Class now supports a nabtrade data feed for its wealth accounting cloud software solutions, Class Super and Class Investment Reporter.
nabtrade offers an international share trading capability which provides investors with access to five markets, eight exchanges and over 10,000 global equities and exchange traded funds.
For Gemma Dale, Head of SMSF Solutions at nabtrade, the partnership delivers a highly relevant solution: “With the growing SMSF market and high demand for foreign assets, the nabtrade platform provides a low cost, quality solution for investing in international equities. Our partnership with Class further streamlines the process, from investment through to accounting and reporting in the Class solution.”
In an industry first In February 2015, Class delivered international shares and foreign currency support for its SMSF and non-super wealth accounting solutions. The addition of the nabtrade direct-connect data feed further strengthens that support and allows trades executed via the nabtrade platform to be automatically processed in Class and reconciled to cash paid or received.
According to Class CEO, Kevin Bungard this is a significant achievement for both Class and nabtrade: “As SMSF trustees and investors realise the benefits of diversification from a risk and volatility perspective, there is increasing interest and demand for foreign investments. Being able to offer direct-connect data feeds from leading providers such as nabtrade in conjunction with Class’ foreign asset support delivers first class functionality for SMSFs.”
Source: Class
