GmbH.
Tradegate Exchange’s special range of offers includes commission-free trading, long trading hours until 10 p.m., intelligent order types and free real-time prices. Orders are generally executed immediately and in full on Tradegate Exchange.
Previously an off-exchange trading platform, Tradegate has been operating as a regulated stock exchange since the beginning of 2010. It completed its first two quarters as a public-law stock exchange very successfully. The number of transactions increased year-on-year by 32 percent. A total of around 1.5 million trades were executed in the four instrument groups equities, bonds, ETFs and investment funds in the first six months of this year. This equates to a market share of 31 percent for Tradegate Exchange in the first six months of 2010, and enables the exchange to safeguard its position as Germany’s second largest trading venue for equity trades of private investors.
D.C.