Lays foundation to become first Discount Brokerage to offer PTFs™
TORONTO, July 4, 2016 /CNW/ - BBS Securities has announced that they have signed up to offer Aequitas PTF Connect™, the fund technology platform from Aequitas Technology Services Inc. (Aequitas Connect). In addition to bolstering BBS Securities' Portfolio Management business (ICPM), as an early adopter of PTF Connect, this move lays the foundation for Virtual Brokers, the Discount Brokerage arm of BBS Securities, to ultimately become the first Discount Brokerage to offer PTFs.
Aequitas PTF Connect is an industry shared service available to mutual fund companies and dealers in Canada, enabling PTF mutual fund orders to be entered and settled like exchange traded funds. Investment advisors simply enter the unique ticker symbol and number of units they wish to order through their existing infrastructure.
"Once again we pride ourselves on the merit of finding ways to add value to our full service clients and this is a big step towards providing better options and services for them. We hope this is recognized as we ultimately work towards making PTFs also available to clients of Virtual Brokers." said Kambiz Vatan-Abadi, Chief Operating Officer of BBS Securities Inc. and Virtual Brokers.
"We are very pleased to have onboarded BBS Securities on Aequitas PTF Connect," said Karl Ottywill, Chief Operating Officer, Aequitas Technology Services Inc. "BBS is once again is demonstrating its leadership and innovative nature in moving quickly to deliver a streamlined, low-cost solution to their investment advisors and their clients."
View Virtual Brokers' Teaser page www.virtualbrokers.com/en-us/platform-traded-funds.
About BBS Securities
BBS Securities Inc. * ("BBS") and Virtual Brokers ("VB"). Founded in 2008, BBS and VB have completely revolutionized the online trading brokerage environment. Committed to helping their clients succeed, they consistently introduced new and unique products, delivered effective tools at a competitive cost, and equipped 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 investment counsellor portfolio managers.
Virtual Brokers ("VB") is a division of BBS Securities Inc. ("BBS"). 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), TSX-Alpha Exchange, Aequitas Neo Exchange, Nasdaq CXC & CX2, The Canadian Securities Exchange (CSE), and Omega. For more information, please visit www.virtualbrokers.com
Member of Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund.
* Member of IIROC and CIPF.
Virtual Brokers is Canada's Best Ranked Online Broker, The Globe and Mail 17th Annual Rankings, Rob Carrick, December 4, 2015.
About Aequitas Technology Services Inc.
Aequitas Technology Services Inc. (Aequitas Connect) is the innovation hub of its parent, Aequitas Innovations Inc. (Aequitas Innovations). Aequitas Connect has built Aequitas PTF Connect and is also developing a pioneering new approach to market data. Aequitas Innovations is a company founded by a diverse group of prominent investors representative of all Canadian capital market stakeholders. For more information, please visit: www.aequitasinnovations.com.
Aequitas PTF Connect™ and all associated trademarks are trademarks of Aequitas Innovations Inc., used under licence.
SOURCE Virtual Brokers
For further information: Kambiz Vatanabadi, Chief Operating Officer, [email protected], 1-877-310-1088; Media Contact: Rishika Jha, Manager, Public Relations & Communications, E: [email protected], P: 647-998-7984