Just following your lead in terms of speed.
All ābugsā fixed!
Regarding JD / BABA / TCEHY / BIDU, Iāll let our stockbroker ops manager comment on any context about adding them.
(Iām personally eyeing those Tencent prices, tooā¦)
Just following your lead in terms of speed.
All ābugsā fixed!
Regarding JD / BABA / TCEHY / BIDU, Iāll let our stockbroker ops manager comment on any context about adding them.
(Iām personally eyeing those Tencent prices, tooā¦)
JD, BABA and BIDU all perfectly possible to add to the universe if there is sufficient demand. From very quick initial research (so donāt hold me to this) are all ADRs/ADSs of a Chinese parent and therefore not ISAāable (big ISA Eligibility blog post coming soon so no need to rehash here!).
TCEHY is a āfunnyā one in that it doesnāt appear to be accessible to us via our chosen US execution venue - this could simply be an oversight, however it looks (again, based on a few seconds of research) like we may be able to trade it on another exchange - primary listing seems to be ā700ā on Hong Kong. However, this would mean it wouldnāt be available when we go live with US stocks. Good news - it would therefore be ISAāable. Swings and roundabouts.
JD, BABA, BIDU and CTRP are not ISAāable because they are Cayman-listed VIE structures. Unlike most stocks where as an equity holder you have a claim in the companyās assets, you do not have the same rights in a VIE structure as you own a holding company. Jack Ma (founder of BABA) or Richard Liu (founder of BIDU) own different shares. Whilst you canāt own them in your ISA, a regular taxable portfolio is not an issue.
Tencent (700 or TCEHY) on the other hand is different and you own shares in the actual company. Pony Ma owns the same shares as other shareholders, including Naspers. 700 should be no issues when it comes to main exchanges, but I do know that TCEHY can be a bit funny (I remember I had to call a phone broker to trade that stock with HL).
Hello,
I would like to ask the Freetrade team: Do you have a mapped plan on when you will be implementing a full NASDAQ, NYSE, LSE & OTC trading? If you do not, can you give clarity on the main problems you face?
Thank you!
Hey Sam, weāre currently awaiting for the full roadmap to be released, hopefully this will contain some of the information youāre after
@rob_h are there any plans to add any Cannabis ETFs to the universe? E.g. ETFMG Alternative Harvest ETF
At present weāve not be overwhelmed with requests for ETFs such as this. As always weāll be guided by what our users want and if there is demand weāll certainly look into it. However, on quick inspection our US provider does not offer us the ability to trade ETFs such as the Alternative Harvest. As you know weāre kicking off with UK only stocks for now so if thereās a comparable on the UK market youāre interested in let me know.
As per the Paragraph 6(2) of The Misuse of Drugs Act 1971, Cannabis would constitute Class-B drug, cultivation of which is illegal in the UK.
That is why there is most likely not to be any
at the moment.
I was thinking of something more like the GW Pharma ADR. Iām not versed in all the alternative ways you could replicate some exposure. My point was merely - if you know of some, let me know.
Thanks Rob, Iāll do some research and see if thereās anything interesting on the UK side.
Why arenāt all stocks traded automatically in the universe? Not all FTSE 250 stocks are up there.
There seem to be an absence of AIM listed companies as well for the UK?
Will you also be looking at more exchanges?
Welcome! Good to have you on board.
Lots written on this subject previously so I wonāt rehash it all here.
Some of your questions answered here:
https://freetrade.io/blog/freetrades-stock-universe-at-roll-out-and-the-logic-behind-it/
Regarding more exchanges : yes, itās on the roadmap.
Thanks Rob for the quick reply. I quite like oil & gas but note mid tier players (Enquest, Faroe, Cairn, Premier etc) arenāt on them. I think AIM companies are interesting companies for growth as well so will be interesting if you guys can look into including those too.
No banks. Electronically polling a wide RSP (market maker) network via a gateway and settling in Crest. Various details on this spread throughout the blog. Blog post on mechanics of trade and settlement on there soon. Head on over there and take a read. Freetrade Blog
@rob_h really looking forward to these blog posts.
Do you envisage a point in which offering Direct Market Access makes sense, as a value add to Alpha for example?
The blog post regarding trade and settlement got a little out of hand. If I wrote something super nerdy Iād alienate a great chunk of Freetraders who (quite rightly) donāt care about the behind the scenes boring stuff. I approached it from a different angle. I was over caffeinated.
Regarding DMA - all options on the table. If the user base demands it, if we can make it cost efficient, if it genuinely adds something etcā¦etcā¦ Boring none committal answer, I know.
Make your case. Send Viktor a massive, detailed email. His inbox is empty. Heād love the work.
Is it actually empty? I thought he is the one who gets bombarded the most.
We would prefer some boring stuff to read if the other alternative is just one article on Medium a week! Just disclose everything you have and we could at least read something on Friday afternoon .