After twelve years of service, on-line securities trading via the
Brokerjet platform is being discontinued, due to low interest among active
investors. Overall, the Brokerjet platform did not deliver what was intended at
the outset, and it makes no financial sense to carry on with it.
In October, Brokerjet České spořitelny will send investors notices of
termination concerning their contracts, which will terminate on 30 November
2015. Clients will be able to enter their last buy orders via the Brokerjet
platform on 12 November 2015. As of 1 December 2015, it will no longer be
possible to enter orders for securities purchases and sales through the
platform. By that time, investors should either settle all of their securities
transactions and close their positions or transfer their portfolios, including
cash, to another trader.
In discontinuing the on-line trading service, Brokerjet České spořitelny is
responding to low interest among investors. “The low number of active investors
in the Czech Republic unfortunately did not justify the making of a sufficient
investment into the development of our own trading technology. Consequently, we
have decided not to develop it further and to discontinue our service,”
explains Libor Janoušek, Chairman of the Management Board of Brokerjet České
spořitelny. “We have decided to inform investors of the discontinuation as
early as possible, in order to give them sufficient time to choose a suitable
Investment products will continue to form an important part of Ceska
sporitelna’s offering. “We will offer interested Brokerjet clients a broad
range of investment products and services,” confirms Pavel Kráčmar, Director of
Retail Distribution of Ceska Sporitelna’s Investment Products and Services.
Ceska sporitelna will launch a new service on 1 November 2015, “CS Investment
Broker”. Investors who opt to use it can transfer their portfolios to Ceska
sporitelna and will then be able to give over-the-phone instructions for buying
or selling on stock markets or for buying Ceska sporitelna’s investment
products. The service is primarily designed to serve less active investors who
have thus far been trading via Brokerjet. To active investors, Brokerjet will
offer to transfer their securities portfolios to the modern SaxoTraderGo
platform managed by Saxo Bank.
For more details on the discontinuation of on-line trading via Brokerjet,
see the website new.brokerjet.cz. Services of Brokerjet Austria will also be
discontinued, more information here [new window].
For further information please contact the Press Centre of the Ceska
Sporitelna Financial Group (CSFG):