Looks like Global Investor Services, Inc. have hit a jackpot - it appears the company managed to score a huge distribution agreement with Questrade - a large stocks, options and Forex broker.
I have seen many companies trying to score such an agreement with retail Forex broker, I believe all of them failed so far. I believe, that if properly structured, such agreements are typically win-win solutions for both Forex brokers and the educational services providers as one hand they immediately expose a huge audience to that education providers services while on the other more educated investors are better traders = less losses, more volume. With many brokers moving to the ECN/STP execution methods there is a greater need for brokers to have more educated clients who will last longer and will deliver greater volumes. It doesn't make sense any more to have clients who will lose all their money in the first trade as these orders are routed into the market and the broker won't profit from this loss.
NEW YORK--(BUSINESS WIRE)--Global Investor Services, Inc. (OTCBB:GISV) signed the final contract with Questrade® Inc. to provide Global Investor Services, Inc. (GIS) education and proprietary analysis tools to Questrade® clients.
The following highlights the importance of the agreement for Global Investor Services, Inc.
Self-directed investors using Questrade® services will now have access to the GIS education and analysis platform as Questrade® does not currently offer education or research tools on their site.
Questrade® will market GIS products and services to their existing large client base as well as to their 200,000 unique monthly visitors via e-mail notifications and website advertising through their customer support portal. Links will also be placed within the main Questrade® site and affiliate sites specifically for the purpose of lead generation.
Professional tools will now be available to on-line traders in Canada, which we believe will enable them to bring their trading strategies to a higher level.
The timely execution of this contract further solidifies the significance of providing individual investors with the necessary tools and information to manage their investment capital. Global Investor Services, Inc. plans to launch this platform to Questrade® clients in January 2010.
“We are extremely pleased to enter into this agreement with Questrade® and we believe that our investor education and analysis tools will provide significant benefits to their self-directed traders. Questrade® is committed to providing its clients with outstanding service, cost effective brokerage services and extensive training and innovative analysis,” said Nick Maturo, CEO of Global Investor Services, Inc.
Questrade clients will have the ability to view a complete fundamental analysis of both US and Canadian traded securities along with a technical overlay of entry and exit points. In addition, the platform will provide a ranking of the healthiest companies based upon extensive fundamental analysis of growth, earnings and revenue.
About Global Investor Services, Inc:
Global Investor Services, Inc. provides and delivers a comprehensive on-line program of investor education through its InvestView brand, offers proprietary investor search tools and trading indicators, distributes weekly newsletters, offers access to a live “state of the art” weekly Trading Room and one-on-one, personalized coaching. www.investview.com
About Questrade® Inc.:
Questrade® Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading in the U.S. and Canadian stock and option markets as well as Forex Trading . Since its inception in 1999, the company has grown and diversified, and is currently ranked as Canada’s fastest-growing online brokerage. The company continues to demonstrate its competitive leadership with a combination of outstanding service, advanced technology and competitive pricing structures.
Contacts
Global Investor Services, Inc.
William Kosoff, 212-227-2242, CFO
www.GISVonline.com
or
Questrade® Inc.
Lynn Suderman, Manager, Communications, lsuderman@questrade.com
Tel: (416) 227-9876 x371
Tel: (888) 783-7866 x371
