Investors Want To Choose Trade Types Themselves, So Shows New User Survey From The Copenhagen Stock Exchange

When it comes to securities trading, the users of the Exchange's website want to choose themselves whether to trade securities at a limit price, an average price, as an immediate transaction¹ or an on-exchange trade where the investor's order enters the trading system and moves into the market directly. This is one of the results from a survey among the CSE users.

Immediate transactions are still the most frequently used trade type, followed by on-exchange trading, which allows the investors to place an order on the market directly in the spread of the Exchange's trading system to achieve a better price. It appears that the CSE users in 2003 will still prefer immediate transactions as preferred trade type, but also that on-exchange trading will progress. In 2002, the typical user traded shares 2 - 5 times, and he expects to continue to do so this year.

Commenting on the survey president and CEO Hans-Ole Jochumsen said: "CSE users that trade shares through their netbank expect to use on-exchange trading to a much higher extent in 2003, and the CSE users that trade via personal service expect to use on-exchange trading somewhat more. We therefore observe that on-exchange trading is becoming more and more popular as the investors become familiar with the different trade types available on the Danish equity market. I consider this a positive trend."

Read more about the Exchange's user survey in Focus no. 41.The users of www.cse.dk: Who are they, and how do they invest?" on the Copenhagen Stock Exchange's website cse.dk.

¹ An immediate transaction means that you trade 'immediately' at an agreed price. The bank or broker will effect the trade via its own portfolio, and the trade is sure to be effected.