TORONTO, Feb. 2 /CNW/ - With just the touch of a button on their
BlackBerry® smartphone, exchange traded fund ("ETF") investors can now start a trade directly from Horizons Exchange
Traded Funds Inc.'s ("Horizons ETFs") and BetaPro Management Inc.'s ("BetaPro") information application using online brokerage firm Interactive
Brokers Canada Inc. ("Interactive Brokers").
In January of last year, Horizons ETFs, the exclusive distributor of the
Horizons BetaPro ETFs, became the first ETF provider in the world to
launch an App for BlackBerry® smartphones, and now it becomes the first
ETF provider to offer a link to a dealer's real-time trade execution
from a BlackBerry® App.
A "Trade Now With Your Dealer" button has been added to Horizons ETFs'
BlackBerry® App that will automatically allow investors with an
Interactive Brokers account to execute a trade on this broker's
platform in any of the 47 Horizons BetaPro ETFs. If users don't already
have an account with Interactive Brokers, they will be required to
register for one if they wish to use this trading feature, and can do
so by contacting Interactive Brokers at www.interactivebrokers.ca.
"ETFs can trade throughout the day, so providing investors the ability to
move from our BlackBerry® App to their brokerage account is a
straightforward way for mobile investors to capitalize on the
flexibility and convenience of ETF investing," said Howard Atkinson, President of Horizons ETFs. "We're pleased to provide this link to Interactive Brokers' services, as
they share our commitment to enhancing convenience and transparency for
In addition to the new trading feature, the Horizons ETFs' App allows
BlackBerry® smartphone users to track their holdings without being in
front of their computer. The software has been updated to work with the
latest generation touch screen BlackBerry® models such as the
BlackBerry® Storm and Torch.
This convenient, first-of-its-kind application features:
Mobile access to information about the Horizons BetaPro ETFs
Increased transparency with the ability to see current pricing (data
delayed by 15 minutes)
A mock portfolio to track selected Horizons BetaPro ETFs
Links to all press releases and media coverage of the Horizons BetaPro
About Interactive Brokers (www.interactivebrokers.ca)
Interactive Brokers Canada Inc. is a member of the Interactive Brokers
Group, a leading global electronic brokerage group with about $4.2
billion in equity capital. It provides its customers with direct,
high-speed access to trade Stocks, ETFs, Options, Futures, Forex and
Bonds around the world. The Interactive Brokers execution network
processes several hundred thousand orders per day. Interactive Brokers
Canada Inc. is a member of the Investment Industry Regulatory
Organization of Canada (IIROC) and Canadian Investor Protection Fund.
Trading of securities and derivatives may involve a high degree of risk
and investors should be prepared for the risk of losing their entire
investment and losing further amounts. Interactive Brokers Canada Inc.
is an execution-only dealer and does not provide investment advice or
recommendations regarding the purchase or sale of any securities or
About BetaPro Management Inc. (www.hbpetfs.com)
Horizons BetaPro exchange traded funds (the "Horizons BetaPro ETFs") are managed by BetaPro Management Inc., Canada's sole provider of
investment tools allowing investors to profit when the market is rising
or falling or to reduce their risk by hedging their existing market
exposure. The Horizons BetaPro ETFs offer several types of structures:
single, inverse, leveraged and spread ETFs. BetaPro is a subsidiary of
Jovian Capital Corporation (JOV:TSX) and currently has assets under
management of approximately $2.6 billion as of December 31, 2010,
amongst 47 ETFs.
SOURCE Horizons Exchange Traded Funds Inc.
For further information:
Howard Atkinson, President, BetaPro Management Inc. (416) 777-5167