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JPJ adds collective investments to MBA Internet Broker platform


JPJ has upgraded its online trading platform with the addition of over 2,000 collective investments. Because of the technology deployed, the firm is able to offer the lowest cost, execution only service which covers the UK markets, combined with a comprehensive range of products that includes stocks quoted on the London Stock Exchange, AIM and PLUS markets, ISAs, SIPPS; and now over 2,000 retail unit trusts or OEICs have been added to the system. 

“We have added collectives to our offering because we feel that there is not enough in the market place for the direct-to-market, execution-only, retail customers,” says Brian Gould, director of JPJ “Having unit trusts and OEICs on our menu enables us to provide one of the largest ranges of products at the lowest cost on the market.”
JPJ customers are able trade in stock from as little as GBP4.75 a trade; the ISAs and SIPPs are free; and over 80 per cent of the new funds offered have no initial charges. Rebates on fund providers’ annual management charges are also shared with the firm’s customers.  This highly competitive offering is primarily due the minimum human intervention that is made possible by the advanced straight through processing (STP) incorporated in the MBA Systems’ RSP order entry system, its connection with fund providers and JPJ’s back office.
“We have a state of the art system, which we believe gives us an excellent competitive edge,” explains Gould. “Because we started from scratch, we didn’t have the confines of a legacy system with the necessary work-around processes and inefficiencies that they bring. The very latest straight though processing that is incorporated in the MBA system means that we are not volume sensitive which is why our customers can deal at such low cost.  From my extensive experience, I would say that it is one of the best straight through processing systems that I have come across – if not the best.”

Another major benefit that using the latest STP technology brings to JPJ’s customers is the speed with which they can open an account and be trading.  Once a user has signed up, client authentication checks are all automated with payment being made by debit card.  It can take just a matter of minutes before a new user is actively trading.  A delay is only likely if the checks don’t clear straight away, then a sub-process will be necessary.
“Our business model is for those who actively manage their own accounts.  We are confident that the efficiency of our technology, together with the completeness of our range of products and highly competitive pricing, creates an unbeatable combination for our customers.”


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