CMC knocks ANZ from Bendigo share trading supply
Bendigo and Adelaide Bank has ended its online share trading partnership with ANZ's E*Trade and has relaunched its service using a white label solution supplied by CMC Markets.The bank said more than 10,000 customers were being moved across to the new platform, Bendigo Invest Direct.The bank said in a media release that BID had better research, more sophisticated analytical tools and was faster than the service it replaced.Margin loans offered by Bendigo and Adelaide's subsidiary Leveraged Equities can be fully integrated with a BID trading account.Risk management tools include stop loss and "take profit" features.Features include free access to stock analytics and star ratings supplied by theScreener, access to the Australian Securities Exchange's unlisted managed funds trading service mFund, and straight-through processing to cut down the time required to get orders to market.