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Ustocktrade Securities Selects Wolters Kluwer's GainsKeeper Brokerage SolutionWolters Kluwer today announced that Ustocktrade Securities, Inc. (USTS), the first alternative trading system (ATS) designed exclusively for retail investors, has selected Wolters Kluwer's GainsKeeper Brokerage solution for cost basis reporting. The solution uses a suite of smart tools that helps firms calculate, track and report cost basis, adjusted for corporate actions and wash sales, for 1099 tax reporting. "As a relatively new retail stock trading network, we continuously enhance our platform to create a better trading experience for our growing base of users. We are very pleased to integrate Wolters Kluwer's cost basis reporting to meet both our and our users' requirements," said Matt Bergin, CEO of Ustocktrade Securities. "The solution will provide us with the in-depth expertise and proven technology we need to comply with the cost basis reporting regulation." Cost basis reporting is one of the most highly sought account features for investors. GainsKeeper Brokerage allows brokerage firms to efficiently deliver this value-add service to their customers, helping them save time, money and aggravation when preparing their taxes. GainsKeeper Brokerage also provides detailed running cost basis and gain/loss reports that enable firms to maintain accurate investment records and realize greater after-tax performance. GainsKeeper Brokerage is part of the GainsKeeper solution suite, an award-winning, tax lot accounting solution for the brokerage, fund investment, and active trader and individual investor communities. For more information, please visit the Wolters Kluwer GainsKeeper Brokerage website.
About Wolters Kluwer Governance, Risk & Compliance Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.
About Ustocktrade Securities, Inc. Ustocktrade is the brainchild of technology entrepreneur Tony Weeresinghe, with more than 20 years of experience automating some of the world's most impressive equity trading systems, including the system used by the London Stock Exchange Group. Ustocktrade is built with clear social mission to use its profits to fund The Cainan Foundation, a 501(c)(3) registered charity dedicated to providing first-rate education to vulnerable and disadvantaged children worldwide. www.ustocktrade.com @ustocktrade
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View source version on businesswire.com: http://www.businesswire.com/news/home/20171207005086/en/ |