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Tuesday 07 December, 2021

flatexDEGIRO AG

flatexDEGIRO launches its pan-European ETP offering with BNP Paribas and Société Générale to more than 2 million customers

DGAP-News: flatexDEGIRO AG / Key word(s): Miscellaneous
flatexDEGIRO launches its pan-European ETP offering with BNP Paribas and Société Générale to more than 2 million customers

07.12.2021 / 11:11
The issuer is solely responsible for the content of this announcement.


flatexDEGIRO launches its pan-European ETP offering with BNP Paribas and Société Générale to more than 2 million customers

- Scale of flatexDEGIRO, Europe's first online broker serving more than 2 million customers, drives high attractiveness of its platform for market leading product issuers

- Low commission of 0.50 EUR in direct OTC trading

- Expanded ETP partnerships already fully launched in Germany and the Netherlands, France to follow this week, more countries to be onboarded in 2022

Frankfurt/Main - flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR), Europe's largest and fastest-growing retail online broker, enhances its unique offer of Exchange Traded Products (ETPs) to DEGIRO customers in key markets such as Germany, the Netherlands and soon France. Strong product partnerships with leading global investment banks BNP Paribas and Société Générale will allow customers to trade thousands of products for as little as 0.50 EUR. Backed by its technological edge and high levels of efficiency, flatexDEGIRO is able to leverage its platform to continuously improve its value proposition to clients, including commission-free brokerage at US and leading European exchanges.

Frank Niehage, CEO of flatexDEGIRO AG: "Already, more than 2 million customers put their trust in our platform when it comes to sustainable investing and trading. I am very excited to take our partnerships with Société Générale and BNP Paribas to the next, European level. Offering such a wide range of Exchange Traded Products (ETPs), issued by leading global investment banks, marks an important milestone in our commitment to continuously deliver outstanding product and service innovation. The cooperations also underscore the huge attractiveness of our retail brokerage platform to market leading product issuers in the financial industry."

Klaus Oppermann, Head of Public Distribution, Europe at Société Générale: "We are very much looking forward to further expanding our partnership with flatexDEGIRO and extending the range of our state-of-the-art investment and securities product offering to millions of existing and potential DEGIRO customers across Europe."

Benoit Roquant, Global Head of ETP at BNP Paribas: "Reaching a financially interested retail audience in multiple European jurisdictions through one single platform is a key differentiating factor for us when it comes to the product partnership with flatexDEGIRO."

Muhamad Chahrour, CEO of DEGIRO and CFO of flatexDEGIRO: "This is the next big step in our mission to further retailise access to online brokerage after introducing zero commission trading. Product partnerships and the further verticalization of our brokerage platform will play a key role in our long-term growth strategy and in increasing profitability targets. We have delivered this year on all our product innovation promises: the introduction of early and late trading in our international markets, the evolution of our trading app 'flatex next 3.0' and now the European ETP offering. In less than 18 months we have become the European market leader, demonstrating fastest profitable growth among all listed and non-listed peers - and we have met our first ambitious commercial target of 2 million customers, well ahead of year-end."

 

Contact:

Achim Schreck
Head of IR & Corporate Communications
flatexDEGIRO AG
Rotfeder-Ring 7
D-60327 Frankfurt/Main
Tel. +49 (0) 69 450001 0
[email protected]


About flatexDEGIRO AG

flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) operates a leading and fastest growing online brokerage platforms in Europe. Based on modern, in-house state-of-the-art technology customers of the flatex and DEGIRO brands are offered a wide range of independent products with execution at top TIER 1 exchanges. Its technological edge as well as high levels of efficiency and strong economies of scale allows flatexDEGIRO to continuously improve its value proposition to clients, including commission-free brokerage.

With more than 2 million customers and close to 100 million securities transactions p.a., flatexDEGIRO is the largest retail online broker in Europe. In a time of bank consolidation, low interest rates and digitalization, flatexDEGIRO 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.

More information via https://www.flatexdegiro.com/en




Contact:
Achim Schreck
Head of IR & Corporate Communications
flatex AG
Rotfeder-Ring 7
D-60327 Frankfurt/Main
+49 (0) 69 450001 1700
[email protected]


07.12.2021 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.

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Language: English
Company: flatexDEGIRO AG
Rotfeder-Ring 7
60327 Frankfurt / Main
Germany
Phone: +49 (0) 69 450001 0
E-mail: [email protected]
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: 1254744

 
End of News DGAP News Service

1254744 07.12.2021 

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