DGAP-News: Brexit: flatex-IT Executed Record 80,000 Trades at Full Load


DGAP-News: FinTech Group AG / Key word(s): Miscellaneous
Brexit: flatex-IT Executed Record 80,000 Trades at Full Load

27.06.2016 / 06:19
The issuer is solely responsible for the content of this announcement.

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Brexit: flatex-IT Executed Record 80,000 Trades at Full Load

  - online brokerage subsidiary flatex executed three times as many trades
    as usual

  - reduced leverage limits remain in place until Monday evening

  - flatex certificate "EU Referendum" was one of most heavily traded
    securities

  - #BREFUGEES Welcome: FinTech Group expects new business through
    financial institutions migrating from London

Frankfurt am Main - In addition to sharp market fluctuations, the
surprising outcome of the Brexit Referendum on Friday also led to record
trading volumes. The online broker flatex, a member company of the FinTech
Group AG (WKN 524 960, ISIN: DE0005249601, abb.: FLA.GR), executed about
80,000 trades on Friday on their perfectly performing IT platform - more
than three average trading days combined. This is a record in flatex's ten
year history.

flatex established extensive safeguards before the Brexit Referendum that
will remain in place until at least Monday evening. These include dropping
the maximum selectable leverage for most CFD (contracts for differences)
products from 100 to 20 to protect clients from being forced to make
supplementary payments. In addition, market experts are monitoring the
situation very closely, and client service was reinforced so it could
handle requests from its 160,000 clients in Germany and Austria as quickly
as possible.

The flatex index certificate "EU REFERENDUM" was the second most traded
underlying security after the DAX, at the Stuttgart Exchange among knockout
products on Friday. This certificate was issued by Morgan Stanley and sold
under the flatex brand. The underlying is an index of 15 German companies.
It is one of the first exchange traded products issued under the strategic
partnership with Morgan Stanley signed in February.

For B2B business, FinTech Group AG expects significant demand from
financial institutions that are currently based in London and will likely
relocate to Germany.

"We regret the decision of the British people to leave the EU. However,
this is also an opportunity for Germany, and specifically for the Frankfurt
financial market. Many London-based financial institutions will have to re-
orient themselves. This will generate new jobs in continental Europe, from
which Frankfurt will also benefit. FinTech Group AG is expecting an
increase in demand for their IT infrastructure and financial technology to
result from this," commented Frank Niehage, CEO of FinTech Group AG.



About FinTech Group AG

FinTech Group AG (WKN: 524 960, ISIN: DE0005249601, Ticker Symbol: FLA:GR)
is one of the most significant innovative financial technology companies in
Europe. Our B2C brands service a total of 200,000 private clients.
Likewise, our B2B business lines are important technology partners for
German and international banks and financial institutions.

Our preliminary EBITDA 2015 is EUR 19 million. Our wholly owned subsidiary
flatex GmbH has been one of the innovation leaders in the German online
brokerage market for years. About 150,000 private clients both in Germany
and internationally have chosen flatex' clear and transparent pricing
model.

XCOM AG, in which we hold a majority interest, was founded in 1988 and is a
German pioneer in the area of financial technology. Today, XCOM AG is one
of the most successful software and technology providers for banks and
financial institutions.

biw Bank für Investments und Wertpapiere AG, which is also belongs to
FinTech Group, has a full-service banking license and is the group wide
backbone of our banking services. It also serves as outsourcing partner for
other well-known banks ("white label banking services") and is one of the
most modern online banks in Europe.

FinTech Group AG is also an important partner for many young fintech
companies in the up-and-coming
German start-up scene, who benefit from our innovative profile.



Disclaimer

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.





Contact:
Roman Kessler
Roman.kessler@fintechgroup.com
Head of Communications
FinTech Group AG
Rotfeder-Ring 5
D-60327 Frankfurt/Main
+49 (0) 69 450001 041
Roman.kessler@fintechgroup.com


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27.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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   Language:    English                                                     
   Company:     FinTech Group AG                                            
                Rotfeder-Ring 5                                             
                60327 Frankfurt am Main                                     
                Germany                                                     
   Phone:       +49 (0) 69 450001 041                                       
   E-mail:      roman.kessler@fintechgroup.com, ir@fintechgroup.com         
   Internet:    www.fintechgroup.com                                        
   ISIN:        DE0005249601, DE0005249601                                  
   WKN:         524960                                                      
   Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Munich,  
                Stuttgart; Open Market (Entry Standard) in Frankfurt        
 
 
   End of News    DGAP News Service  
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474425 27.06.2016