Bank of Nova Scotia says it has obtained regulatory approval and completed the transaction announced June 26, to acquire TradeFreedom Securities Inc.
Scotiabank says the acquisition complements product offerings currently available through its direct investment arm, ScotiaMcLeod Direct Investing (SMDI). Terms of the acquisition were not disclosed.
\u201cThis acquisition is an excellent strategic fit for our wealth management business and we are pleased to welcome the TradeFreedom team to Scotiabank,\u201d says Barb Mason, executive vp, wealth management. She adds that TradeFreedom will continue to operate under its current brand, as previously announced.
\u201cWe believe our two brands — SMDI and TradeFreedom — allow us to offer a broader, more competitive range of online brokerage products and high quality customer service.\u201d
Established in 1999, TradeFreedom provides a sophisticated bundle of services for active traders and investors. TradeFreedom facilitates trading of Canadian and U.S. equities, options, futures and foreign exchange.
http:\/\/www.newswire.ca\/en\/releases\/archive\/October2007\/01\/c6563.html
<\/p>\n","protected":false},"excerpt":{"rendered":"
Online broker to continue to operate under its current brand<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2318],"tags":[2557],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/285977"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=285977"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/285977\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=285977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=285977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=285977"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=285977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}