Client News

FIIG Securities Launches Pioneering Online Bond Ordering Service          

shopping-cart-78019_1280Fixed income broker FIIG Securities has launched an Australian-first online ordering system for corporate bonds which makes buying and selling bonds in the over-the-counter market as simple as updating an online shopping cart. Clients and financial advisers can use the system to browse a range of bonds, access FIIG research on each bond, and place buy or sell requests at any hour of the day or night. CEO Mark Paton said FIIG had developed the service because investors were increasingly seeking investments, reviewing research and investing online at their own convenience but until now, this option had not been available for over-the-counter bonds. “Despite the size of the over-the-counter market no bond broker has done this before in Australia so we looked instead to websites like Amazon and other online retailers for a process that was familiar to clients and easy to use,” Mr Paton said. “As a result, our system, which is unique in Australia, will make investing in bonds in the over-the-counter market as easy as possible for personal clients and their advisers.” Mr Paton said that investors, in particular SMSFs, were seeking access to direct investments delivering reliable income streams and capital security in order to protect their lifestyle and retirement, of which bonds were the gold standard. The new service continues FIIG’s mission of opening up the bond market to Australian investors. FIIG took its first steps to open the market in 2010 when it launched its DirectBonds Service which cut the minimum parcel size for corporate bonds from $500,000 to $50,000. In 2013, FIIG cut the minimum parcel again to $10,000, making a diversified bond portfolio affordable for the first time for a wide range investors. With FIIG’s new online ordering service, clients can access their “MyFIIG” client portal, browse for bonds through an extensive list of options and develop model portfolios based on FIIG’s model analysis and add them to the Trade Request list. Once clients are satisfied with their selection, they can submit their requests and FIIG will finalise details with them before processing trade requests. FIIG Securities Limited, which is licensed by the Australian Securities and Investments Commission (ASIC), is Australia’s largest specialist fixed-income dealer. FIIG now facilitates over $1 billion of corporate Bond transactions per month for individuals and corporate investors. FIIG has more than $11 billion in term deposits and corporate bonds under advice in its short-term money market, bonds and custody business.  The company has offices in Sydney, Melbourne, Brisbane and Perth. For more information about FIIG Securities please visit www.fiig.com.au