Canaccord Capital Corp. has signed a letter of intent with stox.com Inc to provide a customized Web-based private label solution for Canaccord’s 400,000 clients.

In the initial phase of the agreement, stox.com will provide a suite of private labeled products and services, including advanced market data, to Canaccord’s clients. There are no details on where the deal may go from there.

“Providing professional financial information to our client base has been the cornerstone of our success,” said Michael Greenwood, president and chief operating officer of Canaccord.

“stox.com offers Canaccord Capital a high powered, flexible, and customized solution that will help our clients make timely investment decisions, and see opportunities to adjust their positions in response to market changes. We’re impressed with stox.com’s ability to simplify complicated financial material and, at the same time, deliver solutions that empower the full range of Canaccord investors,” Greenwood said in a news release.

“stox.com is pleased to be chosen as the provider of choice by Canaccord Capital Corporation,” said Ralph Peluso, CEO of stox.com. “This opportunity enables stox.com to reach a very active investment community. Our alliance with Canaccord Capital is another significant step towards our goal of being a premier business-to-business provider of financial information and tools to brokerages, banks and other financial players across North America.”