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HSBC Trinkaus & Burkhardt and T-Systems enter into securities processing joint ventureDüsseldorf/Frankfurt, 11th November 2004HSBC Trinkaus & Burkhardt and T-Systems are to enter into a joint venture focusing on securities transaction processing. It was announced by both companies that HSBC Trinkaus & Burkhardt's entire securities processing operation will be handled within the framework of a joint venture with T-Systems, a subsidiary of Deutsche Telekom. An appropriate agreement has been signed by both companies. A partnership of this kind is unprecedented in the German banking sector; it is the first time a bank has formed a partnership with a completely bank-independent IT service provider in the securities processing arena. ... read the entire article (PDF) (~35KB) For further information please contact: HSBC Trinkaus & Burkhardt: Harald Düren on +49 (0)211 910 3761 T-Systems: presse@t-systems.com on +49 (0)69 6 65 31-126 fimatex to outsource securities processing to HSBC Trinkaus & Burkhardt© HSBC Trinkaus & Burkhardt, Düsseldorf, November 2004Online broker fimatex by boursorama is to outsource its securities processing to HSBC Trinkaus & Burkhardt in 2005 following the recent conclusion of an outsourcing agreement between the German arm of France's Groupe Boursorama and the Düsseldorf-based private bank. "Cutting-edge technology and the expertise of our employees on the fiercely contested outsourcing market has enabled HSBC Trinkaus & Burkhardt to acquire another key account," says Paul Hagen, personally liable partner of HSBC Trinkaus & Burkhardt. The portfolio of fimatex by boursorama, the German branch of one of Europe's leading online brokers, predominantly comprises actively trading customers. The number of orders executed in 2003 exceeded 800,000 transactions, according to the company's figures. Fimatex S.A. was founded in Paris in 1995 as a subsidiary of Société Générale S.A. and has been listed on the Noveau Marché in Paris since 2000. HSBC Trinkaus & Burkhardt uses GEOS, developed by Austrian software company SDS, to handle securities processing. SDS became a wholly-owned subsidiary of T-Systems International this year. "As a specialist in securities trading, securities processing is one of our core competencies, both for us and for other banks," explains Paul Hagen. "We are highly service-driven and are able to offer competitive prices." Thanks to the acquisition of fimatex and the successful handling of securities processing for DAB Bank since 2004 and S Broker since 2003, HSBC Trinkaus & Burkhardt has, in terms of transaction volume, become one of Germany's leading securities processing banks. For further information please contact Harald Düren on +49 (0)211 910 3761 DAB Bank slashes transaction prices by up to 40 percentPress release, 4th October 2004Following a switch in securities processing service provider from Financial Markets Service Bank to HSBC Trinkaus & Burkhardt, DAB Bank has been able to significantly reduce its transaction costs. As a result, its customers are benefiting from a drop in transaction prices of up to 40 percent. HSBC Trinkaus & Burkhardt uses GEOS, a cutting-edge securities processing software solution. Jens Hagemann, member of the management board of DAB Bank, applauds the system's outstanding price-performance ratio, particularly when handling orders of up to EUR 1,500. His aim is to acquire 10,000 new customers by the end of the year, at the same time increasing the number of transactions by 2 percent. DAB Bank has been able to buck the current market trend, according to Hagemann, with balance-sheet figures for the third quarter already showing an upward trend. As of the third quarter, Germany's third largest online broker had a portfolio of around 459,500 securities accounts, with the number of transactions per securities account standing at 7.09. ref="files/downloads/TUB_geoslive.pdf" target=="new">... read the entire article (PDF) (~85KB) |
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