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Baader Bank AG and Ophirum Commodity GmbH create joint venture: Ophirum ETP GmbH


Thursday, 3 Apr 2014 07:21am EDT 

Baader Bank AG:Joins forces with Ophirum Commodity GmbH to create new German ETP issuer: Ophirum ETP GmbH.New issuer specializes in precious metal exchange-traded products (ETPs).Ophirum ETP GmbH to begin by launching four ETPs, in gold, silver, palladium and platinum, with exclusive custody in Germany.ETPS are listed securities, allowing investors to benefit from transparency and performance of underlying assets, while physical deposits offer high level of security.Baader Bank owns 50 pct stake in Ophirum ETP GmbH. 

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27 Apr 2015