Aviva today announced that it has added contra trading functionality to its platform providing advisers and investors access to same day share trading.
Aviva today announced that it has added contra trading functionality to its platform providing advisers and investors access to same day share trading.
Contra trading allows the proceeds from a sale of listed securities to be used within minutes for purchases, without having to wait for the sale to fully settle. This functionality speeds up the re-investment process, giving financial advisers the ability to react to market movements more quickly and effectively. Not all platforms have this functionality, and Aviva believes its capability is amongst one the best in the market.
Aviva’s Andrew Barker, general manager – wealth management products, said: "Contra trading is just one of a number of things we’ve added to our shares offer to take it to the forefront of the platform market. As a result we’ve seen a rapid rise in share take up.
"Platforms without this capability can leave investors 'out of the market' for at least a day when switching shares, which in volatile markets can be costly. It’s automatic and easy, giving peace of mind to advisers as they know their clients won’t be out of the market."
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For more information:
Ariana Alvarenga
Public Relations
Phone: (03) 9829 8985
Mobile: 0409 187 487
Sue Voglis
Research & Public Relations Manager
Phone: (03) 9829 8057
Mobile: 0408 309 247
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