DZ Bank, Germany’s second largest bank and central institution for around 800 cooperative banks in Germany, is now among the trading members of Luxembourg Stock Exchange (LuxSE). However, cooperation between the two establishments dates backs to 1992, when the bank listed its first security on the exchange. Today it has about 37 securities listed on LuxSE, which boasts over 37,000 securities as the world's leading exchange for internal debt securities.
“We are delighted to welcome DZ Bank as a new trading member at our exchange. DZ Bank's position in the cooperative financial network in Germany makes it a strong addition to our list of trading members,” said Julie Becker, CEO of LuxSE.
As a trading member, the bank will also provide liquidity for the securities it has listed and has equally expressed its intention to increase its listings on LuxSE, especially for USD-denominated certificates.