Trade Notice

KCM Trade™Stock CFD product #NVS Restricted Trading Announcement

September 20, 2023

Dear Clients,

As Novartis announced that it will spin off its generic drug business Sandos, affected by this, the company's stock CFD product #NVS is set to "can only be closed" from September 19 until further notice.At the time of the spin-off, shareholders will receive 1 Sandos share for every 5 Novartis shares held. However, since our company does not provide CFD products related to Sandos stocks, we will not implement this plan.We strongly recommend that you close your #NVS position before September 22, 2023. At that time, any open #NVS position will be automatically closed at the closing price on September 21.

Dedicated Customer Support Representative

Live Chat

Chat with our expert now!

Start a Chat
Reply to any query within 24 hours on business days
You'll receive a direct response from our experts
Our support is fast and convenient

Start trading now

In three simple steps!

Register a Live Account