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JIM Jarvis Securities Plc

60.00
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jarvis Securities Plc LSE:JIM London Ordinary Share GB00BKS9NN22 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 60.00 55.00 65.00 0.00 07:32:04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Brokers & Dealers 13.07M 3.98M 0.0890 6.74 26.84M

Contract Win

13/06/2007 1:58pm

UK Regulatory


    Contract Win
             



Jarvis Securities plc

("Jarvis" or "the Company")

Contract Wins / New Service

Jarvis is pleased to announce that it has today signed a contract  to
provide settlement  and financial  administration services  to  First
Trade   Derivatives   Limited   and   certain   of   its    appointed
representatives.

The appointed  representatives include  Astor Securities  Limited,  a
specialist stockbroking firm providing  a bespoke service,  expertise
and advice  on  alternative  markets, managed  funds  and  derivative
products to UK and international private clients.

Further, the  previously  announced  contract  relating  to  a  party
awaiting regulatory  approval will  commence next  month after  their
successful application for  authorisation by  the Financial  Services
Authority.

In addition, Jarvis has signed an agreement with another  established
firm and further details will be provided in due course.

Commenting, Andrew Grant, Chairman of Jarvis, said "We are  delighted
that so many new firms have chosen to use Jarvis for their settlement
rather than the largest provider in this market. This is testament to
our service and  our model.  I am also  excited that  firms that  are
currently using  competitors  are now  also  selecting Jarvis  as  an
alternative to renewing their existing  contracts. This is a  serious
upheaval and a  decision not taken  lightly but a  trend that  augurs
very well for the future of  our Company as a provider of  settlement
services to investment professionals".

The Company is also  extending its CFD offering  with a new  internet
platform  allowing  retail  customers  to  trade  CFDs,   currencies,
commodities  and  international  equities   from  one  account.   The
implementation of this platform will also allow Jarvis to provide  an
outsourced service in  these instruments to  existing and  additional
commercial clients. Jarvis intends  to extend its relationships  with
existing commercial  settlement  clients by  providing  an  increased
range of services.

For further information:

Jarvis Securities plc
Mathew
Edmett
Tel: 0870 224 1111

Daniel Stewart & Company plc
Stewart Dick

Tel: 0207 776 6550

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