A first from a Canadian bank – CIBC clients can now execute trades on the go using an App on their iPhone, BlackBerry, or Android device
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CIBC today furthered its leadership in mobile innovation for clients by being the first bank in Canada to bring a mobile stock trading App to investors across the country. The new CIBC Mobile Brokerage App will empower investors by giving them the opportunity to make trades on the go through their mobile device, in addition to a wide range of features to help clients stay on top of the market including real-time quotes, portfolio monitoring, and more.
“We are excited to be the first bank in Canada to deliver a mobile stock trading App to Canadian investors through our new CIBC Mobile Brokerage App,” said Michael Martin, Senior Vice-President, Alternate Channels, CIBC. “Investors will now be able to receive market information and make trades in real-time through their mobile device, without having to get to their computer. We know from research that there is huge demand for the benefits that this App will provide. It will change the investing landscape across Canada.”
The CIBC Mobile Brokerage App is available to clients using an iPhone, BlackBerry, or Android device, and offers features to meet the growing demand from Canadians to have access to their finances while on the go, including the ability to:
- Buy and sell stocks
- View cash and margin balances, book values, and market values for individual account holdings
- Search for stocks
- Transfer cash between your CIBC brokerage and bank accounts
- View market indices, commodities and exchange rate information
- Get quick quotes on stock prices
- Create/modify Watch Lists for an at-a-glance view of stocks
- View the status of your trades and cash transfers, and
- View the transaction history for your account
“The market can move quickly, and our clients are increasingly looking to stay connected to market developments at all times,” added Mr. Martin. “The new CIBC Mobile Brokerage App represents the next level of access and choice for investors in how they manage their portfolios.”
“Clients will be able to execute trades while they are away from their computer, on the golf course, or even from their deck at the cottage,” added Mr. Martin.
Mobile trades made with the new App using a CIBC Investor’s Edge account are eligible for $6.95 per trade pricing for investors with combined balances of $100,000 or more in CIBC products. This pricing structure was introduced in January for online trades and has proven very popular with investors.
“Not only are we introducing mobile trading to Canadian investors, but we continue to offer outstanding value to clients through our $6.95 per trade pricing for CIBC’s Investor’s Edge clients,” added Mr. Martin.
Today’s launch is the latest in a series of mobile innovations from CIBC. In February 2010, CIBC was the first bank in Canada to launch a mobile banking App, and client feedback has been overwhelmingly positive. More recently, the bank launched the CIBC Home Advisor App, free to all Canadians homebuyers. The App provides access to neighbourhood pricing trends and demographics along with the ability to access mortgage calculators and advice.
CIBC (CM: TSX;NYSE) is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, and has offices in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at http://www.cibc.com/.
/NOTE TO EDITORS: Media Assets accompanying this story are available as follows:
Image with caption: “CIBC Mobile Brokerage App for iPhone (CNW Group/CIBC)”. Image available at: http://photos.newswire.ca/images/download/20110725_C7152_PHOTO_EN_1615.jpg
Image with caption: “CIBC Mobile Brokerage App for Android (CNW Group/CIBC)”. Image available at: http://photos.newswire.ca/images/download/20110725_C7152_PHOTO_EN_1617.jpg
Image with caption: “CIBC Mobile Brokerage App for Blackberry (CNW Group/CIBC)”. Image available at: http://photos.newswire.ca/images/download/20110725_C7152_PHOTO_EN_1619.jpg
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