BX Swiss AG / Key word(s): Alliance/Market launch
The Swiss stock exchange BX Swiss and the Geneva-based online bank FlowBank enable private investors to trade shares with zero commission. Both institutions have set themselves the goal of making securities trading easier and less expensive. A first step is the elimination of trading fees for Swiss shares.
The Swiss exchange BX Swiss welcomes FlowBank as a new trading partner. The online bank, headquartered in Geneva, was founded by Charles-Henri Sabet and holds a banking license issued by the Swiss Financial Market Supervisory Authority (FINMA) since summer 2020. Via the FlowBank app or the FlowBank Pro trading platform, FlowBank customers can manage securities digitally and trade cost-effectively via BX Swiss.
Both financial institutions pursue the goal of making securities trading simple, efficient, and cost-effective. In order to enable private investors to place smaller trading orders, attractive trading conditions therefore play a central role. Together, the two partners are making a special offer: Trading commissions for Swiss equities (CH-ISINs)* will be waived until further notice.
"With FlowBank, we are pleased to welcome a new strong, innovative partner on our side. This cooperation, enables us to cover the needs of active and interested private investors even better." says Lucas Bruggeman, CEO of BX Swiss AG.
“With this decision, we are providing both new and experienced investors a better value on their trades. It makes us particularly proud to be the first and only Swiss bank to offer zero commissions on Swiss stocks,” said Charles Henri Sabet Founder and CEO of FlowBank
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BX Swiss AG
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