Baader Bank Aktiengesellschaft: management transactions · Germany · BaFin

About Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft (ISIN: DE0005088108, ticker: BWB.DE) is a listed German securities and investment-services bank traded on Xetra/Frankfurt (DAX/MDAX/SDAX), in Germany. For French-, Belgian- and Swiss-based investors, the company represents a specialist capital-markets franchise rather than a universal bank: its earnings profile is driven by market making, brokerage, platform services, and banking infrastructure linked to securities trading. The group traces its roots back to 1983, when founder Uto Baader began his career as a stock trader at the Munich Stock Exchange. Over time, the business expanded through brokerage and market-making activities, major structural steps in the late 1990s, and a conversion into a full-service bank in 2008. Baader Bank’s headquarters are in Unterschleißheim near Munich, Germany, with additional German locations in Frankfurt am Main and Stuttgart. That footprint underscores its close connection to Germany’s main financial hubs and its historical proximity to the domestic exchange ecosystem. Today, Baader Bank operates across several core business lines: Market Making, Capital Markets, Brokerage, Fund Services, Account Services and Research Services. Its model is highly specialized. On one side, it provides liquidity and trading expertise across a very broad range of financial instruments; on the other, it acts as a banking and trading infrastructure partner for neobrokers, fintechs, online asset managers and banks. The bank also serves mid-sized companies from the German-speaking region by supporting capital increases, IPOs and bond issuance, and it acts as a designated sponsor and market maker. In addition, it produces equity research with a strong focus on the DACH region. In competitive terms, Baader Bank stands out through its niche positioning, execution capability and platform-oriented offering. Management states that the bank handles trading in roughly 800,000 financial instruments, making it one of Germany’s leading specialists in securities trading. The Baader Trading brand now consolidates the group’s trading-related activities and services, supporting a more unified commercial identity. Recent developments are important. In June 2025, Baader Bank received BaFin approval under MiCAR for the execution of orders on crypto-assets, enabling passported crypto services across the EU. Management has also highlighted continued growth in partnerships and platform relationships. At the same time, the group reported record 2025 results but noted that a de-migration of one cooperation partner reduced part of its B2B2C business volumes. Overall, the investment case remains that of a focused market-infrastructure bank: attractive when trading activity, partner growth and product expansion are favorable, but still exposed to market volumes, partner concentration and regulatory execution.