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.

---------------------------------------------------------------------------

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