Daiwa Capital Markets Deutschland GmbH
Daiwa Capital Markets Deutschland GmbH (DCMD) in Frankfurt am Main was founded in 2017 and approved as a "securities trading bank" by the Federal Financial Supervisory Authority (BaFin) on 30 August 2018. A securities trading bank is defined in section 1 para. 3d (5) of the German Banking Act (KWG).
Business commenced on 3 September 2018.
From 26 June 2021, a new prudential regime applies to investment firms authorised under the Markets in Financial Instruments Directive 2014/65/EU (MiFID II). This new framework, set out in the Investment Firm Regulation (EU) 2019/2033 (IFR) and the Investment Firm Directive (EU) 2019/2034 (IFD), significantly revises the prudential rulebook for investment firms by introducing a bespoke regime.
Pursuant to section 1 of the German Investment Firm Act (WpIG), DCMD is subject to WpIG since 26 June 2021. DCMD qualifies as a medium-sized investment firm according to sections 2 para. 1, 2 para. 2 and 2 para. 17 WpIG and is regulated by BaFin.
DCMD is a wholly owned subsidiary of Daiwa Capital Markets Europe Ltd (DCME) located in London, UK and thereby part of Daiwa Securities Group Inc. (Daiwa Group), one of the largest brokerage and financial services groups in Japan.
Products and Services
DCMD runs a broker-dealer business and offers Japanese and Asian financial products to European institutional investors and European financial products to Japanese institutional investors. This reflects the connections and synergies of the Daiwa Group.
DCMD employs around 20 experienced employees in Frankfurt. The sales teams consist of experienced employees from all over Europe who offer our customers a comprehensive service from Frankfurt.
History of Daiwa Group in Germany
Daiwa Group can look back on a long and successful history in Germany. In 1969, DCME opened a representative office in Frankfurt, which became a subsidiary in the legal form of a GmbH in 1973. The subsidiary operated successfully in Frankfurt for the next 26 years.
In March 1999, the London-based European headquarters reorganized the subsidiary as a branch.
For the next 16 years, the branch successfully established itself on the Frankfurt Stock Exchange. Due to a global realignment, all continental European activities were centralized in London and the Frankfurt branch was closed on 30 June 2015.