Novia has partnered with Winterflood Business Services to offer low-cost trading of exchange traded funds (ETFs) for clients using the platform.
Launching on 7 December, the new trading facility will allow clients to trade ETFs at a charge of 5bps and an annual custody charge of 2bps. There will be a discount trading charge of £1 for trades below £10,000, and a maximum charge capped at £150. The charges will also be aggregated to enable possible discounts for multiple trades occurring throughout the same day, and Novia said it had secured a discounted rate for trades made before 1 June 2016. The new facility will sit alongside Novia's existing trading technology, which enables ETFs to be held within model portfolios. This w...
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