Germany · Crypto
Lang and Schwarz Tradecenter AG and CO. KG
Legal name in the LEI recordLang & Schwarz TradeCenter AG & Co. KG
Lang & Schwarz TradeCenter AG & Co. KG is a German limited partnership based in Düsseldorf. It is supervised by the Federal Financial Supervisory Authority (BaFin) and belongs to the EdW, the investor compensation scheme for German securities trading firms. Its general partner and parent is Lang & Schwarz Aktiengesellschaft, whose shares are listed on the Frankfurt Stock Exchange. The firm runs an off-exchange trading platform, which the group describes as serving about 20 partner banks and brokers. It is also a market maker on the LS Exchange of the Hamburg Stock Exchange, on Xetra, on the Vienna Stock Exchange, on Börse Stuttgart and on BX Swiss. In October 2025 it completed its crypto-asset services notification with BaFin under the EU Markets in Crypto-Assets Regulation (MiCAR).
Licences and registrations
Held by Lang & Schwarz TradeCenter AG & Co. KG (LEI 5299000TZ4OSOOGU1120). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| ESMA interim MiCA register of crypto-asset service providersFederal Financial Supervisory Authority (BaFin)Linked by LEI. Published by the register. | Crypto-asset service providerCrypto-Asset Service Provider | 5299000TZ4OSOOGU1120 | Germany | Active | 2025-10-22 | — |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
European registers
ESMA · MiFID II register
Register as at 2026-09-28
| Entry | Competent authority | Authorised | Services or instruments |
|---|---|---|---|
| Investment services (MiFID II) | Federal Financial Supervisory Authority (BaFin) | 2010-11-17 | A1 A2 A3 |
| Systematic internaliser | Federal Financial Supervisory Authority (BaFin) | 2018-01-03 | BOND CRFT DPRS ETCS ETFS ETNS OTHR SDRV SHRS |
Service codes follow MiFID II Annex I: A for investment services, B for ancillary services. Hover a code for its meaning.
Entries are matched on the LEI. Each register is quoted as its publisher lists it.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- LASDDED1XXX head office
- Connection to Swift
- Passive participant (no connection)This BIC is registered for identification only. The institution has no direct connection to the Swift network. Messages and payments reach it through a correspondent bank. The “1” in the eighth character of LASDDED1 marks a passive participant.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2012-04-07
- Last updated
- 2023-05-06
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
Lang & Schwarz Aktiengesellschaft
Firm type
Investment or brokerage
Trades as LS TradeCenter
- Standing
- Since July 2026, Trade Republic Bank GmbH has sent its customers' orders to several trading venues. The firm no longer handles all of that order flow. Trade Republic remains a partner, and the LS Exchange is still one of the venues it can choose.
- Ownership
- Lang & Schwarz Aktiengesellschaft is the firm's personally liable general partner and its direct and ultimate parent. The parent's shares are listed on the Frankfurt Stock Exchange.
- Direct parent
- Lang & Schwarz Aktiengesellschaft, Germany
- Head office
- Breite Straße 34, 40213 Düsseldorf, Germany
- Company register
- Amtsgericht Düsseldorf HRA 21180
Online
- Websites & references
- ls-tc.de ↗
Wikipedia ↗ group article
Wikidata Q137779133 ↗ - Official social accounts
- None found
Sources · 13 pages consulted
- ls-tc.de/de/impressum
- ls-tc.de/de/
- ls-d.de/ag
- ls-d.de/investor-relations/finanznachrichten/2025/596-lang-schwarz-aktiengesellschaft-herausragen
- ls-d.de/investor-relations/finanznachrichten/2025/597-lang-schwarz-aktiengesellschaft-herausragen
- ls-d.de/investor-relations/finanznachrichten/2025/577-lang-schwarz-aktiengesellschaft-veraenderun
- ls-d.de/investor-relations/finanznachrichten/2026/641-lang-schwarz-stellungnahme-zur-aktuellen-en
- ls-d.de/investor-relations/finanznachrichten
- ls-d.de/unternehmen/karriere
- ls-d.de/investor-relations/kurzportrait
- cashmarket.deutsche-boerse.com/cash-de/Handel/Xetra/liquiditaet-durch-designated-sponsors/liste-der-designated-sponsors/
- 4investors.de/nachrichten/boerse.php?sektion=stock&ID=191279
- de.wikipedia.org/wiki/Lang_&_Schwarz
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
BaFin supervises the firm, which publishes disclosures under the EU Investment Firms Regulation and belongs to the EdW investor compensation scheme. In October 2025 it completed the BaFin notification procedure under MiCAR for dealing on own account in crypto-assets.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Federal Financial Supervisory Authority (BaFin) Germany | Securities institution supervised by BaFin (member of the EdW investor compensation scheme) | — | In its own name | Active | ls-tc.de ↗ |
| Federal Financial Supervisory Authority (BaFin) Germany | Crypto-asset service provider (MiCAR notification), listed in the ESMA interim MiCA register | 5299000TZ4OSOOGU1120 | Exemption | Active | ls-d.de ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Not applicableThe firm is a market maker and does not hold payment accounts for customers. It states that it belongs to the EdW, the German statutory investor compensation scheme for securities trading firms.
- Crypto-asset custody
- Not disclosedAccording to its parent, the MiCAR notification allows the firm to deal on own account in crypto-assets, exchanging them for money or for other crypto-assets. It has not published how it holds the crypto-assets.
