Interactive Brokers, the US-based online investment platform, with operations in Europe and Asia has added two new European exchanges to its list of trading venues, with the addition of Nasdaq Copenhagen and the Prague Stock Exchange.
IBKR has made trading on Nasdaq Copenhagen and the Prague Stock Exchange available to its clients in over 200 countries. The two new trading venues join the existing list of more than 150 markets that the broker already offers access to.
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Nasdaq Copenhagen
Nasdaq Copenhagen (which was formerly the Danish Stock Exchange) is the principal market for Danish equities, and other securities, and is one of the Nasdaq Nordic trading venues.
Notable stocks listed on Nasdaq Copenhagen include jewellery chain Pandora, wind turbine manufacturer Vestas Wind Systems, Insulin maker Novo Nordisk and shipping line A.P. Møller – Mærsk.
Prague Stock Exchange
The Prague Stock Exchange was founded in 1871, the exchange trades the securities of local companies but also counts names like Heineken. Phillip Morris Skamska and Unilever amongst its listings.
Speaking about the addition of the new trading venues Milan Galik, Chief Executive Officer of Interactive Brokers said:
“Clients seeking to diversify and take advantage of new trading opportunities across geographies in Europe and around the world can now add Danish and Czech stocks to their portfolios while benefiting from Interactive Brokers’ low costs and the ability to trade products across asset classes from a single unified platform,”
And that:
“Adding Nasdaq Copenhagen and the Prague Stock Exchange reinforces our commitment to providing our clients with the greatest breadth of investment products.”
Denmark and the Czech Republic trading costs
Interactive Brokers will charge commissions on Danish stocks of between 0.015% – 0.05% of trade value, with a DKK 10.00 minimum ticket charge. Tiered pricing is available but is dependent on monthly trading volumes.
Fractional share trading is also available for stocks listed on Nasdaq Copenhagen some of which are highly priced. For example, A.P. Møller – Mærsk B shares trade at DKK 12,700 per share thats around £1450 a pop.
Meanwhile, there are fixed commissions on Czech stocks of 0.15% of the trade value, with a CZK 70 minimum ticket.
Clients will also be able to fund and trade their accounts in Danish krona and or Czech Crowns.
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