Stockgroup Information Systems Inc. (OTCBB: SWEB, TSX-V: SWB) says that Credential Direct, a Stockgroup client since 2003, was recently named the top overall online brokerage in Canada. Surviscor’s Q2 2006 Online Discount Brokerage Review ranked Credential Direct number one in both the Overall and Investor categories.
“Credential Direct’s advantage is that they offer mainstream investors sophisticated features and functionality that border on trader platforms,” says a spokeswoman for Surviscor.
One of the key’s to Credential Direct’s rich functionality and ease of use is its portfolio management system, provided by Stockgroup.
Credential Direct received the highest scores for market intelligence, tools and education, and design and help for the Investor segment. The review cited market information as one of Credential Direct’s strengths. Stockgroup provides real-time market information and intelligence to Credential Direct in the form of stock, mutual fund, and option quotes, plus watchlist filtering and fundamental technical analysis. Credential Direct’s screening, alerting and selection tools are also part of the online solution from Stockgroup. In June, Stockgroup customized the design of its licensed financial applications to integrate seamlessly with Credential Direct’s new look.
“The Surviscor Review confirms that Credential Direct is a Top Tier online discount brokerage in Canada, regardless of whether you are a frequent trader or a longer term investor,” says Lothar Fabian, Vice President, Credential Direct. “Stockgroup understands our vision and we value our long-standing relationship with them. More than just delivering a full-service online solution for financial content and tools, our partnership with Stockgroup has helped us build and grow our online services to become a mainstream competitor in the online brokerage industry.”
“We congratulate Credential Direct on being named number one,” says Marcus New, President and CEO, Stockgroup. “Credential’s drive to give their investors feature-rich portfolio management and analysis tools led them to choose Stockgroup as their solution provider. We are pleased to have contributed to their success.”