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Erste Bank Replaces Security Trading Platform Brokerjet with George

Published: July 14, 2015; 18:00 · (FriedlNews)

Erste Bank's Brokerjet service - that is tailored specifically toward the needs of online trading customers - will be discontinued as of the end of November. In the future the service will be offered via securities trading services George.

Erste Bank Replaces Security Trading Platform Brokerjet with George / Picture: © Erste Bank / Brokerjet

Brokerjet is a service of Erste Bank that is tailored specifically toward the needs of online trading customers and is well-established in the market.

However, in recent months a number of important framework conditions have changed.

The new legal changes would necessitate comprehensive and costly investments in the system.

Due to the altered statutory requirements, Brokerjet would have to reevaluate its strategic orientation, optimize existing processes, develop new ones and implement comprehensive IT adjustments.

In view of the already planned expansions of the new online platform George, Erste Bank isn't prepared to engage in a duplication of costly capital expenditures.

The strategy is to integrate all innovation measures in George.

Until it becomes possible to use securities trading services in George, Erste Bank und Sparkassen are offering customers the new advice-free online service “Self-Directed Investor” on the current netbanking platform at especially attractive terms.

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