With effect from 1 August, Christian Schürlein is a new managing director of Berlin-based Tradegate Exchange GmbH, the operating company of the public-law stock exchange, Tradegate Exchange. Schürlein (41) had been at Deutsche Börse since 2007, where he was responsible for coordinating post-trade activities. Prior to that, he was a financial services consultant at Accenture for ten years.
“Tradegate has a convincing offering for private investors. It has successfully expanded its position as a retail exchange in the last few years based on extended trading hours and order types that appeal to private investors. Long and secure availability of the trading offering is key, particularly in volatile market phases, in order for private investors to trade at attractive prices at any time. I will use my new role to reinforce Tradegate's position,” said Schürlein.
The previous managing director of Tradegate Exchange GmbH, Jochen Thiel, is leaving the company to pursue new opportunities. “We would like to thank Jochen Thiel for his dedication over the years. He was instrumental in the transition of Tradegate Exchange to a public-law – and established – stock exchange,” said Frank Gerstenschläger, shareholder representative at Deutsche Börse and Holger Timm shareholder representative at Tradegate AG.
Tradegate Exchange is a stock exchange specialising in private investor orders. Currently, predominantly online banks from Germany, France and Austria are connected. Tradegate Exchange provides private investors with information on the current market situation and enables them to trade selected equities, bonds and funds at current prices every trading day from 8 a.m. to 10 p.m. – which means also outside the trading hours of other European exchanges. Private investors pay no fees, and have access to a range of intelligent order types allowing them to seize return opportunities even in turbulent times. Thorsten Commichau is also managing director at Tradegate Exchange GmbH, having held his position since 2009.
Deutsche Börse AG acquired a 75-percent interest plus 1 share in Tradegate Exchange GmbH, the stock exchange operator, in 2010. Deutsche Börse AG also holds a 5-percent stake in Tradegate AG Wertpapierhandelsbank, one of the specialists on the Tradegate Exchange.