KAS Bank says it has been admitted for Xontro trading – the electronic order routing platform for regional exchanges, which is owned by Deutsche Brse – on the Berliner Brse.
This will allow the Dutch bank to act as a depot bank for brokers (Maklers) trading via the Xontro system in Berlin. A trading licence is required in order to act as depot bank.
KAS BANK adds that it is in the process of extending its depot bank services to other German stock exchanges.
“This connection is a further substantiation of KAS Bank’s strategy to realise direct connections to all significant European securities and derivatives exchanges,” says a spokesman for KAS Bank in Amsterdam. “With this, KAS Bank strengthens its position as the European specialist in securities and derivatives services provided to banks, brokers and institutional investors.”