GainsKeeper Press Release
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Boston - 3/22/05
MB Trading, an electronic brokerage firm, is focusing on helping customers adopt tax-efficient trading strategies to save both time and reduce taxes owed by using GainsKeeper's (www.gainskeeper.com) automated tax lot accounting tools. GainsKeeper® is a part of Wolters Kluwer Corporate & Financial Services.
As part of the GainsKeeper's Investment Tax Accounting Partnership program, partners like MB Trading are able to leverage GainsKeeper tools to form the critical bridge between the investment and tax needs of their individual investor clients.
"We look to partner with the strongest providers in the industry to offer our customers the most sophisticated, affordable trading technology solutions," Ross Ditlove, chief executive officer and co-founder of MB Trading, said. "Partnering with GainsKeeper offers a new dimension, further strengthening the value that we can offer our individual investor customers."
MB Trading will offer the sophisticated tax lot accounting tools to its customers at a reduced rate. These tools can automatically calculate tax liabilities and generate the Schedule D. Additionally, they can alert customers year-round to the impact of wash sales and other events within their accounts that could affect their tax obligations, saving them significant time and reducing the risk of overpaying taxes on their investments.
"MB Trading has been a leader in leveraging technology to streamline the trading process," Cameron Routh, head of partner relations for GainsKeeper, said. "We look forward to working with them to bring this efficiency to the tax-side of their customers' portfolios, helping them deliver greater value and investment savings to investors that rely on MB Trading solutions."
About MB Trading
MB Trading offers direct access order routing on the Nasdaq, NYSE and AMEX equity markets, in addition to options and futures trading (offered through MB Trading Futures). MB Trading's platform, the MBT Navigator, provides Level II data and offers smart order routing via MBTX. MBTX intelligently scans market makers, ECNs, exchanges, and hidden pools of liquidity for the best available price for each order. The MBT Navigator is also the only trading system that integrates seamlessly into the industry's leading quote providers, including eSignal, DTN.iQ, QCharts, QuoteTracker, and StockWatch Pro. Clients can simultaneously place orders, view account information, and watch quotes and charts on one screen.
Registered brokerage representatives are available to assist clients by providing exceptional customer service. MB Trading is a registered broker-dealer and member NASD and SIPC. For more information please call (866) 628-3001 or visit www.mbtrading.com.
GainsKeeper, a part of Wolters Kluwer Corporate & Financial Services division, provides automated tax-based financial tools and services to the investment community. GainsKeeper Institutional Services (GKIS) provides application service provider (ASP) solutions for financial institutions, enabling them to offer sophisticated tax lot accounting services to their customers without incurring the high cost of building, maintaining, and housing the systems and operations necessary to provide institutional-quality service. GKIS solutions-ranging from back-office outsourcing to fully integrated, Internet-based tools and services-are utilized by the brokerage, mutual fund, and fund administration industries.
Wolters Kluwer is a leading multinational publisher and information services company. The company's core markets are spread across the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2004) of €3.3 billion, employs approximately 18,400 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.