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New record result for Tradegate Exchange


Tradegate Exchange set a new record in March 2011, concluding a total of 579,000 transactions in equities, funds, ETFs and bonds, a 133-percent increase as against March 2010 (248,000). The total also represents a gain of 69 per cent month-on-month (February 2011: 401,000).

Total order book turnover on Tradegate Exchange totalled EUR3.3 billion in March, an increase of 136 percent year-on-year (March 2010: EUR1.4 billion). Market share based on the number of equity transactions concluded has risen significantly to around 42% in comparison with German trading floors, and Tradegate Exchange has thus assumed market leadership in exchange retail business.

“This considerable increase in businesses depends among other things on the dwpbank connection, which now provides many savings and cooperative banks with access to Tradegate Exchange,” says Jochen Thiel, managing director of Tradegate Exchange GmbH. “We expect the number of transactions via Tradegate to rise even further this year; an additional participant, Schweizer Timber Hill (Europe) AG, has also been connected since April.”

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