I own stocks of Siemens Gamesa which I (foolishly) bought via the XETRA stock exchange instead of the more liquid Spanish Mercado Continuo. The stock has always received little attention and liquidity on XETRA, but some days ago it stopped getting new quotations altogether. The stock is still being traded on other exchanges, like the Spanish stock exchange, just not on XETRA. So I investigated the issue and found this removal notification from XETRA.
This leads me to the following questions:
- Why has this happened? It's not a complete delisting of the company (they are not going private), it is still being traded on other exchanges under the same ISIN. The category of the news entry containing MiFID II suggests that it is a regulatory issue.
- What should I do now and what can I reasonably expect from by broker? I don't intend to sell the stock at the moment, but I do want to be able to sell the stock quickly when the moment comes. And I don't want to miss any deadlines in case there is action required from my side. Can the stock be "moved" to a different exchange by my broker? Can they charge me a fee for that? My broker hadn't informed me about this beforehand.
Update: I am in Spain and the broker is a Spanish bank.