Fidelity Launches New Online Platform For Foreign Stocks and Currency Exchanges

Broker/dealers and customers can provide their customers with a single monthly account statement for their U.S. and local currency holdings, as well as a consolidated tax reporting statement. There is also dedicated trade support 24 hours a day, six days a week. For broker-dealers, Fidelity offers risk management tools, such as pre-and post-trade supervision, to help them monitor international transactions executed through Fidelity.

In addition to the new online trading features, broker dealers and advisors can execute trades in U.S. dollars with the help of Fidelity Capital Market's dedicated international trading desk, in the following countries: Argentina, Brazil, Czech Republic, Estonia, Hungary, Indonesia, Israel, Luxembourg, Malaysia, Peru, Philippines, Russia, South Korea, Taiwan, Thailand and Turkey.

"Fidelity's new international trading offering can help broker-dealers and advisors better meet their clients' international investing needs and provide greater efficiencies, enabling them to spend more time with clients and growth their businesses," stated Richard Hart III, SVP, National Financial. He also noted this offering combined with the recent launch of Fidelity Clearing Canada ULC, reinforces Fidelity's commitment to building a global trading platform to support the needs of its broker-dealer and advisor clients.

Fidelity also published today a new Viewpoint, which is the company's customer e-newsletter with weekly market and economic commentary, discussing how international equity exposure as part of an investor's overall stock exposure may help reduce risk, while providing the potential for increased returns.

Specifically, Fidelity recommends that for most investors with longer-term timeframes (greater than five years), an international equity allocation of 30 percent of their overall stock allocation provide a reasonable tradeoff between the shorter-term potential for increased volatility and the long-term potential for increased returns.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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