The international securities trading bank Steubing AG is a new member at Tradegate Exchange. The move will give Steubing clients in Germany and abroad access to this stock exchange which is oriented specifically towards private investors and headquartered in Berlin.
Kai Jordan, a member of the management board at Steubing AG, said, “Our aim isto offer a comprehensive service in securities trading and order management. That is why we are expanding our network of stock exchanges and trading venues ever further, including a major focus on Tradegate Exchange. Our clients can now invest in an exchange that is growing strongly for private investors.”
The connection of this new market participant is a new step in Tradegate Exchange’s continuing business expansion. “In Steubing AG, we have gained another important partner to support the growth of our stock exchange. We are delighted to see that more and more market participants want to profit from the particularly attractive conditions and high market quality of Tradegate Exchange,” said Thorsten Commichau, Managing Director of Tradegate Exchange GmbH. Last year, DWP Bank and the online broker OnVista were connected to Tradegate.
Tradegate has been operating as a regulated stock exchange since the beginning of 2010. It hit new record figures in 2010: A total of more than 3.2 million transactions in equities, funds, ETFs and bonds were concluded. This corresponds to 33 percent growth year-on-year (2009: 2.4 million trades).
The trading volume of equity transactions rose by 62 percent in 2010 from EUR 10.5 billion to almost EUR 17 billion. With 3.1 million equity transactions in 2010 (2009: 2.3 million), Tradegate Exchange reached a market share among German trading floors of 34 percent, a growth of 3 percent over 2009 (December 2009: 31 percent).
D.C.