From 15 November 2011 Hungarian investors can invest in the most popular and
liquid European equities in a simpler, faster and more convenient manner than
ever before. The continuity and liquidity of trading in foreign equities is ensured
by official market makers; this way investors may always find bid and ask quotes
on the market at adequate prices. Trading is conducted in Hungarian forints, so
there is no need to deal with currency conversion. Foreign securities tradable
on the BETa Market are identical to the original equities of the issuer companies.
Thus investors are not only entitled to the dividends due but can also easily
sell their investment on foreign exchanges.
Wide product range and liquidity at easy reach:
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The BETa Market offers the most liquid equities of the largest, mainly European
companies for trading. As a result, investors can choose from a wider range of
products.
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Equities bought on the BETa Market are identical in every way to those traded
on foreign markets. Thus if an investor buys a security on the BETa Market, he/she
can easily sell it on a foreign exchange, and vice versa.
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Liquidity and narrow spreads of the foreign equities are ensured by market makers.
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Foreign equities are traded on the BETa Market in Hungarian forints, so there
is no need for currency conversion.
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Investors may easily obtain the dividends due after the foreign equities they
possess, in the same way as in the case of Hungarian equities.
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Investors can trade on the BETa Market under familiar conditions, since trading
hours and periods, as well as order types and their expiry are identical to those
applied in BSE’s Equities Section.
Purchase of foreign equities at favourable fees:
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There is no need to open a new securities account, which means a saving in time
and money for investors. Transactions can be concluded on the accounts used for
domestic equities, so investors do not have to face any additional account management
fees.
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Due to the favourable fees applied on the BETa Market, Hungarian investors can
conclude transactions in foreign equities at a lower cost than in the case of
trading directly on foreign markets.
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Subscribers to real-time trading data on BSE’s equity market receive real-time
BETa Market data automatically, with no additional cost.
Secure foreign investment from your armchair:
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Just like in the case of BSE’s Equities Section, the clearing and settlement
of the transactions executed on the BETa Market is done by KELER Ltd., and KELER
CCP Ltd. guarantees the transactions.
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The protection of investors is guaranteed by the membership of the investment
service providers in the Investor Protection Fund.
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The BETa Market operates with the permission and under the supervision of the
Hungarian Financial Supervisory Authority, which also covers the related activity
of the investment service providers.
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Capital gains attained on the BETa Market are subject to the same tax rates as
those attained on BSE’s equity market.
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All information related to trading on the BETa Market will be available on the
BSE website.
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Thanks to the simplified security registry process, practically all equities
already listed in any regulated market of the European Union can easily be introduced
to BETa Market trading.
