- HALO Technologies (HAL) executes two new agreements to expand its Australian customer footprint
- The first agreement is with 25 corporate authorised representatives based in Sydney who each provide personal advice to established books of clients
- Under the agreement terms, the dealer group will be able to access HALO’s services for research, opening accounts, and executing trades in 26 countries and across 32 exchanges, on behalf of their clients
- Additionally, it has executed a further agreement with an individual corporate authorised representative to access its services
- Shares close 3.33 per cent higher at 31 cents
Share trading research and services company HALO Technologies (HAL) has executed two new agreements to expand its Australian customer footprint.
The first agreement is with 25 corporate authorised representatives based in Sydney who each provide personal advice to established books of clients.
Under the agreement terms, the dealer group will be able to access HALO’s services for research, opening accounts, and executing trades in 26 countries and across 32 exchanges, on behalf of their clients.
Additionally, it has executed a further agreement with an individual corporate authorised representative to access its services.
The company said the deal represents $300 million of client funds under management, divided between two authorised representatives.
These clients will be transferred from their current wealth management platform to HALO.
The company expects the agreements to grow the fund’s under management on the HALO platform.
Shares closed 3.33 per cent higher at 31 cents.