Interactive Brokers Debuts Fractional Shares in Canada

Interactive Brokers Debuts Fractional Shares in Canada

Time Stamp: August 1, 2023 2:20 PM
Source Node: 2798404

Interactive Brokers has launched fractional share trading
for Canadian stocks and exchange-traded funds (ETFs). The online trading
platform has also launched fractional shares trading for selected US and
European stocks and ETFs.

According to a statement
by the company, the offering of fractional shares, which will be available on
all the stocks listed on the Toronto Stock Exchange and on CBOE Canada, will
enable investors to invest in stocks affordably. Besides that, investors can
allocate their investments to more stocks to achieve a
diversified portfolio.

Steve Sanders, the
Executive Vice President of Marketing and Product Development at Interactive Brokers, said: “Fractional shares trading continues to
be an easy and economical way for investors of any level to construct or add
to their portfolios. Fractional shares have been extremely popular for US and
European stocks and ETFs, and we are excited to broaden our offering to include
Canadian shares.”

In the Tuesday’s statement, Interactive Brokers outlined how fractional shares can be
traded on its platform. They can be traded using a
cash quantity order which allows users to place orders in a specific amount of
cash. Thus the fractional shares will automatically be bought or sold if the
cash amount is not equivalent to a whole number of shares.

Fractional Shares Trading

Interactive Broker’s
latest development comes when fractional shares trading is gaining momentum,
partly to attract young investors and enable investors to eliminate the
barriers in establishing a diversified investment portfolio.

Finance
Magnates reported last
month that Devexperts, the software solutions provider targeting brokers and
financial institutions, had
partnered with
DriveWealth to allow users to trade or hold small fractions of shares worth as
little as a dollar. DriveWealth focuses on micro-shares and fractional
liquidity .

On top of that, about a
week ago, Interactive Brokers expanded
its overnight trading services to
include 10,000 stocks and exchange-traded funds (ETFs) listed in the US. The
new services enable traders on the exchange to access a broad range of equities for nearly 24 hours a day and five days a week.

Meta to launch ‘Personas’ AI bots; Conotoxia shows new feature; read today’s news nuggets.

Interactive Brokers has launched fractional share trading
for Canadian stocks and exchange-traded funds (ETFs). The online trading
platform has also launched fractional shares trading for selected US and
European stocks and ETFs.

According to a statement
by the company, the offering of fractional shares, which will be available on
all the stocks listed on the Toronto Stock Exchange and on CBOE Canada, will
enable investors to invest in stocks affordably. Besides that, investors can
allocate their investments to more stocks to achieve a
diversified portfolio.

Steve Sanders, the
Executive Vice President of Marketing and Product Development at Interactive Brokers, said: “Fractional shares trading continues to
be an easy and economical way for investors of any level to construct or add
to their portfolios. Fractional shares have been extremely popular for US and
European stocks and ETFs, and we are excited to broaden our offering to include
Canadian shares.”

In the Tuesday’s statement, Interactive Brokers outlined how fractional shares can be
traded on its platform. They can be traded using a
cash quantity order which allows users to place orders in a specific amount of
cash. Thus the fractional shares will automatically be bought or sold if the
cash amount is not equivalent to a whole number of shares.

Fractional Shares Trading

Interactive Broker’s
latest development comes when fractional shares trading is gaining momentum,
partly to attract young investors and enable investors to eliminate the
barriers in establishing a diversified investment portfolio.

Finance
Magnates reported last
month that Devexperts, the software solutions provider targeting brokers and
financial institutions, had
partnered with
DriveWealth to allow users to trade or hold small fractions of shares worth as
little as a dollar. DriveWealth focuses on micro-shares and fractional
liquidity .

On top of that, about a
week ago, Interactive Brokers expanded
its overnight trading services to
include 10,000 stocks and exchange-traded funds (ETFs) listed in the US. The
new services enable traders on the exchange to access a broad range of equities for nearly 24 hours a day and five days a week.

Meta to launch ‘Personas’ AI bots; Conotoxia shows new feature; read today’s news nuggets.

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