Boerse Stuttgart Launches Digital Arm
Boerse Stuttgart GmbH has a new subsidiary: Boerse Stuttgart Digital Ventures GmbH. The company was launched on 15 September 2017 and develops innovative business models for exchange trading and over-the-counter (OTC) trading in fungible products.
Alexander Höptner, Managing Director at Boerse Stuttgart GmbH, explained: ‘The goal is to shift our business activities even more decisively onto retail customers with the help of innovative, digital technologies in order to offer customers significant value.’ The new company will focus particular attention on the Predictive Data Analytics division, which is being set up by a separate team of programmers and products managers. The Managing Director added: ‘Boerse Stuttgart Digital Ventures also invests in promising startups and enters into partnerships with selected partners to implement its digitisation strategy.’
Managing Director of Boerse Stuttgart Digital Ventures GmbH is Dr Ulli Spankowski. In addition to having ten years of exchange experience, the 35-year-old is an acknowledged expert in the startup and fintech scene. In his previous job as Director of the Stuttgart Financial initiative, he campaigned for startups in the German federal state of Baden-Wuerttemberg and the rest of Germany, playing a leading role in launching VentureZphere at Boerse Stuttgart. There are currently around 200 startups registered on the free online platform at www.venturezphere.com to network with investors and established companies as potential strategic partners. Spankowski is supported in the ventures business division by Matthias Ick, who has been appointed Venture Partner for Digital Business Models and VC Financing, and brings with him great entrepreneurial skill and experience in the field of Venture Capital.
The new company is based in Stuttgart. Its business activities will have an international focus right from the start – for example in Scandinavia, because of this area’s affinity with exchange and digitisation matters. Alexander Höptner commented: ‘We combine northern European innovativeness with Swabian entrepreneurship.’ The basis for this was created years ago: the second-largest Swedish exchange, Nordic Growth Market NGM AB (NGM), is also a subsidiary of Boerse Stuttgart GmbH
About Boerse Stuttgart Digital Ventures:
Boerse Stuttgart Digital Ventures GmbH was established to develop innovative business models for exchange trading and over-the-counter (OTC) trading in fungible products. It can also invest in promising startups and enter into partnerships with selected partners to implement its digitisation strategy. Boerse Stuttgart Digital Ventures GmbH is a wholly-owned subsidiary of Boerse Stuttgart GmbH.
Source: Boerse Stuttgart