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
The firm quotes shares, bonds, funds, ETPs and the parent's leverage and wikifolio certificates. It trades off-exchange and as a market maker on exchanges, and private investors reach it only through partner banks and brokers.
The firm serves German partner banks and brokers and their private customers. It also quotes as a market maker on the Vienna Stock Exchange and on BX Swiss in Bern.
- Payment volume
- EUR 153.2bnTrading volume of the TradeCenter segment (market making)
- Sells to
- Financial institutions · Consumers
- Serves customers in
- Germany
Leadership
Researched 29 Sep 2026 · Sources
- Compliance / MLRO
- Oliver Ertl Management Board member of the general partner Lang & Schwarz Aktiengesellschaft (Chief Risk Officer: finance, organisation, compliance and internal audit)
- Executive
- Andreas Fleischmann Management Board member of the general partner Lang & Schwarz Aktiengesellschaft (trading, business development, treasury, legal and HR)
- Executive
- Dr. Ulrich Reidel Management Board member of the general partner Lang & Schwarz Aktiengesellschaft (IT, securities settlement and project management)
- Chair
- Jan Liepe Chairman of the Supervisory Board of the general partner Lang & Schwarz Aktiengesellschaft
Recent events
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
Lang & Schwarz Aktiengesellschaft bought P3 group's stake in P3 finance GmbH, owner of the onelink trading system. It plans to rename the firm Lang & Schwarz Market Technologies GmbH.
ls-d.de ↗ -
Other
Trade Republic began routing orders to several venues. The parent cut its 2026 forecast and called the change a break for its market making.
ls-d.de ↗ -
Other
The parent announced a planned multi-market-maker model, with the firm as one market maker. Implementation is planned for the end of 2026.
ls-d.de ↗ -
Leadership
Andreas Fleischmann joined the Management Board of the general partner. Torsten Klanten and Werner Wegl left it at the end of 2025.
ls-d.de ↗ -
Licence
The firm completed the BaFin notification procedure for crypto-asset services under MiCAR.
ls-d.de ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- LASDDED1XXX
- How the BIC breaks down
- LASDBank
- DECountry · Germany
- D1Location · passive
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 5299000TZ4OSOOGU1120
- LEI record
- View on GLEIF ↗
- Licence no. · ESMA-CASP
- 5299000TZ4OSOOGU1120
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Published by the register.
- Register-entry ID
- f02c6cf1daa0
Profile
- Type
- CryptoCrypto-asset service providers, virtual-asset trading platforms and stablecoin issuers. Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 1 entry on 1 register
- Activities
- Crypto-assets
- Licensed in
- Germany
- Website (register)
- www.ls-tc.de/de ↗
- Country · region
- Germany · Europe & Central Asia
- Banking supervision
- Not on the ECB's list of supervised entities as of 2026-07-01
- Trading venues (MIC)
- Operates MIC LSSI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
- Direct parent
- Lang & Schwarz Aktiengesellschaft · Germany5299000W5UY6SNDKTT52 ↗
The Lang & Schwarz Aktiengesellschaft group has 2 institutions in the directory, in 1 country: all hold a BIC.
Including Lang and Schwarz Aktiengesellschaft.
See the Lang & Schwarz Aktiengesellschaft group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- BREITE STRASSE 34 DUESSELDORF 40213 GERMANY
- Operational address
- BREITE STRASSE 34 DUESSELDORF 40213 DUESSELDORF GERMANY
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Debtor agent, creditor agent or an intermediary agent
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>LASDDED1XXX</BICFI>
<LEI>5299000TZ4OSOOGU1120</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>LASDDED1XXX</BICFI>
<LEI>5299000TZ4OSOOGU1120</LEI>
<Nm>LANG AND SCHWARZ TRADECENTER AG AND CO. KG</Nm>
<PstlAdr>
<TwnNm>DUESSELDORF</TwnNm>
<Ctry>DE</Ctry>
<AdrLine>BREITE STRASSE 34 DUESSELDORF 40213</AdrLine>
</PstlAdr>
</FinInstnId>This BIC is not connected to Swift. Messages reach the institution through a correspondent bank, so it cannot be the instructing or instructed agent.
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Market identifiers
One trading venue or reporting service run under this LEI list of 2026-09-17
| MIC | Market | Kind | Category |
|---|---|---|---|
| LSSI | LANG AND SCHWARZ TRADE CENTER | Operating MIC | Systematic internaliser |
Claim this profile
Work at Lang and Schwarz Tradecenter AG and CO. KG?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
- 01Submit Tell us who you are, using your work email.
- 02We verify We check the email domain and confirm your role with the bank. This usually takes up to five business days.
- 03Profile claimed The page is marked as claimed and verified. You can send us corrections at any time.
Claim received
Thank you. We will email your work address once the claim is verified. Until then, the page stays unclaimed.
The claim was not sent. Try again, or email contact@elucidate.co.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- ESMA interim MiCA register of crypto-asset service providers—European Securities and Markets Authority (ESMA) · register ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- European registers—Source: European Securities and Markets Authority (ESMA), MiFID II/MiFIR register (investment firms, trading venues, systematic internalisers, data reporting services providers). Matched on LEI by Elucidate.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: ls-tc.de (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
Book a demo