Deutsche Börse Moves to Secure 20% Stake of Tradegate’s Shares

Wednesday, 21/12/2016 | 21:18 GMT by Jeff Patterson
  • Deutsche Börse has issued a third and final call for Tradegate shares, extending its largest share stake to date.
Deutsche Börse Moves to Secure 20% Stake of Tradegate’s Shares
Bloomberg, Deutsche Börse building in Frankfurt

Deutsche Börse AG, one of the largest global market operators, has exercised a third and also final call option on shares in Tradegate AG, a securities exchange geared to the needs of private investors – the call on shares will increase Deutsche Börse’s stake of Tradegate AG state to roughly 20%, according to a group statement.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

The latest call option will extend Deutsche Börse’s stake in Tradegate AG from 15% to 20%, having previously exercised two call options back in 2014. This saw its share stake gradually increase from 5% to 15% concurrently – a 20% threshold will be its largest to date and will be completed subject to regulatory approvals.

Tradegate AG operates as a securities trading bank – the group itself is active as a Liquidity provider across a number of German exchanges.

Earlier this week, Deutsche Börse issued an update on the potential sale of LCH.Clearnet. Both the London Stock Exchange Group (LSEG) and LCH.Clearnet Group Limited (LCH Group) are exploring the sale of LCH.Clearnet, LCH Group’s French-regulated operating subsidiary, in order to proactively address anti-trust concerns raised by the European Commission in relation to certain businesses.

Deutsche Börse AG, one of the largest global market operators, has exercised a third and also final call option on shares in Tradegate AG, a securities exchange geared to the needs of private investors – the call on shares will increase Deutsche Börse’s stake of Tradegate AG state to roughly 20%, according to a group statement.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

The latest call option will extend Deutsche Börse’s stake in Tradegate AG from 15% to 20%, having previously exercised two call options back in 2014. This saw its share stake gradually increase from 5% to 15% concurrently – a 20% threshold will be its largest to date and will be completed subject to regulatory approvals.

Tradegate AG operates as a securities trading bank – the group itself is active as a Liquidity provider across a number of German exchanges.

Earlier this week, Deutsche Börse issued an update on the potential sale of LCH.Clearnet. Both the London Stock Exchange Group (LSEG) and LCH.Clearnet Group Limited (LCH Group) are exploring the sale of LCH.Clearnet, LCH Group’s French-regulated operating subsidiary, in order to proactively address anti-trust concerns raised by the European Commission in relation to certain businesses.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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