Eliminating commission is the first step to making securities trading easier and less expensive for private traders, according to BX Swiss and Flowbank.
The Swiss stock exchange BX Swiss and Swiss online bank Flowbank, are doing away with trading fees for Swiss shares, the two parties announced in an emailed statement Monday.
Commission will be waived for private investors until further notice, the statement added.
Swiss Stocks
«This cooperation enables us to cover the needs of active and interested private investors even better,» Lucas Bruggeman, CEO of BX Swiss AG said, while Charles Henri Sabet founder and CEO of Flowbank said that the offer made the Geneva-based online bank «the first and only Swiss bank to offer zero commissions on Swiss stocks».
BX Swiss is based in Zurich. The specialized trading platform for SMEs is part of the international Stuttgart Stock Exchange Group.
