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Baader Bank AG — M&A Activity 2013
Aug 26, 2013
4539_rns_2013-08-26_f2a1e221-9a50-4231-b92a-03eed5142fe2.html
M&A Activity
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News Details
Corporate | 26 August 2013 10:00
Baader Bank AG extends Brokerjet’s product range in the over-the-counter market.
Baader Bank AG / Key word(s): Alliance
26.08.2013 / 10:00
Baader Bank extends Brokerjet’s product range in the over-the-counter market.
With immediate effect, customers of Brokerjet Bank AG in Austria, a subsidiary of Erste Bank Group AG, can deal with Baader Bank. Baader Bank has extended Brokerjet’s product range to include bonds, shares and funds & ETFs. It offers trading facilities in over 2,000 bonds, 2,500 shares and 2,500 ETFs & funds. Brokerjet’s customers will also benefit from longer trading hours: between 8 am and 10 pm every trading day. Bonds can be traded between 8 am and 5 pm.
‘This collaboration means that Brokerjet customers can now take advantage of our tight spreads and high liquidity, and can be assured that their orders will be executed as quickly and as competitively as possible’, explained Christian Grabbe, Direct Trading Manager at Baader Bank.
Furthermore, new intelligent order types are fully supported at Baader Bank. Previously, bond trading at Brokerjet had to be conducted exclusively by telephone, however, with immediate effect, it now is possible for customers to use Brokerjet’s online trading system. ‘We are particularly pleased to have Baader Bank as one of our partners as this allows us to fulfill our customers’ wish to have an online bond trading facility. We are expecting to see a sharp rise in trading frequency via our new partner,’ said Michel Vukusic, Chairman and CEO of Brokerjet Bank AG.
The Companies
Baader Bank AG is one of the leading investment banks in Germany and is the market leader for trading financial instruments. The Bank is a market maker, responsible for pricing around 700,000 securities both over-the-counter and via stock exchanges. Its investment banking service includes developing funding solutions for companies in German speaking countries. It provides institutional investors with the comprehensive range of services required to sell and trade shares, bonds and derivatives.
Brokerjet Bank AG is a fully-owned subsidiary of Erste Group Bank AG and has its own banking licence in Austria. As an online broker, Brokerjet is committed to the speedy and professional settlement of trades both over-the-counter and via stock exchanges. With its WebTrader and ProTrader trading platforms Brokerjet offers tailor-made tools to suit individual trading requirements. Brokerjet Academy also provides customers with an extensive training programme free of charge. Currently, Brokerjet looks after more than 56,000 customers and handles approximately 700,000 trades per year.
Media contacts:
Baader Bank AG
Dr Hans-Wilhelm Eckert, Corporate Communications Manager, Tel. +49 89 5150 1881, [email protected]
Brokerjet Bank AG:
Board Secretariat, Tel. + 43 1 53689 17726, [email protected]
End of Corporate News
26.08.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | Baader Bank AG |
| Weihenstephaner Str. 4 | |
| 85716 Unterschleißheim | |
| Germany | |
| Phone: | +49 89 5150 1882 |
| Fax: | +49 89 5150 29 1880 |
| E-mail: | [email protected] |
| Internet: | www.baaderbank.de |
| ISIN: | DE0005088108 |
| WKN: | 508810 |
| Listed: | Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München (m:access), Stuttgart; Frankfurt in Open Market |
| End of News | DGAP News-Service |
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| 227419 26.08.2013 |