(October 18 – 9:30 ET) – Bonds almost got lost in all the hype of new ways to buy and sell stocks online. Today, however, brings the launch of a new online bond trading service called E-BOND Ltd.
The firm was established last year to build an online bond brokerage, offering trading in Canada federal government bonds and provincial and federal zero coupons, and some high-grade corporate debt. It offers cash and margin accounts, and both RRSPs and RRIFs. So far it is open only to Ontario investors. It will also offer trading in Canadian mutual funds, and Canadian and U.S. stocks and options, but this will have to be done through one of its brokers.
Traders must have strong encryption browsers (128-bit) to participate, as with most online banking services.
E-BOND is a member of the Investment Dealers Association and the Canadian Investor Protection Fund, but is not a member of any Canadian or U.S. stock exchange.
IE Staff