TORONTO, Feb. 23, 2015 /CNW/ - The Board of Directors of Canadian Derivatives Clearing Corporation (CDCC) has approved the membership application of BBS Securities Inc. ("BBS"), BBS will participate on CDCC under broker ID #028
"Our new CDCC membership marks another achievement to the professional status of BBS Securities Inc. This will open new business opportunities by allowing us to improve and expand our full-range brokerage services in the Canadian market. Our services comprise of deep understanding of the online trading business and our clients' needs. We provide cost efficient services and an outstanding trade experience to our clients. We can accomplish this because we have developed extraordinary efficiencies within our organization that translates into a powerful combination of price and service," Kambiz Vatan-Abadi, Chief Operating Officer of BBS Securities Inc. / Virtual Brokers explained.
"Our mandate is to revolutionize the brokerage industry. Virtual Brokers has been selected by the Globe & Mail since 2012, as most innovative and top ranked online broker in Canada. Virtual Brokers is the first online broker to introduce retail trading stocks for as low as $0.01 per trade, Invest and Trade ETFs (Exchange Traded Funds) for free, Kick Start Investment program for students to invest and trade for free, free RESP investing for students, web-based Complex Option trading, giving clients the option to choose and switch their commission structure daily, and offer multiple trading platforms to serve full spectrum of investors to professional day traders," added Kambiz Vatan-Abadi.
About BBS Securities Inc. ("BBS")
Founded in 2008, BBS Securities Inc. ("BBS") and its online brokerage division Virtual Brokers ("VB") have completely revolutionized the online trading brokerage environment. Committed to assist their clients succeed, they consistently introduce new and unique products, services and deliver ultra-low cost pricing, and equip clients with trading platforms that offer a high level, reliable trading experience. Powered with innovative technologies and a deep understanding of financial markets, VB provides superior trade execution services to investors, traders and fund managers.
Virtual Brokers is a division of BBS Securities Inc. BBS is Canadian-owned and operated, and is registered in all provinces and territories of Canada as an Investment Dealer. BBS is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). BBS is also a participant of the Toronto Stock Exchange (TSX), the TSX Venture Exchange (TSX-V), the Canadian National Stock Exchange (CNSX), Alpha, Pure, Chi-X, Omega, Aequitas NEO and TriACT.
About Canadian Derivatives Clearing Corporation ("CDCC")
Canadian Derivatives Clearing Corporation (CDCC), a wholly-owned subsidiary of the Montréal Exchange (MX), acts as the central clearing counterparty for exchange-traded derivative products in Canada and for a growing range of customized financial instruments. CDCC's role is to ensure the integrity and stability of the markets that it supports.
SOURCE Virtual Brokers
For further information: Kambiz Vatan-Abadi, Chief Operating Officer, [email protected], 416-227-8151