Sweden’s second-largest bank is offering investors the chance to buy stocks in Sweden’s largest eCommerce platform, ecommerce stockholm.
The stock exchange, which has a market capitalization of approximately 1 trillion Swedish kronor ($1.25 billion), will be launching an introductory offer for those interested in the new service on December 14, 2018, the Swedish Stock Exchange announced.
Stockholm will launch its new service and trading platform in partnership with Swedish banks SEB, VISA and ICAP.
It will enable investors to buy and sell Swedish stocks in the market via an online trading platform that is accessible by a mobile app.
In an eCommerce strategy to boost its reputation, Swedish banks are also offering a new service that will make it easy for individuals and small businesses to invest and sell in Swedish stocks.
Swedish banks SEBs, VIBs and IFs are now offering the service to the public for free.
With the new platform, Swedish investors can buy Swedish stocks with cash and sell them at a low cost.
If they wish to use the money for a short-term investment or a long-term loan, they will be able to do so with the help of a broker.
For those interested, the brokerage is also offering an online brokerage tool.
Once the brokerage opens, it will allow users to buy or sell Swedish shares using their mobile phones, the platform announced on its Facebook page.
This is a very important step in the journey of the Swedish financial services sector, which is already facing many challenges.
While the company is offering the option to purchase and sell stock in the Swedish market, its new platform is only a partial solution to Swedish consumers’ problems.
The platform is limited to individuals and businesses.