Close Brothers Seydler UK, a division of Winterflood Securities Limited, acts as an introductory broker for its affiliate Close Brothers Seydler Bank AG and other counterparties. The company provides Research Sales and Sales Trading services to mostly UK-based clients in German small and mid-cap equities. Close Brothers Seydler UK is authorised and regulated by the Financial Services Authority (FSA).

Close Brothers Seydler Research AG was founded in 2007 as a subsiduary of Close Brothers Seydler Bank AG to provide expertise in individual equity and market research across different sectors with focus on small & mid cap stocks. Our analysts have collected many years of experience in their respective sectors which is mirrored in detailed company reports and updates.

Hudson Securities, Inc. acts as an introductory broker for Close Brothers Seydler Bank AG and other counterparties. Hudson is a leading independent trading firm dedicated to meeting liquidity needs of clients: institutions, hedge funds, asset managers, and broker dealers, by providing execution solutions and making markets in over 15,000 U.S. and foreign securities and ADRs. As a registered broker-dealer under the Securities Exchange Act of 1934, Hudson Securities, Inc. is a member of the Financial Industry Regulatory Authority ("FINRA") and has been in business since 1984. Hudson Securities is a subsidiary, along with Hudson Technologies, Inc., of Hudson Holding Corporation, a publicly traded company on the OTC Bulletin Board under the symbol "HDHL".

As an independent consulting firm for investment banking products and structured financial transactions VICTONIA's advisory service is available exclusively for institutional clients and is complementary to that offered by traditional investment and universal banks.

The business model of VICTONIA is based on professional experience of many years with a variety of well-known investment banks and an extensive knowledge in creating, structuring and executing complex capital markets products.

In case VICTONIA provides investment services (investment broking / contract broking) this is done as affiliated agent for the account and under the liability of Close Brothers Seydler Bank AG in accordance with Sec. 2 (10) KWG ("Kreditwesengesetz", German Banking Act)