ViewTrade partners with Seminario to provide Peru traders access to US equities

abdelaziz Fathi

ViewTrade Holding Corporation has announced a new partnership with Seminario, the largest retail broker-dealer in Peru, to offer its clients affordable execution and the ability to invest in US shares.

According to a press release from ViewTrade, the New Jersey-based firm will provide Seminario with a full set of fintech services, allowing the business to provide US equity products to its growing customer base in Peru.

These include instruments traded at NASDAQ and the New York Stock Exchange, offering over 4,000 assets and indexes from companies such as Apple, Alibaba, Google, the S&P 500 index, and many more.

Under this collaboration deal, ViewTrade will serve as an executing broker for US stock trades and also offers Seminario’s clients an affordable gateway to invest in fractional shares.

This enables Seminario investors to build portfolios of US stocks, ETFs, and ADRs. The fractional trading feature also eliminates the barriers that many investors face when trying to invest in a diversified portfolio of U.S. listed securities.

In addition, the partnership leverages Seminario’s experience in South America markets and ViewTrade technology and clearing capabilities to enable retail investors to open a live trading account, transfer funds at lower costs, and manage their investments under a complete, digital platform.

ViewTrade offers a plug-in fintech infrastructure

Commenting on the news, Kenneth Chan, Managing Director of ViewTrade Holding Corporation and President of Orbis Systems, said: “This partnership is revolutionary for Seminario and its retail clients in Peru, and we are proud to offer the turnkey solutions that are driving it. Before now, Seminario’s retail customers were primarily placing trades in U.S. securities via telephone, speaking with a locally registered Seminario representative each time they wanted to initiate a transaction. This integration is another example of how we are helping to democratize investing across the globe, and we look forward to enabling further growth for Seminario.”

Access to the US stock markets has historically been too costly in many regions. However, ViewTrade’s offering removes technical and financial barriers to entry for traders outside the US, such as account minimums and processing fees. As such, Seminario avoided having to invest in increasing headcount or building its own financial technology infrastructure, which could take years to develop.

Moreover, the backend integration and launch of ViewTrade’s white-labeled trading platform took only two weeks.

“We are happy to partner with leading fintech innovator ViewTrade. The plug-in fintech infrastructure and turnkey solutions that ViewTrade provides are now enabling us to meet the heavy retail investing demand we are experiencing in Peru – and in the most efficient way. This has been an incredible milestone in our fintech evolution and we look forward to continuing to offer our clients a more frictionless experience for investing in U.S. securities,” added Javier Cuzzi, Head of Methods and Systems Organization.

 

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