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SHARE IN FOCUS: Flatexdegiro recovers from the latest price slide

Thursday, 11/11/2021 2:15 p.m. from

dpa-AFX

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Daily newspapers (symbol image). pixabay.com

FRANKFURT (dpa-AFX) – The shares of Flatexdegiro went on a recovery course on Thursday after several weak days. The day before, at 17.14 euros, they had approached their low since mid-January, but now they went up again by 3.60 percent at 18.44 euros. On Thursday, Deutsche Bank analyst Mengxian Sun and the company itself rebutted the concerns of investors, which had triggered a report the previous day about a possible ban on the “Payment for Order Flow” business practice (PFOF) of modern brokers.

The Deutsche Bank expert believes that such a decision will have little impact on Flatexdegiro’s business model. In its study, Sun emphasized that there are even positive effects possible due to declining competition. A message from Flatexdegiro on Wednesday afternoon already went in a similar direction, the online broker welcomed initiatives to improve price transparency and the processing quality for private investors. According to a statement from the company, the donations in question only made up 3.2 percent of total income in the first nine months.

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