Deutsche Börse Seeks More Fintech Acquisitions
- After the successful acquisition of 360T, the exchange is planning to amass a fintech portfolio
Deutsche Börse is on the lookout for new acquisition opportunities in the financial technology sector, Chief Executive Officer Carsten Kengeter said today at a financial conference, as quoted be Reuters.
The acquisition spree targets building up a portfolio of such companies, since not all of them will be successful in the long-term, Kengeter added. The tactic is in tune with Deutsche Börse’s ambition to play a major role in the consolidation of the exchange sector.
Leveraging New Competitive Edge
Last month, the exchange announced that it had completed the acquisition of 360T, an over-the-counter (OTC) Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, as part of efforts to enhance its asst class coverage, thus enhancing its competitiveness. The 725-million-euro ($796 mln) deal was first announced in July. The exchange will now use this addition to its business as a hub for developing an FX trading offering.
Banks and financial service providers have lately started paying more attention to the fintech startups that have been popping up over the last few years, becoming increasingly aware of the challenge they pose for them, by offering customers highly customized, user-friendly trading and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term solutions. One way of dealing with this new competition is through acquisitions, which allows the likes of Deutsche Börse to utilize the know-how of these new companies.
Deutsche Börse is on the lookout for new acquisition opportunities in the financial technology sector, Chief Executive Officer Carsten Kengeter said today at a financial conference, as quoted be Reuters.
The acquisition spree targets building up a portfolio of such companies, since not all of them will be successful in the long-term, Kengeter added. The tactic is in tune with Deutsche Börse’s ambition to play a major role in the consolidation of the exchange sector.
Leveraging New Competitive Edge
Last month, the exchange announced that it had completed the acquisition of 360T, an over-the-counter (OTC) Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, as part of efforts to enhance its asst class coverage, thus enhancing its competitiveness. The 725-million-euro ($796 mln) deal was first announced in July. The exchange will now use this addition to its business as a hub for developing an FX trading offering.
Banks and financial service providers have lately started paying more attention to the fintech startups that have been popping up over the last few years, becoming increasingly aware of the challenge they pose for them, by offering customers highly customized, user-friendly trading and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term solutions. One way of dealing with this new competition is through acquisitions, which allows the likes of Deutsche Börse to utilize the know-how of these new companies.