03.04.2014
Baader Bank AG DE0005088108
BaBaader Bank AG expands product range through ETP joint ventureader Bank AG:
(DGAP-Media / 03.04.2014 / 13:21)
Baader Bank AG expands product range through ETP joint venture
Baader Bank and Ophirum Commodity GmbH have joined forces to create a new
German ETP issuer: Ophirum ETP GmbH. The new issuer specialises in precious
metal exchange-traded products (ETPs).
Ophirum ETP GmbH will begin by launching four ETPs, in gold, silver,
palladium and platinum, with exclusive custody in Germany. The ETPS are
listed securities, allowing investors to benefit from transparency and the
performance of the underlying assets, while the physical deposits offer a
high level of security. The ETPs are very different in some aspects to
existing products on the market.
Baader Bank owns a 50% stake in Ophirum ETP GmbH. The managing directors
are Christian Grabbe (Head of Services Market Making at Baader Bank) and
Önder Ciftci (Managing Director, Ophirum Commodity GmbH). Baader Bank will
ensure that the market making services associated with the products meet
our usual high standards. "For Baader Bank, this joint venture offers
strategic added value. It allows us to build on our core competences in
trading", comments Uto Baader, Chairman of the Executive Board at Baader
Bank. For more information, visit www.ophirum-etp.de (website in German
only).
End of Media Release
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Issuer: Baader Bank AG
Key word(s): Finance
03.04.2014 Dissemination of a Press Release, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Baader Bank AG
Weihenstephaner Str. 4
85716 Unterschleißheim
Germany
Phone: +49 89 5150 1882
Fax: +49 89 5150 29 1880
E-mail: [email protected]
Internet: www.baaderbank.de
ISIN: DE0005088108
WKN: 508810
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München (m:access), Stuttgart; Frankfurt in Open Market
End of News DGAP-Media
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