SideCaps - Ceasing of business activity
The vision behind SideCaps, initially created over four years ago, was developed and
implemented with a lot of heart and soul, innovative ideas, an outstanding team and strong
partners to become the first fully automated Off Book/ On Exchange block platform in Germany.
Over 100 clients were directly or indirectly connected to our platform and successfully
executed exchange-traded block transactions at low fees in a transparent setup.
Unfortunately, the German small cap segment has deteriorated significantly since the launch of
our matching platform, resulting in drastically reduced trading volumes in this space and
making it much more difficult to establish an innovative matching platform in the market.
We have held intensive talks with potential strategic partners in recent weeks. Regrettably,
these did not result in any agreements.
We would like to thank you for the trust you have placed in us and for the good cooperation!