BMO InvestorLine Enhances Active Trader Experience with New Lower Commissions and Option Trading Capabilities

• Powerful active trading platform now features a new $3.95 active trader commission rate, among the lowest in Canada
• Enhanced options trading experience, with the ability to trade multi-leg options

TORONTO, Oct. 1, 2024 /CNW/ - BMO InvestorLine today introduced new enhancements to its platform and new lower commissions for active traders. The upgraded InvestorLine experience features a new and modernized user interface, customizable workspaces, and real-time market data. In addition, BMO InvestorLine is also introducing a new set of tools specifically designed for options traders, including strategy builders, options screeners, the ability to trade multi-leg options and educational resources.

"The enhancements announced today further build on the improvements we continue to roll out to our clients, helping them trade with confidence, take their digital trading experience to the next level and make real financial progress," said Silvio Stroescu, President, BMO InvestorLine and Head of BMO Wealth Management Digital First. "Our active trader clients will benefit from lower commissions, a sleek and sophisticated user interface, more ways to trade options and improved margin capabilities, all within our ecosystem, which offers industry leading research, expert analysis and advanced investment tools."

Enhancements to the BMO InvestorLine platform include:

• Active Trader Pricing – at $3.95 for traders placing 150 trades or more per quarter, among the lowest commission rates in Canada.
• BMO Active Trader Platform – the user experience has been modernized and upgraded with a host of features, including:
  • Customizable workspaces, with drag and drop capabilities
  • Advanced technical charting with 100+ indicators and 30+ drawing tools
  • Real-time streaming of basic Level 1 as well as more robust Level 2 market data at no extra cost.
• New Options Tools – BMO InvestorLine continues to build on its options trading abilities, with a new suite of tools:
  • Multi-leg options trading
  • Options screener to identify market opportunities
  • Strategy Builder to create and fine-tune customized strategies to meet specific investment goals
  • New "Position Type" holdings view which allows clients to see the visual relationship of their option pairings as well as the margin requirements for their chosen strategies
  • A suite of comprehensive analysis and market research tools.
• Margin Trading – trades are now evaluated against a real time buying power calculation, allowing clients to maximize their trading opportunities.

BMO InvestorLine is strengthening its commitment to empower Canadian investors with the digital tools and services they need to help them make progress in their investment journey and also offers web-based investing education tutorials that can be viewed anytime, anywhere.

For more information on BMO InvestorLine's trading platform and key enhancement, please Click here.     

About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.4 trillion as of July 31, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society. 

Disclaimers

"BMO (M-bar Roundel symbol)" is a registered trademark of Bank of Montreal, used under licence. BMO InvestorLine Inc. is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor protection Fund and Member of the Canadian Investment Regulatory Organization.

Options are not suitable for all investors. Investing in options carries substantial risk and tax consequences. Investors may realize losses on any investments made utilizing leverage. Future returns are not guaranteed, and use of leverage may magnify trading losses.

SOURCE BMO Financial Group

Media Contact: Aaron Sobeski, Toronto, [email protected], [phone]