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Screenshot of a breaking news alert e-mail from Q2 2017
TradingScreen (TS), the electronic trading solutions provider, has announced the expansion of its European operations with the opening of a new office in Frankfurt, Germany. Financial services veteran, Michael Kuhlow, has recently joined as Director to lead the Frankfurt operations.
Michael Kuhlow, equipped with 20 years of experience in financial services and awareness of regional needs in Germany, will take on a strategic role building out operations within the Germany, Austria and Switzerland region.
Michael Kuhlow commented:
Opening an office in Frankfurt will enable us to better understand the workflows and specific requirements of our regional clients and to offer them the optimum level of local support and service.
This is an exciting time to be opening the new TradingScreen office in Frankfurt. We look forward to working closely with regional clients including a number of Europe’s largest asset management firms. Our local presence will enable us to service their multi-asset class trading and evolving regulatory requirements as we approach the year-end deadline for MiFID II compliance.
Pierre Schroeder, CEO of TradingScreen said:
The financial sector in Germany is playing a key role in the European and global economy. After Britain voted to leave the European Union, financial services and investment firms started looking to other European cities. The new office is more than an opportunity to grow the European business; it will enable TradingScreen to better serve existing clients as they transfer operations to continental Europe.
A Greenwich Associates survey showed 40% of continental companies had plans to change the allocation of their banking business as a result of Brexit. The Financial Times data shows that 80% of the top EU banks and 60% of insurers have head offices or subsidiaries in Frankfurt or other German cities.