Boustead Securities, a licensed FINRA member, is partnering with MERJ Exchange Limited (“MERJ”) to allow U.S. investors to trade dual listed U.S. and international securities on Upstream. The two companies have entered into an Introducing Broker Referral Agreement designed to enable traders to buy shares on the U.S. market and seamlessly deposit them on Upstream for secondary sale while investors may buy on Upstream and seamlessly withdraw back to the U.S. for secondary sale.
According to the company, investors interested in trading can join a waitlist and then, after being notified that they are eligible, can use the Upstream app to register with Boustead Securities. Upon registration, they can “tap-to-unlock” the facility to trade securities listed on Upstream’s secondary market and deposit eligible securities held at U.S. brokerage firms and transfer agents. Access to Upstream securities trading for U.S. investors through Boustead should be available in Q2 2023.
Upstream, a MERJ Exchange market, is a global retail trading platform that offers investors access to dual-listed companies that trade on NASDAQ, NYSE and over the counter (“OTC”) markets as well as international stock exchanges including EURONEXT, ASX, NSX, TSX and CSE. Investors can trade U.S. and international equities using digital payment rails, credit card, debit card, PayPal, or USD.
“We believe in giving our customers access to global markets that provide access to innovative issuers and access to dual listed securities that have protections against manipulative and predatory trading practices that sometimes occur on other markets,” said Boustead Securities CEO Keith Moore in the press release. “By introducing our customers and issuers to Upstream, we can offer our customers the ability to evaluate the best price discovery and trade 20 hours a day.”
To view the full press release, visit https://ibn.fm/uMd3X
About Boustead Securities LLC
Boustead Securities is an investment banking firm that executes and advises on IPOs, dual listings, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority-owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information visit please visit: www.boustead1828.com.
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