Webull Canada Extends Trading Hours: Tech Roundup for Investors
Webull Canada, the online brokerage service, has extended its trading hours to better serve its users. Now, users can trade from 4:00 a.m. to 5:30 p.m. EST, Monday to Friday, giving them more flexibility to respond to earnings reports released after 4:00 p.m. or early in the morning. Michael Constantino, CEO of Webull Canada, mentioned that by the end of 2025, trading hours will further extend to 8:00 p.m. This adjustment aims to meet the needs of users who want to be able to react to market changes as quickly as possible.
CapIntel Inc., based in Toronto, has seen a significant increase in the number of advisors using its platform, which has grown from 12,000 in August 2023 to 20,000 last month. James Rockwood, founder and CEO of CapIntel, attributes this growth to the addition of enterprise accounts, particularly from the U.S. Several major Canadian clients, including Desjardins, BMO Private Wealth, Aviso Wealth, Canada Life, CIBC Asset Management, CIBC Private Investment Counsel, and IG Wealth, are now using CapIntel’s platform. The company offers training and in-app live-chat support to ensure a seamless transition for advisors.
Equisoft Inc., another Montreal-based company, has become the third-party administration service provider for online insurance distributor Emma. This software integration will assist Emma in managing policy administration, payments, and commission tracking. Additionally, a new wealth management firm, Aretec Wealth Inc., launched in October and has chosen Advisor Solutions by Purpose as its back-end provider. Advisor Solutions by Purpose is a platform designed to help advisors go independent by providing technology, investment tools, and support services.
D1g1t, a wealth management platform based in Toronto, recently launched a new trading framework called the unified management accounts framework. This feature allows advisors to subdivide custodian accounts into different sleeves, linked to model portfolios. Advisors can manually or automatically create sleeves to reflect target allocations across different models and analyze the performance of each sleeve independently. The platform aims to provide advisors with more control and flexibility in managing client portfolios.
