Freedom Finance Global PLC grants access to all clients to make transactions on the international ITS facility through the Tradernet trade platform.
Let us remind you that the company earlier reported this news on October 6: https://ffin.kz/news/30618-freedom-broker-predostavit-dostup-k-torgam-na-its-vsem-klientam
Clients can invest to more than 1,600 popular American securities with the primary listings on the New York stock exchanges – NYSE and NASDAQ.
What will be changed in trading processes
Gradual changes of tickers in clients’ portfolios: trade tickers will be changed in Tradenet tools. For example, the CROX.US ticker will be replaced with CROX.ITS. This will have an effect on the search of securities only, i. e. you’ll have to find. ITS tickers but not .US.
Advantages of tools transfer to the new facility
● Extended trade hours: transactions will be available from 11 a.m. to 3 a.m. Astana time on the ITS facility.
● Trading days: from Monday to Friday.
● Investors will be able to trade American securities during daylight hours when stock exchanges in the USA are closed.
●The population’s interest in stock exchange trading can increase.
Moreover, the time of trading start can vary depending on different ITS tools. See details here:
When American stock exchanges are closed, high-quality quoting and securities availability will be ensured by market makers, ITS trade participants, and their clients.
Starting from the opening of the American pre-market, best execution, which means the best execution principle will come in effect on the ITS. When an investor issues an application, for example, to purchase shares, the ITS trade system will search the best conditions for its execution (price and scope). The ITS will compare own conditions and available applications on international facilities (NYSE, NASDAQ, etc.). Finally, the application will be executed on the best possible conditions at that moment.
● Fee reduction: Freedom Broker’s clients will not pay a mandatory fee of $1.2 per trade order for securities on the ITS.
For reference
ITS is an international availability hub. The facility grants access to investors in Kazakhstan and other countries to thousands of investment products on the global financial market. ITS trades propose shares and depository receipts of companies in the USA, Europe and Asia with the primary listing on stock exchanges of the USA.
The facility ensures the deep availability of securities traded due to the best execution principle based business model and the smart order routing technique that allow trading securities on the ITS at the best prices of the global financial market and in any scopes.
The ITS was created to carry activities in accordance with the laws and under control of the AIFC (Astana International Financial Centre) that issued the license to the trading facility for operating a Multilateral Trading Facility, MTF).
