NAB beefs up online trading platform
(19 December 2005 – Australia) National Australia Bank’s Online Trading division has enhanced its online trading platform to deliver greater flexibility and a broader range of services for customers.
National OnLine Trading (NOLT) general manager, Paul Maddock, said an increasing number of NAB customers were managing a portion of their investments through online trading.
"We want to have an integrated offer to make it easy for them to take care of their finances in the one place," he said.
"In October 2005 we entered into an agreement with IWL Limited for the provision of broking services for a period of five years. A focal point of this new agreement was to undertake a major upgrade to the NOLT trading platform to deliver market competitive features to our customers," Maddock said.
He said the bank wanted to increase its market share in online trading.
The enhanced service means traders using the NOLT platform will be able to exchange traded options, in addition to Shares and Warrants, and allow them to buy or sell an underlying share at a particular price on or before a specific date.
Traders will be able to access three information service levels – Casual, Premium or Professional, which will give them different levels of market research and account management service.
NAB customers will also receive SMS alerts on market updates and transaction confirmations.
"We want to have an integrated offer to make it easy for them to take care of their finances in the one place," he said.
"In October 2005 we entered into an agreement with IWL Limited for the provision of broking services for a period of five years. A focal point of this new agreement was to undertake a major upgrade to the NOLT trading platform to deliver market competitive features to our customers," Maddock said.
He said the bank wanted to increase its market share in online trading.
The enhanced service means traders using the NOLT platform will be able to exchange traded options, in addition to Shares and Warrants, and allow them to buy or sell an underlying share at a particular price on or before a specific date.
Traders will be able to access three information service levels – Casual, Premium or Professional, which will give them different levels of market research and account management service.
NAB customers will also receive SMS alerts on market updates and transaction confirmations.
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