ADP Wilco says Edward Jones Limited has gone live with new order placement functionality for principal processing on ADP Wilco’s retail stockbroking platform, Tarot.
This enables Edward Jones, an established user of Tarot, to offer its retail investors access to the international bond markets. Edward Jones can offer its inventory of corporate and government bonds to investment clients through its growing multi-branch network across the UK.
Through the Tarot order placement functionality, Edward Jones’ branch level investment representatives can purchase for their clients any amount of fixed income stock directly from Edward Jones’ central inventory. Clients are instantly notified of order completion.
“This is a successful model in the USA and has always been part of our strategy for the UK and Europe,” says Allan J. Anderson, Principal United Kingdom, Edward Jones Limited. “This is another example of how we can add value to our investment clients by extending our services.”
Amanda Fisher, ADP Wilco’s Product Manager for Tarot, said: “We’re very pleased to be supporting Edward Jones as they continue to introduce new investment initiatives to their clients.”