|
DGAP-News: flatex AG
/ Key word(s): Market Report
Corporate News / Frankfurt/Main, April 22, 2020 Zero losses at flatex with respect to unusual oil price movements - Energy markets recently exhibited extraordinary price activity in West Texas Intermediate (WTI) crude oil future contracts - flatex experienced no losses on any positions and issued no margin calls associated directly or indirectly with such price movements - Business levels continue to benefit from elevated volatility levels Frankfurt am Main - flatex AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR) exhibits zero losses associated with the unusual oil price movements recently observed. On Monday, April 20, 2020 energy markets exhibited extraordinary price activity in West Texas Intermediate (WTI) crude oil future contracts with the May 2020 contract dropping to unprecedented negative levels. flatex clients are not invested in any futures or options and thus are not exposed to any price movements. Therefore flatex is not negatively impacted with respect to any positions in such contracts and issued no margin calls to clients associated directly or indirectly with such price movements. The strong business trends observed in Q1/2020 continue throughout April 2020 benefitting from elevated volatility levels in the financial markets.
In December 2019, flatex announced the acquisition of DeGiro, which will make it one of the largest online brokers in Europe. After completion of the transaction, together they expect to serve more than one million customers with over 35 million securities transactions in 2020. In a time of bank consolidation, low interest rates and digitalization, the flatex Group is thus ideally positioned for further growth and on its way to becoming Europe's leading provider of online retail brokerage. Muhamad Chahrour CFO & IR flatex AG Rotfeder-Ring 7 D-60327 Frankfurt/Main +49 (0) 69 450001 0
22.04.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | flatex AG |
| Rotfeder-Ring 7 | |
| 60327 Frankfurt / Main | |
| Germany | |
| Phone: | +49 (0) 69 450001 0 |
| E-mail: | |
| Internet: | |
| ISIN: | DE000FTG1111 |
| WKN: | FTG111 |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1026875 |
| Â | |
| End of News | DGAP News Service |
|
|
1026875Â Â 22.04.2020Â
