German fintech SideCaps has selected CACEIS to provide settlement services and clear cash equity transactions for trades executed on its block trade platform.
Launched in January 2023, SideCaps’ platform provides secure and transparent trading access and vertical integration with XETRA and Eurex CCP. Used for listed small- and medium-sized enterprise (SME) secondary-line stocks, it creates a liquidity pool for German and Austrian SMEs.
SideCaps aims to achieve centralisation for market participants, allowing for easier access to large-volume investments and high-quality information.
Julius Krieg, CEO and founder of SideCaps, says: “CACEIS is an experienced clearing partner for our innovative block trading platform for the SME secondary-line stock market in Germany. Reliable transaction processing is key to the success of our business, and CACEIS is clearly the partner of choice.”
Anja Meiberger, head of recreational coverage for Germany, Austria and Eastern Europe at CACEIS, adds: “Forming a close working partnership with our clients is key to our group’s business policy.
“As an experienced provider of clearing and settlement services, CACEIS was able to assist SideCaps in the design and analysis of the processes behind the new SME matching platform in order to ensure they met the necessary efficiency, transparency and regulatory compliance targets stated at the outset of the project.”
