Brewin Dolphin Sells Its Stocktrade Service to Alliance Trust Savings

Brewin Dolphin plc has sold its Stocktrade platform, an Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term-only stock broking business, to Alliance Trust Savings in a bid to fuel market share and assets under administration, according to a Stocktrade report.

Brewin Dolphin plc is one of the largest British investment management and financial planning firms with nearly forty offices throughout the UK and Channel Islands. Stocktrade clients were given the news today, along with the assurance of continued business absent of any issues brought on by Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term. Stocktrade clients will be contacted over the coming weeks to set out their options.

According to Alliance chief executive, Katherine Garrett-Cox, in a recent statement on the acquisition, “Our strategy for ATS is to grow the business organically, but when appropriate acquisition opportunities present themselves that fit with our stringent criteria then these will be assessed. The acquisition by ATS of Stocktrade is an example of us putting this strategy into action and pursuing our ambitious growth targets.”

“This is a very good move on the part of Ms Garrett-Cox. It is part of her strategy to deliver profits at Alliance Trust Savings and fits with what Elliott had demanded,” added James Maltin, investment director at Rathbones, the broker and a shareholder in Alliance Trust, in an accompanying statement.