Hi ladies and gents
Over the past couple of years I have built a position on Interactive Brokers buying the iShares Core S&P 500 UCITS ETF (CSPX). IB lets you buy the USD one traded on London Stock Exchange. Until now all good.
To simplify my finances I would like to transfer to CSPX position to another broker. The receiving broker has low fees on Euronext but is prohibitively expensive to trade on LSE.
Do you know if the receiving Broker has any idea of the currency and where I bought the position, and will let me trade CSPX on Euronext AMS or they may argue that it was purchased in LSE in USD and has to still be traded there after the transfer?