Business News

DEGIRO and CME Group announce partnership to inform retail investors

By Business & Finance
10 May 2017
Degiro office
DEGIRO offices

DEGIRO, one of Europe’s largest brokers, and CME Group, the world’s leading derivatives marketplace, have announces plans to educate retail investors in futures and options trading.

DEGIRO clients will be able to access custom educational material from CME Group aimed at expanding market participants’ knowledge and understanding of futures and options.

The resources will be integrated into DEGIRO’s website and will cover a range of topics including the benefits and risks of futures and options as well as discussions on basic to advanced trading strategies.

In 2013 DEGIRO launched its brokerage service in the Netherlands offering retail investors the same fees as professional clients. Today, more than 170,000 clients use the platform processing transactions worth in excess of €40bn across stock exchanges worldwide. The company is currently active in 18 different countries.

CME Group offers a wide range of global benchmark products across all major asset classes including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.

The company also offers clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives through its clearinghouses CME Clearing and CME Clearing Europe.

Commenting on the announcement, founder and CCO of DEGIRO, Gijs Nagel, said: “This move fits perfectly with our long-term strategy. Our clients will benefit from the extensive resources available at CME Group where clients of DEGIRO can expand their knowledge of derivative markets. As one of the largest brokers in Europe, we feel it is our duty to do more in terms of education. We expect to announce further steps toward this goal in the future.”

Executive director and head of Retail Sales at CME Group, Mark Omens, added: “We are pleased to have the opportunity to work with DEGIRO, one of the fastest growing retail brokerage firms in Europe, and to actively engage with current and new traders of all types. We are focused on providing investors the tools and resources needed to enhance their skills and understanding of futures trading.”

Read the latest Broker Report by DEGIRO’s head of Business Development in Ireland, Paul Laverty here.