Hong Kong-based CITIC Ka Wah Bank (CKWB)is now offering its customers the ability to trade securities on US markets over the internet.
Partnering with Marketware International and ADP Clearing & Outsourcing Services, CKWB is offering customers US stock trading to expand its wealth management services and provide its customers with access to the largest securities market in the world through the NYSE, AMEX and NASDAQ.
The CKWB trading site supports three languages – English, traditional Chinese and simplified Chinese. It also enables customers to have immediate trading capability for US stocks upon opening a US securities trading account and offers same day funds transfer service in support of that trading.
According to the firms, the implementation includes a single log-on process to CKWB’s i-banking where a customer can access the US stock market in their selected language, straight through trading via one click access on the website, and a customized cash up front business calculating model, which lets customers track funds availability, taking into consideration all pending settlement transactions and open orders.