JERSEY CITY, NJ March 17, 2008 - Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the financial services industry, today announced that seven of its clients scored high in this year's Barron's Best Online Broker Survey, including TradeKing who earned a Four-Star rating and a Top 10 ranking.
TradeKing, a nationally-licensed online broker dealer, ranked number six overall (out of 23 online brokers evaluated) and took home second place in the "Portfolio Analysis & Reports" category. The Barron's editors specifically recognized TradeKing for its "new, slick tools that focus on finding and executing options strategies" and highlighted the sites newest addition, Scivantage Maxit &trade
Scivantage Maxit proved itself as a competitive advantage by helping firms achieve high marks in this survey. According to Barron's, Scivantage Maxit is "an automated cost-basis and portfolio-tax reporting system that not only tracks capital gains, but also helps make better tax-related trading decisions." The article goes on to say that Maxit does a better job with options transactions than its competitors. Scivantage Maxit delivers accurate, adjusted cost basis and real-time, tax-based investment decision support to Investors, while providing a clear advantage to firm's working to improve their rankings and customer satisfaction overall.
"We are very proud that seven of our clients were recognized in this prestigious survey, and that our software solutions play a key role in their growth strategies," said Adnane Charchour, President and CEO of Scivantage. "We'd liked to congratulate all of our clients for their continued innovation in online brokerage. Barron's Annual Online Broker Survey recognizes the very best and showcases the hard work that goes into building a truly superior online experience for consumers."
In its 13th year, Barron's Annual Online Broker Survey reviewed web- and software-based brokers for the first time together, measuring overall brokerage performance based on eight key aspects: trade experience, trading technology, usability, range of offerings, research amenities, portfolio analysis and reporting, customer service and access and costs.
Leading financial institutions depend on Scivantage for essential front- and middle-office applications that deliver transaction-critical data, automate key business processes and drive operational efficiencies. Scivantage's proven, back-office independent brokerage solutions offer a powerful suite of applications that span the workflow of financial professionals and support the complex investment needs of the retail investor. From online trading and event notification management to automated account opening, maintenance and funding, Scivantage enables financial institutions and financial professionals to dramatically reduce operational costs, strengthen customer relationships and improve productivity. For more information, please visit www.scivantage.com or contact us at +1.866.724.8268.
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