Deutsche Börse Takes Minority Stake in Bondcube

deutsche-borse-headquarters-eschborn
The exchange group has taken a small stake in the platform.

Financial terms were not specifically disclosed, but the exchange group said that it was in the low single-million digits (GBP). Bondcube, based in London and Boston, connects dealers and clients in a single electronic marketplace, and was started by a former Deutsche Bank executive in 2013. Access is provided free-of-charge to buy-side firms, with a pricing structure for the sell side.

"This investment in Bondcube highlights our focus on using innovation to drive growth and buoyancy in financial markets whilst ensuring integrity and safety for all," , says Johannes Weßling, head of bonds trading at Deutsche Börse. "Through this exciting move, Deutsche Börse enlarges its client reach with direct access to the buy side whilst offering unique benefits to the sell side with no disintermediary effect."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here