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13.07.2015

End of On-line Trading Via Brokerjet

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 new trader.”

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):

Kristýna Havligerová
CS Press Officer
Email: tiskove_centrum@csas.cz
 


PDF verze tiskové zprávy [new window]





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