Fidelity Clearing expands offering

Fidelity Clearing Canada has implemented a syndication processing platform and will provide brokers with access to market research tools via Streetscape, the broker workstation of its corporate parent, National Financial.

As part of Fidelity Clearing Canada’s new market research tool Streetscape, clients can now access coverage and analysis on 435 Canadian companies by leading research firms including Ford Research, Thomson Reuters and Stifel Nicolaus.

The syndication processing system adds functional efficiencies and streamlines ticketing and reporting capabilities for broker-dealer clients, as well as provide their investment advisors with a tool that will allow them to better manage their client expressions of interest for new issue product.

“These new enhancements will play a significant role in helping our clients augment broker recruiting as well as drive cost and operational efficiencies,” said William (Bill) Henderson, CEO of Fidelity Clearing Canada. “This also reflects a commitment to continually improve the overall client experience by investing in the technology and resources that will help broker-dealers continue to deliver the best products and services to their investor clients.”

At the same time, Fidelity Clearing announced two new broker-dealer clients—Trapeze Asset Management and Versant Partners—have switched to their platform. This brings Fidelity Clearing Canada’s client roster to 12 firms.

Under the new agreements, Fidelity Clearing Canada will provide Trapeze and Versant with comprehensive back-office support, such as securities execution and clearing.

“We are proud to be working with a clearing firm that has demonstrated a commitment to servicing the IIROC community with progressive technologies,” said Randall Abramson, CEO of Trapeze. “The new relationship with Fidelity Clearing Canada affords us real-time systems, correspondent-level customization and a host of new services that we expect will enhance the satisfaction and experience of our clients.”

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The staff of Advisor.ca have been covering news for financial advisors since 1998.