Corporate News / Frankfurt/Main, January 07, 2019
FinTech Group and Goldman Sachs agreed to deepen
Exchange Traded Products (ETP) Partnership - Goldman Sachs signs five-year contract to become the future Platinum Partner of FinTech Group
Goldman Sachs to become flatex' ETP Platinum partner for five years starting Oct 1, 2019
FinTech Group and Goldman Sachs to launch the European expansion "flatex goes Europe", starting with The Netherlands in Q1/2019
As of Oct 1, 2019 flatex customers to trade Goldman Sachs products for free (EUR 0.00)
Frankfurt/Main - FinTech Group AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) and Goldman Sachs (WKN: 920332, ISIN: US38141G1040, Ticker: GS) have agreed to broaden their very successful partnership in the ETP business. Goldman Sachs - already one of the three ETP preferred premium product partners at the Gold level of online brokerage platform flatex - signed a five-year contract and will become Platinum partner for the ETP business beginning of Oct 1, 2019. flatex customers in Germany and Austria will benefit from one of the largest and most innovative selection of certificates and warrants within the market for free (EUR 0.00 per trade). Together with Goldman Sachs, flatex will launch its European expansion strategy in The Netherlands in Q1/2109 - thus future flatex customers in the Netherlands will benefit as well from the new partnership.
Since September 1, 2018 the online brokerage platform flatex has offered its customers Germany's and Austria's most comprehensive selection of certificates and leveraged products (ETPs) in a unique product architecture at discount rates. Seven premium partners offer their products in the three different product categories platinum, gold, and silver for free (EUR 0.00 or at flat rates of EUR 1.90 and EUR 3.90 respectively) depending on the premium partner. flatex expanded its market leadership in the trade of certificates and leveraged products (ETPs) and will export its success story to Europe. Together with Goldman Sachs, flatex will roll out its European expansion plan "flatex goes Europe" already in the first quarter of this year, starting with The Netherlands.
"We are happy to upgrade the product selection for our flatex customers and to offer them with Goldman Sachs the perfect long-term platinum partner in the market for warrants and certificates", welcomed FinTech Group CEO Frank Niehage the future platinum partner. "The extended partnership with the online broker flatex and the joint expansion to span additional European markets will allow us to provide our comprehensive product offering in a very cost effective way to an even wider range of customers, while strengthening further our market position in the ETP business in Germany, Austria and other European markets," added Michael Schmitz, Managing Director, co-head Securities Division Germany and Austria at Goldman Sachs.
Joerg Peters IR & PressTel. +49 69 450001 firstname.lastname@example.org
FinTech Group AG Rotfeder-Ring 7 D-60327 Frankfurt/Main
About FinTech Group AG
FinTech Group AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) operates with flatex one of the leading and fastest growing online brokerage businesses in Europe. Executing more than 12 million customer's securities transactions paperless per annum. Offering their more than 280,000 own B2C customers top services at a competitive pricing based on their modern, self-developed state-of-the-art technology.
Many B2B customers, the state infrastructure and established financial services companies as well as disruptive business ideas benefit from FinTech Group's white label banking technology and become quickly successful businesses due to the self-developed core banking system (FTG:CBS) that belongs to the most modern and most modular systems in the market - the standard platform for private and specialist banks. In times of bank consolidation, low interest rates and digitalisation, FinTech Group is ideally positioned for further growth and well on its way to becoming Europe's leading provider of financial technology.
This release may contain forward-looking statements and information, which may be identified by formulations using terms such as "expects", "aims", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or "will". Such forward-looking statements are based on our current expectations and certain assumptions, which may be subject to variety of risks and uncertainties. The results actually achieved by FinTech Group AG may substantially differ from these forward-looking statements. FinTech Group assumes no obligation to update these forward-looking statements or to correct them in case of developments, which differ from those anticipated.