Mogo Partners with CI Investment Services

Oct 12, 2021 By MarketDepth

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Mogo Inc. (TSX: MOGO) (NASDAQ: MOGO) today announced its new partnership with CI Investment Services Inc. As a result, CI will provide a range of back office services to support MogoTrade, Mogo’s upcoming commission free stock trading app, such as clearing and settlement, custody of client funds and securities, and trade execution.

“This agreement represents another important step in the development of our MogoTrade commission free stock trading solution, which we expect will launch later this year.”

Greg Feller, President of Mogo

CI Investment Services, a wholly owned subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), is a leading Canadian broker-dealer that provides a wide range of innovative brokerage and trading services to portfolio managers. “CI is a high-quality, tech-savvy partner and we will leverage their capabilities to bring best-in-class operational execution to match what we expect will be a best-in-class product and user experience in the Canadian market. Like Mogo, they are an innovative, non-bank organization, and they bring the scale and depth of resources to support our needs as we grow,” Greg Feller, President of Mogo, concluded.