Hi
On your recent videos, you recommended SPYL and CNDX. However I am having trouble finding the ticker on IBKR. Are they in USD denominated with these tickers as the ones I found are on Swiss or Germany exchange.
I wish to find a NASDAQ 100 ETF listed on LSSE and USD so that I don't need to have so many exchanges or platforms to watch them on. To save on tax instead of buying QQQ.Pls advise!
4 Answers
Hi Candy
In IBKR, the code is CSNDX (EBS). However, the order will be sent to the Swiss stock exchange which is more expensive, in term of fees. so you will need to key in the order via desktop app Trader Workstation or IBKR Desktop. Select CSNDX, then go to Order Entry and click Buy/Sell. Do not submit the order first because you will need to change the exchange under Advanced tab and change Destination to LSEETF and Submit the final order.
Hi Candy, for SPYL, IBKR default exchange is EBS too.
If you want to route it to LSE, then you do the steps as follows (I don't know how to put screen-shots here): 1. Select the ticker: SPYL (Assuming you have put this ticker in your watchlist. You will notice that it will show SPYL follow by smaller grey color font EBS. 2. Right click on the ticker (SPYL) and select BUY (or choose Trading Tools > Order Entry). A new "ORDER ENTRY" pop-up window will appear. 3. Select Buy checkbox (if you click Trading Tools > Order Entry). Else, this BUY checkbox will be automatically selected if you select BUY in step 1. 4. Amend the QTY which you wish to purchase (default depends on your settings. usually it's 100 if you did not change it). 5. Choose the LMT PRICE you wish to purchase. 6. Click the '+' besides "advanced", and a pop-up window will appear below the "ORDER ENTRY" window. 7. The "Destination" (top left) will show SMART (default and can be changed in settings too). Click the arrow down icon. 8. You will see a list and choose LSEETF. 9. Then choose "submit". That's what I did to buy SPYL via IBKR. The fees charged can be found from IBKR website: Commissions Stock Europe | Interactive Brokers Singapore Pte. Ltd. Go on the way down to the bottom of the page (United Kingdom) and click USD Denomiated (as SPYL is in USD). Hope that helps.
If you want to route it to LSE, then you do the steps as follows (I don't know how to put screen-shots here): 1. Select the ticker: SPYL (Assuming you have put this ticker in your watchlist. You will notice that it will show SPYL follow by smaller grey color font EBS. 2. Right click on the ticker (SPYL) and select BUY (or choose Trading Tools > Order Entry). A new "ORDER ENTRY" pop-up window will appear. 3. Select Buy checkbox (if you click Trading Tools > Order Entry). Else, this BUY checkbox will be automatically selected if you select BUY in step 1. 4. Amend the QTY which you wish to purchase (default depends on your settings. usually it's 100 if you did not change it). 5. Choose the LMT PRICE you wish to purchase. 6. Click the '+' besides "advanced", and a pop-up window will appear below the "ORDER ENTRY" window. 7. The "Destination" (top left) will show SMART (default and can be changed in settings too). Click the arrow down icon. 8. You will see a list and choose LSEETF. 9. Then choose "submit". That's what I did to buy SPYL via IBKR. The fees charged can be found from IBKR website: Commissions Stock Europe | Interactive Brokers Singapore Pte. Ltd. Go on the way down to the bottom of the page (United Kingdom) and click USD Denomiated (as SPYL is in USD). Hope that helps.
Can I do this (change to LSE) if I want to set up recurring investment? I can’t seem to find a way to do it.. thanks!
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