Visual Trader, a Bolsas y Mercados Espaoles (BME) company, and Allfunds Bank, have signed an agreement that will permit Allfunds to broaden its offering to institutional clients by providing them with access to the world’s major markets through Visual Trader.
All this will be part of an integral fund service with no costs for its clients, who will be able to choose practically any broker in the world. Visual Trader is a stock market access platform and Allfunds Bank is a fund distribution and advice platform, each of which have 180 and 215 financial firms as clients respectively.
Through the connection Allfunds’ clients will have access to a wide range of financial assets. A key capability of Allfunds is that it will be able to offer its clients complete and integrated reporting not only of funds, but also of other assets. The main feature of this reporting facility is that it will make available the information on the underlying assets that make up the portfolio while making it possible to combine this information with the rest of invested assets, in this way offering a comprehensive and innovative management tool.
In addition to this, Allfunds incorporates another interesting capability into its management tool: the possibility of using a tool for changing the composition of a portfolio that includes funds and other financial assets. The purchase and sale orders resulting from these changes are sent out to the markets for execution without the need for human intervention, thanks to the connection to Visual Trader.
“This new service will not be in competition with any of our clients as Allfunds is not and does not intend to become a member of any of the Spanish or foreign stock markets. It is exceptional in that it increases transparency by enriching client information and it boosts operational capabilities without altering in any way the habitual way our clients gain access to the markets. And all this without extra costs”, says Luis de Ussia, sales manager, Allfunds.
“Visual Trader is the natural partner of Allfunds, as it combines its neutrality as a BME company with its proven experience in order execution for the main national and international brokerages. It is the platform that gives access to over 40 markets and international routing networks, with connections to hundreds of firms and brokers worldwide”, says Jos Parga, managing director, Visual Trader.
L.D.