Bringing you live news and features since 2006 

upwards trending arrow

DEGIRO reports increases in trades and clients

RELATED TOPICS​

Dutch online broker-dealer DEGIRO has reported a 62 per cent increase in the number of client accounts during the past year to 208,267.

Revenue, meanwhile, has increased to almost EUR29 million (+65 per cent) for the first nine months of 2017, while the number of transactions so far the year has surpassed 10 million (+ 55 per cent).
 
In Q3, DEGIRO processed 3,474,591 transactions and 22,474 thousand new accounts were opened. DEGIRO has recorded a net profit in all three of the quarters in 2017.
 
Gijs Nagel, CCO of DEGIRO, says: “Being able to provide a best in class product as well as the lowest costs in the industry is an unusual combination. We believe this can be possible by building the most efficient platform and taking advantage of economies of scale. DEGIRO has the most efficient structure in the industry which saves on costs for every transaction. These savings are returned to clients in the form of fees that are on average 80 per cent lower. Planned geographic expansion will boost growth, enabling us to increase investment into our product and services. A good example is our new app, which already has one of the highest industry ratings for a mobile platform.”

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by