flatexDEGIRO AG
FinTech Group AG Enters Strategic Partnership for Exchange Traded Products with Morgan Stanley
DGAP-News: FinTech Group AG / Key word(s): Alliance – Morgan Stanley will issue exchange traded products under the flatex brand in a strategic, long-term partnership for the German market Frankfurt am Main, Germany – FinTech Group AG (WKN: 524 960, ISIN: DE0005249601, Ticker Symbol: FLA.GR) has entered into a strategic, long-term partnership with Morgan Stanley to bring structured products and warrants to the German market. It is expected as a first step starting mid-2016 that FinTech Group AG’s online broker flatex will brand and market exchange traded products (ETP) issued by a Morgan Stanley entity. The first products are expected to be available in mid-2016 at the latest. Flatex’ customers will benefit in line with flatex’ open architecture from an enhanced range of products and a potential reduction in trading costs. Of course, products of other existing partners will still be available as well, offering flatex’ clients one of the most comprehensive products ranges in the German market. “The partnership with Morgan Stanley is an important step for flatex: After a decade of successfully disrupting the German online-brokerage market, flatex proves once again its status as the No. 1 innovator and pacemaker by offering structured products and warrants under its own brand together with the best partner possible. More than 150,000 flatex customers will have access to ETPs that benefit from the combined market experience of flatex and Morgan Stanley.” says Frank Niehage, CEO of FinTech Group AG. Niklas Helmreich, Head of flatex GmbH, adds: “Flatex had a great start to 2016. On the back of the present market volatility, our customers executed more trades bringing our transaction numbers to top figures. Moreover, last year’s relaunch of our CFD and Forex business has been particularly profitable: CFD and FX revenues rose by 30%, while costs and risks were reduced significantly at the same time. We also expect our partnership with Morgan Stanley to result in a further push of earnings.” About FinTech Group AG FinTech Group AG (WKN: 524 960, ISIN: DE0005249601, Ticker Symbol: FLA:GR) is one of the most significant innovative financial technology companies in Germany. Our B2C brands service a total of 200,000 private clients, and with our B2B business we are important technology partners for German and international banks and financial institutions. As of the end of June 2015, FinTech Group AG had EUR 5.68 billion in assets under administration group-wide. FinTech Group AG’s goal is to become the leading European provider of innovative financial services technologies. Our earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to EUR 11.8 million in the first half of the year 2015. Our wholly owned subsidiary flatex GmbH has been one for the innovation leaders in the German online brokerage market for years. More than 150,000 private clients both in Germany and internationally have chosen flatex’ clear and transparent pricing model. XCOM AG, in which we hold a majority interest, was founded in 1988 and is a German pioneer in the area of financial technology. Today, XCOM AG is one of the most successful software and technology providers for banks and financial institutions. biw Bank für Investments und Wertpapiere AG, which is also owned by the Group, has a full-service banking license and is the backbone of our banking services. It also serves as outsourcing partner for other well-known banks (“white label banking services”) and is one of the most modern online banks in Europe.. FinTech Group AG is also an important partner for many young fintech companies in the up-and-coming German start-up scene, who benefit from our innovative profile.
Contact: Roman Kessler Roman.kessler@fintechgroup.com Head of Communications FinTech Group AG Rotfeder-Ring 5 D-60327 Frankfurt/Main +49 (0) 69 450001 041 Roman.kessler@fintechgroup.com
2016-02-15 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | FinTech Group AG | |
Rotfeder-Ring 5 | ||
60327 Frankfurt am Main | ||
Germany | ||
Phone: | +49 (0) 69 450001 041 | |
E-mail: | roman.kessler@fintechgroup.com, ir@fintechgroup.com | |
Internet: | www.fintechgroup.com | |
ISIN: | DE0005249601, DE0005249601 | |
WKN: | 524960 | |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt | |
End of News | DGAP News Service |