Fungibility of stocks in Europe???Newbie stock question

Discussion in 'Stocks' started by TraDaToR, Nov 1, 2007.

  1. TraDaToR



    I would like to know if european stocks are fungible across French, german, english and swiss exchanges.

    Can I enter for example on Euronext and exit on Deutsche Borse since it's in the same currency? What about when it is in a different currency( swiss and english exchanges)?

    Otherwise, are the fungible exchanges those that are subject to smart routing on IB?

    Thanks a lot for your help.
  2. just21


    Until MFid directive from EU a lot of european exchanges had monopolies. What security are you looking at?
  3. TraDaToR


    For example, there is a lot of the CAC40 stocks( Euronext ) that are also listed on Frankfurt, Stuttgart and Zurich Exchanges. I know they are fungible between the german and swiss exchanges( smart routing ) but are they fungible with euronext?

    Thanks a lot.
  4. TraDaToR


    For those wondering, stocks are not fungible between euro exchanges. They are fungible across different german exchange but not across german and french exchanges.