Forge Global, a private market trading platform backed by Deutsche Boerse has expanded its operations to Europe.

The launch has been inspired by the rising number of unicorns in Europe and the UK as well as a growing number of international buyers and sellers trading on the platform, which has doubled as a proportion of total trading over the last seven years, from 13% to 26%.

Forge has set up two operational hubs for the European operation – one in London and another in Berlin, which will be integrated within Deutsche Boerse’s network.

The first trades with local partners have been completed and there are plans to expand the networks into France, Austria and Switzerland.

“We are confident that we have the right team, at the right time, to accelerate access to this asset class in Europe,” said Kelly Rodriques, Forge Global CEO.

“With the maturing European tech ecosystem and the continued growth of investment in private companies over the past decade it has become clear to us that there is a need for an efficient, data driven and technology-enabled marketplace for the trading of private company shares in Europe,” said Eric Leupold, head of cash markets at Deutsche Boerse.

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