eToro to delist $NIFTY50 from its trading platform on November 30th. All open positions on that date will be forced close at the last available price.
The online broker eToro will soon be removing the $NIFTY50 index from its offering, making it no longer possible for clients to trade it on the eToro platform. eToro has offered a derivative of the $NIFTY50 index listed on the Singapore Exchange (SGX).
The NIFTY 50 is the benchmark index of the Indian stock market which represents the weighted average of the 50 largest companies in India that are listed on the National Stock Exchange. It is one of the two main stock indices used in India, the other one being BSE SENSEX.
While there is no fixed ETA for asset removal from SGX, $NIFTY50 will be removed from the eToro platform on November 30, 2022, as the broker does not receive a price for the asset from its liquidity providers. All positions open on that date will be closed at the last available price.
83 New Stocks and ETFs
In other news, eToro added 83 new stock and ETF trading instruments last month. eToro explains that the Zero Commission provision applies to all of these newly added stocks and ETFs. Zero commissions means no additional fees are charged or added to the raw market spreads on the client's stock & ETF positions.
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