Deutsche Börse Increases Share In Tradegate

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.