Deal lets M. Lhuillier facilitate trading

Deal lets M. Lhuillier facilitate trading

AN online trading platform, UTrade by Unicapital Securities Inc., and homegrown non-bank financial services firm MLhuillier have signed a partnership to make participation in the country’s stock market more convenient and accessible to investors. Unicapital Securities Inc. President and Chief Executive Officer Leonardo Arguelles Jr. said the partnership aims “to strengthen UTrade’s mission of providing efficient and innovative financial and investment solutions that will build a stronger sustainable income stream” for current and potential clients. The firm is tapping MLhuillier’s over 2,000 branches nationwide and 16 branches in the United States to make opening an online account and fund transfers for stock investors easier. Michelle Ungco, assistant vice-president of UTrade, said they will first conduct a trial run for MLhuillier’s top five branches in Metro Cebu next month to ensure there would be no technical glitches, before they will roll out the program to all Mlhuillier branches nationwide and the US.

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