Schnigge securities trading bank

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  Schnigge Wertpapierhandelsbank SE
logo
Country GermanyGermany Germany
Seat Frankfurt am Main
legal form Societas Europaea
ISIN DE000A0EKK20
founding 1992
Website www.schnigge.de
Business data 2016
Total assets € 2.4 million
Employee 18th
management
Board of Directors Jürgen Frodermann (Chairman)
Corporate management

Jochen Heim, Christian Maria Kreuser, Florian Weber (managing directors)

Template: Infobox_Kreditinstitut / Maintenance / ID is missing

The Schnigge Wertpapierhandelsbank is a former financial services company in the area of on-exchange and off-exchange securities trading, asset management and corporate finance . As a securities trading bank , it had a banking license , but did not conduct any deposit or loan business . The company was founded in 1992 and has its headquarters in Frankfurt am Main ; there is also a branch in Willich (North Rhine-Westphalia). Schnigge is himself listed on the regulated market .

In addition to Valora Effekten, the company was one of the two German operators of trading platforms for unlisted securities. About 100 shares , participation certificates , bonds and certificates were listed in the system known as " telephone trading" .

history

The Schnigge company was founded in Düsseldorf in 1992 . In 1998 there was a formal re-establishment as a securities trading bank under the name Börsenmakler Schnigge AG . In 1999 the company went public in Düsseldorf.

One or two years later, the dot-com speculative bubble burst ; the stock market fell into a bear market and the financially sensitive Schnigge AG found itself in financial difficulties. At the end of 2002 she became insolvent . After a temporary cessation of business operations and a few difficult years, the Stuttgart-based DKM Asset Management AG joined the company as the new main shareholder in 2005 , and Schnigge AG was renamed DKM Wertpapierhandelsbank AG . In the course of a further change of ownership, the company name changed to Schnigge Wertpapierhandelsbank AG in 2007 . At that time, the company's core business consisted of order book management for securities on the Düsseldorf , Hamburg and Frankfurt stock exchanges as well as brokerage . In corporate finance business, succeeded in the years to placement of various corporate bonds , which from 2012 by a self-powered drawing platform was supported.

In 2016 the company changed its legal form; the AG became a European company (SE). In the same year there was another temporary bankruptcy after the processing of a large securities order for an institutional client was delayed. As a result, most of the business collapsed. In addition to the order book management in Düsseldorf, which was already available, the one in Hamburg was also lost, as was the trading business with many important customers. The owner changed again: As part of a management buy-out , director Florian Weber acquired 92% of the company's shares.

At the beginning of January 2017, the Handelsblatt reported that Schnigge needed 1.4 million euros of fresh equity and was planning to issue bonds.

The company's headquarters were relocated from Düsseldorf to Frankfurt in 2017.

Schnigge has been in deficit since 2013 and tried to "strategically realign" the business. After a failed capital increase , the company surrendered its license to operate banking and financial services in August 2018 and ceased business activities.

On October 11, 2018, the bank filed an application for insolvency at the Frankfurt am Main district court and is to be restructured in protective shield proceedings .

Web links

Individual evidence

  1. ↑ a b c One-Tier-System: CMS and Wiedenbauer accompany Schnigge on SE conversion , juve.de, July 11, 2016.
  2. ↑ a b Annual Report 2016 , schnigge.de. (PDF; 1.6 MB)
  3. ↑ Hoppenstedt Aktienführer 2016, pp. 747f.
  4. ↑ Courses in telephone trading ( memento from May 20, 2016 in the Internet Archive ) on schnigge.de, accessed on December 15, 2017.
  5. ^ Hoppenstedt Aktienführer 2000, page 162.
  6. ↑ Negotiations with investors failed, cancellation of the AGM on December 18, 2002, mandatory report by the stockbroker Schnigge AG on dgap.de, December 12, 2002.
  7. ^ Name change ( memento of April 3, 2005 in the Internet Archive ). schnigge.de, March 30, 2005. (PDF)
  8. ↑ DKM Wertpapierhandelsbank is for sale , Finance Magazin, June 13, 2007.
  9. ↑ DKM Wertpapierhandelsbank AG: Renaming to SCHNIGGE Wertpapierhandelsbank AG, broad market positioning planned. , Press release from DKM Wertpapierhandelsbank AG on dgap.de, September 10, 2007.
  10. ↑ Annual report 2008 , schnigge.de.
  11. ↑ SCHNIGGE Wertpapierhandelsbank AG: The SCHNIGGE Wertpapierhandelsbank successfully accompanies the 6.25% Hahn-Immobilien-Beteiligungs AG Mittelstandsanleihe , press release of the Schnigge Wertpapierhandelsbank on dgap.de, September 13, 2012.
  12. ↑ Bafin files for bankruptcy for Schnigge. In: Handelsblatt . September 30, 2016, accessed August 27, 2018 .
  13. ↑ Schnigge Wertpapierhandelsbank SE: BaFin withdraws insolvency application. Schnigge Wertpapierhandelsbank, October 4, 2016, accessed on August 27, 2018 (press release).
  14. ↑ SCHNIGGE Wertpapierhandelsbank SE: Change of major shareholder , mandatory notification by Schnigge Wertpapierhandelsbank AG on dgap.de, December 5, 2016.
  15. ↑ Securities trader Schnigge needs fresh capital. In: Handelsblatt . January 3, 2017, accessed August 28, 2018 .
  16. ↑ Announcement in the commercial register of May 30, 2017, Frankfurt am Main Local Court, HRB 108601.
  17. ↑ Annual financial statements 2012–2016 of Schnigge Wertpapierhandelsbank AG
  18. ↑ Half-yearly financial report 2017 , schnigge.de. (PDF; 0.3 MB)
  19. ↑ Schnigge Wertpapierhandelsbank SE: Return of license. In: wallstreet: online . August 27, 2018. Retrieved August 27, 2018 .
  20. ^ Martin Hock: Lack of capital: Wertpapierhandelsbank Schnigge ceases operations. In: faz.net . August 28, 2018. Retrieved August 29, 2018 .
  21. ↑ https://www.pressetext.com/news/20181011011

Coordinates: 50 ° 7 ′ 12.3 "  N , 8 ° 40 ′ 43.4"  E