TradeZero Gets Approval to Launch Its Retail Equity and Options Trading in Canada

The Bahamian brokerage firm has obtained approval to launch its trading in Canada.

The broker plans to offer access to U.S. equity products to Canadas retail investors.

Daniel Pipitone, the CEO and Co-Founder of TradeZero, said that the company is delighted to introduce the TradeZero platform and provide its exceptional trading experience to retail traders in Canada. In addition, the executive stated that the launch of its trading activities in Canada marks a significant milestone in the companys ongoing growth and an additional step in its broader international expansion plans.

TradeZero disclosed that the move to set up its business in Canada was based on the need to fulfil the rising demand from consumers as well as the companys global expansion plans. Established in 2015, TradeZero has tailored its next-generation trading platform to meet the needs of the ever-growing community of sophisticated retail traders.

Through its broker-dealer subsidiaries, TradeZero provides retail traders with commission-free stock trading and direct market center access to U.S. equities and equity options trading.

“Our goal is to provide a professional-grade, VIP experience for the retail trader, including personalized, real-time support and the types of advanced trading tools and market access typically used by institutions. TradeZeros momentum has been driven by our community of sophisticated, active retail traders who appreciate the ability on our platform to have tremendous control over their trading,” Pipitone elaborated.

Taking Business Global

In January last year, TradeZero America, a subsidiary business based in New York, witnessed a 500% increase in trading volume on its platform in 2020. With investors opening and maintaining large accounts, the firm is working to continue providing its customers with consistent and reliable services.

In October last year, TradeZero entered into a definitive agreement for a merger with the blank check company, Dune Acquisition Corporation. The move is set to enable the trading platform to become a publicly listed company.

Last month, TradeZero appointed Ila Jehl as the CEO of its new clearing business as part of its efforts to enable the firm to grow its business. The company aims to offer efficient services through its planned securities clearing business. The appointment came two months after the firm signed an agreement with Dune Acquisition Corporation to bring this next-generation trading platform to the public markets.