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Oasis wrap launches new online direct share trading facility
ING Australia’s wholesale administration wrap platform, Oasis Asset Management, has launched a new online direct share trading facility that ING says offers real-time trading and web-based corporate action election and processing management.
The upgrade will provide superannuation and pension investors with access to more than 200 ASX securities and exchange traded funds (ETFs), ING said.
ING’s head of superannuation and investment platforms, Mark Pankhurst said the service was built upon a broad choice of investment solutions, individual control and ease of use.
The cornerstone of the share trading service is the individual Holder Identification Number (HIN) structure, which means Oasis will maintain a separate HIN for each individual client, allowing advisers to maintain control of their clients’ share holdings, Pankhurst said.
Individual investors will have entitlement to full corporate actions in both superannuation and investment products on the platform, he added.
Accessed through Oasis’ e-commerce platform MoneyOne Online, trading is actioned through Oasis’ default online broker, Core Equity Services (CES), or by trading off-line with any of six supporting panel brokers, according to ING.
AUTHOR
Mike Taylor
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