Class, nabtrade partner on direct-connect data
Specialist self-managed superannuation fund administration provider, Class, has broken new ground by partnering with nabtrade to provide direct-connect data amid its continuing move towards an initial public offering to list on the Australian Securities Exchange (ASX).
Class will support a nabtrade data feed for its wealth accounting cloud software solutions, Class Super and Class Investment Reporter.
nabtrade head of SMSF solutions, Gemma Dale, said the partnership will help its international equities platform.
"Our partnership with Class further streamlines the process, from investment through to accounting and reporting in the Class solution," Dale said.
The nabtrade direct-connect data feed allows trades executed via the nabtrade platform to be automatically processed in Class and reconciled to cash paid or received.
Class chief executive, Kevin Bungard, said the partnership stems from the 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," he said.
Currently, nabtrade offers investors access to five markets, eight exchanges, and over 10,000 global equities and exchange traded funds.
Recommended for you
Data and technology provider Novigi has acquired Iress’ superannuation consulting and managed services business from Apex Group.
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
