Contract Win
June 13 2007 - 7:58AM
UK Regulatory
Contract Win
Jarvis Securities plc
("Jarvis" or "the Company")
Contract Wins / New Service
Jarvis is pleased to announce that it has today signed a contract to
provide settlement and financial administration services to First
Trade Derivatives Limited and certain of its appointed
representatives.
The appointed representatives include Astor Securities Limited, a
specialist stockbroking firm providing a bespoke service, expertise
and advice on alternative markets, managed funds and derivative
products to UK and international private clients.
Further, the previously announced contract relating to a party
awaiting regulatory approval will commence next month after their
successful application for authorisation by the Financial Services
Authority.
In addition, Jarvis has signed an agreement with another established
firm and further details will be provided in due course.
Commenting, Andrew Grant, Chairman of Jarvis, said "We are delighted
that so many new firms have chosen to use Jarvis for their settlement
rather than the largest provider in this market. This is testament to
our service and our model. I am also excited that firms that are
currently using competitors are now also selecting Jarvis as an
alternative to renewing their existing contracts. This is a serious
upheaval and a decision not taken lightly but a trend that augurs
very well for the future of our Company as a provider of settlement
services to investment professionals".
The Company is also extending its CFD offering with a new internet
platform allowing retail customers to trade CFDs, currencies,
commodities and international equities from one account. The
implementation of this platform will also allow Jarvis to provide an
outsourced service in these instruments to existing and additional
commercial clients. Jarvis intends to extend its relationships with
existing commercial settlement clients by providing an increased
range of services.
For further information:
Jarvis Securities plc
Mathew
Edmett
Tel: 0870 224 1111
Daniel Stewart & Company plc
Stewart Dick
Tel: 0207 776 6550
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