Independent dealers now have access to the Toronto Stock Exchange’s (TSX) new mutual fund trading platform through National Bank Correspondent Network (NBCN).
NBCN has been approved as a dealer for the TSX NAVex platform, the exchange announced on Friday.
“NBCN will be providing its 400 independent firms that service over 550,000 Canadian investors access to the actively managed fee-based mutual funds available solely through the TSX NAVex platform,” TSX says in a statement.
The platform, which was launched last June, allows advisors to trade mutual funds through the TSX in the same way as they trade equities and exchange traded funds .
Along with NBCN, National Bank of Canada has also been approved as a dealer on the platform.
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