Considerable care has been taken to make certain that the information presented in this publication is accurate and representative of the facts as they really are. Readers are advised to consult specialists on the actual situation.
Having decided to invest in securities that are listed on the ESE, investors must then choose a stockbroker.
A stockbroker is an ESE member firm and is licensed by the FSRA to buy and sell securities on the ESE on behalf of investors.
In order to open an account with a stockbroker you will be required to produce the below:
The ESE trades on business days Monday to Friday excluding public holidays. Trading occurs all day from 8am until 4pm.
A securities account is an account opened by an investor through a Depository Participant (Stockbrokers, Transfer Secretaries, Banks or Custodians) in the CSD System. The account holds all the securities owned or held by an investor.
The “T+3” trading system is the three-day process required for a transaction involving shares to settle. Literally translated, it stands for “Transaction + 3 Business days”. In the case of debt securities, “T+0” is the trading system. In other words, the transaction settles on the same day as it takes place.
You can lodge a complaint with the ESE. The ESE is empowered by the Securities Act and the Listings Requirements to ensure that the interests of investors are adequately protected.