Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
upwards trending arrow

25946

DEGIRO reports increases in trades and clients

RELATED TOPICS​

Dutch online broker-dealer DEGIRO has reported a 62 per cent increase in the number of client accounts during the past year to 208,267.

Revenue, meanwhile, has increased to almost EUR29 million (+65 per cent) for the first nine months of 2017, while the number of transactions so far the year has surpassed 10 million (+ 55 per cent).
 
In Q3, DEGIRO processed 3,474,591 transactions and 22,474 thousand new accounts were opened. DEGIRO has recorded a net profit in all three of the quarters in 2017.
 
Gijs Nagel, CCO of DEGIRO, says: “Being able to provide a best in class product as well as the lowest costs in the industry is an unusual combination. We believe this can be possible by building the most efficient platform and taking advantage of economies of scale. DEGIRO has the most efficient structure in the industry which saves on costs for every transaction. These savings are returned to clients in the form of fees that are on average 80 per cent lower. Planned geographic expansion will boost growth, enabling us to increase investment into our product and services. A good example is our new app, which already has one of the highest industry ratings for a mobile platform.”

Latest News

According to the latest ESG data from PwC Luxembourg finds that investment flows towards EU..
Solactive and private equity data provider CEPRES have established a new partnership for to introduce..
New research published today by the CFA Institute Research and Policy Centre analyses the many..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by