Jiway provides an unparalleled proposition for on-line and traditional brokers and their private investor customers. Jiway is the only market place in the world that focuses solely on the unique needs of retail investors, and it seeks to make cross-border trading as easy and accessible as domestic trading by offering brokers: Potential increase in revenues: through offering a wider portfolio of shares to customers - up to 6,000 equities from Jiway - without incurring a proportional increase in infrastructure costs; Substantial reduction in costs: no other Exchange or ECN can compare in price structure. Brokers will pay one flat fee of just ?7 per order for trading, clearing and settlement of cross-border trades. There will be no annual membership or other fixed charges; Global safekeeping: Brokers will be offered the option of safekeeping their securities with Jiway - they will no longer be subject to high custodial charges; Guaranteed liquidity: Brokers will have access to the largest pool of liquidity for on-line trading in Europe through Jiway's unique arrangement of Designated Market Makers who are among the best-known players in each of the local markets; Front to Back Integration: Jiway's one-stop shopping ensures that brokers will no longer have to deal with the complexities associated with traditional systems requiring them to maintain multiple memberships, clearing and systems infrastructures.
Per Swensson, CEO of Jiway, said, "There is huge potential growth in the private investor market for cross-border equity trading. Jiway's solution for brokers and their customers is the catalyst that will help stimulate this latent growth, and simultaneously encourage the development of internet brokerage.
"This is yet another important milestone for Jiway; yet another collective endorsement of the Jiway solution. By signing Letters of Intent, the brokers are sharing our vision and confidence in the future of retail cross border trading. This is just the beginning: we are, of course, in discussions with other firms who also support the Jiway vision.
"Our philosophy is clear: the exchange will provide the broadest array of cross-border trading services for brokers and retail investors, at the lowest prices ever. Jiway is clearly paving the way for the average private investor to be able to trade a diverse range of global stocks".
