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Daiwa Securities' Frankfurt unit gets trading license

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Daiwa Securities' Frankfurt unit gets trading license

German financial regulator BaFin granted Daiwa Securities Group Inc.'s Frankfurt unit, Daiwa Capital Markets Deutschland GmbH, a securities trading license.

The license will enable the Japanese group to continue offering its full range of products and services to all European Economic Area counterparties after the U.K. departs the European Union, according to a Sept. 3 release.