IOOF upgrades Pursuit platform
IOOF has today announced enhancements to its Pursuit online trading and transaction platform including online transaction, share trading, and corporate actions capabilities.
The company said the enhancements would allow advisers to:
- Place all buy and sell transactions on all investments in one place via the Order Pad, including managed funds, shares, and term deposits (buy only);
- Buy and sell immediately. Advisers can place a buy order with the proceeds of a sell order immediately, without waiting for the proceeds to clear, saving time, and minimising the amount of time clients are out of the market;
- Reach the market in real time as all share trades are made via straight through processing;
- Eliminate errors, by using the built in validation function;
- Track all submitted and saved trades via the Order Monitor; and
Advisers are also able to more easily manage corporate actions for clients via a new portal.
Commenting on the enhancements, IOOF head of platform products, Chris Weldon pointed to its relative simplicity.
"Many industry platforms have become quite complex to operate, and as a result most advisers don't use all the bells and whistles that are available," he said.
"IOOF embraced the challenge of providing our advisers with a sophisticated online trading and transaction solution that was simple to operate."
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