The operator of a foreign market for financial instruments offers clients direct electronic access to trading on the market in question. Such offers are subject to authorization. – Cf. Annual Report 2008 of BaFin, p. 153 (requirements for granting a license), Annual Report 2009 of BaFin, p. 178 (four operators of foreign markets have been granted a license by BaFin).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/