sur Trade Republic Bank GmbH
Trade Republic internalizes securities settlement on its own platform
Trade Republic takes a major step forward by now managing securities settlement in-house, becoming one of the largest custodians in Europe. This initiative replaces HSBC as the intermediary depository.
The company is investing several tens of millions of euros in this infrastructure, built internally over the past two years. The aim is to offer conservation services and develop new products more quickly for European customers.
Christian Hecker, co-founder of Trade Republic, underlines the importance of this innovation for mastering the entire chain of brokerage professions and simplifying tax declarations on European markets.
The migration of existing customers to this new platform was completed within a weekend. This approach is part of a global strategy aimed at modernizing Trade Republic's banking infrastructure.
R. E.
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