Refinitiv and PhillipCapital Australia partner to launch global trading solution for Australian advisers

Eikon offers trading of Australian and international exchange traded instruments

SYDNEY – Building on its commitment to connect the global financial markets by providing leading data and insights, trading platforms, and open data and technology platforms, Refinitiv today announced a partnership with Phillip Capital Limited (“PhillipCapital”), the Australian arm of leading Asia primary brokerage firm PhillipCapital Group of companies (“PhillipCapital Group”), to offer trading of Australian and international exchange traded instruments, via the Eikon advisor platform.

This partnership follows the launch of Refinitiv’s new Wealth Order Management solution to the Australian market targeting retail brokers, investment advisors and wealth managers.

The 2017 ASX Investor Study shows that 75% of Australian share owners hold only domestic shares indicating they are underweight international equities.  PhillipCapital highlight several contributing factors to this such as barriers to accessing international markets and the cost of getting global data to support decision making which has, historically, been relatively expensive.

Through the partnership, Refinitiv’s award winning Eikon platform combined with PhillipCapital’s extensive network of global execution connections facilitates trading in Australia and more than 17 international equities exchanges. Using Eikon, PhillipCapital’s advisors and professional clients can now place orders directly in HIN based Australian and International equities using a single account. All trades are settled to their cash management bank account, making this a unique solution.

“Combining the powerful Eikon advisor platform with our execution capabilities has been key to expanding the PhillipCapital Australia wealth solution for our internal advisers, external intermediaries, traders and fund managers. Together with Refinitiv, we have significantly reduced the barriers to international trading and can truly customise a global trading platform for our customers at a competitive price. This solution will expand our target market and reach across the Australian customer landscape and we are excited about the year ahead,” said John Miles, CEO at PhillipCapital.

“This is a great example of how Refinitiv is partnering with our customers to offer open platform solutions that meet their evolving needs and drive smarter trading and investing. We’re in an exciting and unique position to help steer the evolution of the Australian advisory market,” said Daryl Sisson, Managing Director, Pacific at Refinitiv.

To learn more about Refinitiv’s financial markets desktop, visit here.

About Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.

About PhillipCapital

Phillip Capital Limited (“PhillipCapital”), is a market participant of ASX and Chi-X, offering stockbroking services to private clients and institutional traders with access to more than 20 global stock exchanges. Part of the PhillipCapital group of companies established in Singapore since 1975, PhillipCapital services more than 1,000,000 clients worldwide. It has assets under management and custody worldwide totalling more than USD 28 billion with shareholders' funds in excess of USD 1 billion.

Contact

Silke Marsh
Director, Regional Communications, Asia Pacific at Refinitiv
Mobile: +61 404 763 797
silke.marsh@refinitiv.com