Qtrade Financial Group Signs With ADP for Real-Time Brokerage Services Platform
NEW YORK, New York -- January 22, 2007 -- ADP Brokerage Canada, a division of Automatic Data Processing's Brokerage Services Group, announced today that the Qtrade Financial Group has signed a multi-year contract to use the ADP Dataphile platform for its retail brokerage services.
The Qtrade Financial Group continues to experience significant growth in the Canadian wealth management market while leading the industry in customer satisfaction and service. To ensure continued success, the Qtrade Financial Group required a platform that can respond quickly to an ever-changing market and scale efficiently across multiple business divisions like its online brokerage division Qtrade Investor, ranked as the Number 1 Online Brokerage in Canada, and Qtrade Advisor, its full-service brokerage division.
ADP Dataphile offers a real-time integrated full-service platform that will enable Qtrade to grow both its full-service advisor and online brokerage divisions and further differentiate itself in an increasingly competitive marketplace. By leveraging ADP Dataphile's innovative technology, the Qtrade Financial Group will now have the ability to service its customers via a full-service, real-time integrated platform that is a comprehensive front, middle, and back office solution.
"At Qtrade, we will continue to distinguish ourselves in the Canadian market by providing our financial institution partners, advisors and customers with a comprehensive product and service offering for all of their investment needs. The ADP Dataphile brokerage solution will give us the ability to easily integrate our front, middle, and back office operations, enhancing our ability to respond to our customer needs with continued industry leading service," said Andy Quinn, Vice President, Operations, Qtrade Financial Group.
"ADP and the Qtrade Financial Group have a shared commitment to continued growth and matchless client service. ADP welcomes the opportunity to support Qtrade's growing presence in the Canadian and international marketplace via our Dataphile full-service brokerage solution," noted Michael Dignam, Senior Vice President and General Manager, ADP Brokerage, Canada.
About ADP Brokerage Services Group
As the premier provider of transaction services to the financial industry, ADP has the capacity and technological expertise to assist its clients in differentiating themselves in the marketplace. ADP brings to financial intermediaries advanced, integrated systems for securities processing, desktop productivity and investor communication services, all focused on providing solutions for straight through processing and World Class Service.
ADP, with nearly $9.0 billion in revenues and more than 570,000 clients worldwide, is one of the largest providers of a broad range of premier, mission-critical, cost-effective transaction processing and information-based business solutions. For more information about ADP Brokerage Services Group, please visit www.bsg.adp.com and for other ADP services and investor information, please visitwww.adp.com.
About the Qtrade Financial Group
Headquartered in Vancouver, BC, the Qtrade Financial Group provides a complete spectrum of wealth management services to Canada's leading regional and independent financial services organizations. Delivering full service securities, mutual fund dealer and investment management solutions, the Qtrade Financial Group is also the parent company of Qtrade Investor -- Canada's leading independent online brokerage, ranked Canada's top online broker by the Globe and Mail. The Qtrade Financial Group currently serves an ever-growing roster of over 180 financial institutions, representing the primary financial services relationship of over 5 million Canadians, 1200 bank branches, and over $100 billion in assets.
Qtrade Investor and Qtrade Advisor are divisions of Qtrade Securities Inc. -- member, IIROC and CIPF.