US financial services firm Edward Jones has extended its use of ADP Wilco's retail stockbroking platform Tarot to allow its UK clients access to international bond issues.
Using Tarot's order placement functionality for principal processing, Edward Jones says it will now be able to deliver its inventory of corporate and government bonds to retail investors through its branch network in the UK.
The new functionality will allow branch level investment representatives to purchase for their clients any amount of fixed income stock directly from Edward Jones' central inventory. Clients are instantly notified of completed orders.
Allan Anderson, principal, UK, Edward Jones Limited, says: "This is a successful model in the USA and has always been part of our strategy for the UK and Europe."
A long-time Tarot user, Edward Jones upgraded to version 3.0 of the package in December last year.