Boost launches commission-free trading of ETPs for II customers
Customers of Interactive Investor (II) will now be able to trade Boost’s exchange-traded products (ETPs) for free until 31 March 2014.
II customers normally pay up to GBP10 per trade.
II, a UK community for traders and investors, provides execution-only products and services which enables its site users to trade and invest directly from the site. Its independent tools and information helps investors identify the best companies and products to invest in.
Boost believes that a free trading promotion will help educate active and sophisticated traders as to the benefits of S&L ETPs. Alongside the free trading offer, Boost and II will provide educational materials including videos, fact sheets and other useful tools.
Mike McCudden, head of advanced products from Interactive Investor, says: “We believe that with the increasing popularity of ETPs the Boost range of products offers savvy investors the opportunity to hedge or speculate, using leverage where appropriate, on intra-day price movements without exposing themselves through the riskier range of instruments such as CFDs or Traded Options. As an execution only broker we fundamentally believe in leading with education and are delighted that one of the leading lights in the industry is onboard to help our clients better understand how to get the best out of these products.”
Hector McNeil, co-chief executive of Boost, says: “At Boost we believe in innovation and by being the first ETP Issuer to offer a free of trading commission facility with a market leading UK execution only broker such as Interactive Investor, we believe we are setting the agenda in the UK market. Education is the key to continuing the spectacular growth of ETPs to all customer groups. Alongside II we will provide some of the most comprehensive investor educational tools available. This will involve generic ETF and ETP education and specific education on S&L ETPs.
“We hope that Interactive Investor customers will embrace this offer and see the advantages of Boost range and add S&L ETPs to their investment tool box.”
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