Online brokerage Fimatex is to launch a self-select Isa this summer, with a fund supermarket to foll...
Online brokerage Fimatex is to launch a self-select Isa this summer, with a fund supermarket to follow later in the year, writes James Phillips in e-fs magazine.
The broker, 75% owned by Société Générale, already offers a range of Sicavs via its French website but plans to make a range of unit trusts available to the UK consumer.
Anthony Easton, marketing manager, Fimatex UK, commented: "The next key thing this year is the online self-select Isa. There is going to be a quantum leap this summer, but the Isa will be first."
In the meantime, Fimatex's Global Trading System product will be launched in the UK this May, enabling real-time price feeds for domestic equities and deal execution for online traders, rather than the price snapshots offered by many browser-based systems.
"The Global Trading System is a windows-based application allowing clients to see streaming data in real-time and will probably be offered free as an application to customers trading at certain levels," Easton explained.
Clients install the application onto their PC via a CD-Rom, which will be given out in welcome packs to customers. The system is already used by Fimatex's French operation.
It will initially support trades in UK equities, with the two main US markets expected to be added in the summer.
This article first appeared in efs magazine.
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