TD Waterhouse UK

TD Waterhouse UK

September 19, 2011 03:30 ET

Banks Popular as TD Customers Look to Cash in on Black Gold

Banks Account for Almost 55% of Overall Top Ten Trades

LONDON, ENGLAND--(Marketwire - Sept. 19, 2011) - Darren Hepworth, Trading and Customer Services Director, TD Waterhouse comments: "Britain's banking giants accounted for nearly 55% of our customers' overall top ten trades this week as the International Commission on Banking (ICB) reported its final recommendations on Monday (12 September). The ICB report called for increased competition among banks and will also force them to ring fence their retail operations, in addition to increasing the amount of loss absorbing debt they hold. Meanwhile, Gulf Keystone Petroleum (GKP) was the top sell trade in the week ending Tuesday, 13 September as the FTSE 100 closed at 5,174.25."

The Top 10 TD Customer Buys and Sells for week ended 13th September 2011(1)

TOP TEN TD CUSTOMER BUYS TOP TEN TD CUSTOMER SELLS
This week Company Last week This week Company Last week
1 BARCLAYS 1 1 GULF KEYSTONE PETR 4
2 LLOYDS BANKING GP 2 2 LLOYDS BANKING GP 1
3 ROYAL BK SCOT GRP 3 3 BARCLAYS 2
4 AVIVA 4 4 ROYAL BK SCOT GRP 3
5 GULF KEYSTONE PETR 6 5 BP 7
6 XSTRATA PLC 7 6 TULLOW OIL -
7 BP 5 7 XSTRATA PLC 8
8 RANGE RESOURCES 10 8 RANGE RESOURCES 6
9 VODAFONE GROUP 9 9 ARM HLDGS -
10 XCITE ENERGY LTD 8 10 ROCKHOPPER EXPLORA -

Darren Hepworth continues: "Barclays (BARC) CEO, Bob Diamond, said he welcomed the clarity provided by the ICB's final report on banking, and it was his company that was in first place in our top ten most popular buys table this week. Barclays accounted for nearly 26% of our customers top ten buys and almost 17% of the top ten sells, while Lloyds Banking Group (LLOY) was placed second place in both tables, accounting for 17.6% of our customer top ten buys and 20% of the top ten sells.

"Despite all the news surrounding financial institutions this week, Gulf Keystone Petroleum overtook last week's respective top three sells - Lloyds Bank, Barclays and RBS - to finish top of this week's table. The oil and gas explorer appears to have been attracting the attention of TD customers after announcing successful test results from its Shaikan block in the Kurdistan region of Iraq on Monday, 5 September. Gulf Keystone's share price rose by 43% to just over 183p during the week ending Tuesday, 13 September.

"Gulf Keystone was also the fifth most popular buy ahead of Wednesday's release of its interim results and its plans to move to the FTSE 250 from AIM next year.

"Staying with oil, two of the three new entries in this week's sells table were Tullow Oil (TLW) and Rockhopper Exploration (RKH). Tullow Oil announced on Friday (9 September) that it had struck lucky off the coast of French Guiana and the FTSE 100 oil explorer's share price finished the day at 1406p, having closed at 1194p on Thursday (8 September).

"Meanwhile, Rockhopper - the only company to discover oil in the Falkland Islands so far - was 10th in the sells ahead of its announcement on Wednesday that it will cost around £1.3 billion to produce the first Falklands oil, adding it would begin production in early 2016.

"ARM Holdings (ARM), the third new entrant into our most popular sells table, launched into ninth place as it emerged the chipmaker is set to benefit from the 2012 release of Microsoft's latest operating system Windows 8."

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TD Waterhouse is the UK's leading execution only stockbroker(2) with trading rates starting from £8.95. Only 15 or more eligible trades per quarter are required to qualify for TD Waterhouse's frequent trader rates(3).

Notes to editors

Footnotes

1: The Top Ten Buys and Sells should not be taken as a recommendation to buy or sell any particular bond or stock, and it is not intended to offer any form of advice. Instead it is simply an indication of the general buying and selling trends amongst some TD Waterhouse customers, observed during the period stated.

2: Source: Compeer based on daily average retail trades for TD Waterhouse including its white label partners, as at July 2011.

3: TD Waterhouse trading rates:

Platform Frequent trader
Applicable after 15+ trades per quarter
Standard
Online £8.95 flat rate £12.50 flat rate
Telephone The appropriate Online rate plus an additional £30 is payable on all Telephone Trades
Certificated The appropriate Online or Telephone rate plus an additional £40 is payable on all Certificated Trades

TD Waterhouse Frequent Trader Commission Rates

Frequent Trader Commission Rates work on a rolling monthly cycle, based on the number of trades executed in the preceding 3 calendar months. If you complete 15 or more eligible trades in the preceding qualifying 3 month period you will qualify for our Frequent Trader Commission Rates, from the start of the next month. For more information customers can log onto tdwaterhouse.co.uk.

TD Waterhouse - award winning service:

  • YourMoney Awards 2011
  • MoneyAM Online Finance Awards 2011
    • Best Online Execution-Only Broker (winner)
    • Best Online Overseas Trading Platform (winner)
  • FT Money / Investors Chronicle Awards 2010
    • Best Stockbroker for International Share Dealing (winner, 2nd year running)
    • Execution-Only Stockbroker of the Year (winner)
    • Online Stockbroker of the Year (winner)
    • Best Stockbroker for Costs (winner)
  • Daily Telegraph Wealth Management Awards 2010
    • Best Execution-Only Broker (winner)
  • Shares Awards 2010
    • Best International Share Dealing Service (winner)
    • Previous awards: Best Execution-Only Broker 2009, Best Online Trading Platform 2008, Best Online Broker 2007 & Best International Share Dealing Service 2006

About TD Waterhouse:

TD Waterhouse is the UK's leading execution-only broker, servicing approx 200,000 UK customers with over £3.77 billion in customer assets (stocks and cash) under management. It is a subsidiary of the TD Bank Group (TD), the 6th largest bank in North America by branches. TD has 82,000 employees in offices around the world, serving 20 million customers with client assets of CDN$665 billion (as at 31 July 2011). † Source: Compeer based on daily average retail trades for TD Waterhouse including its white label partners, as at July 2011.

TD Waterhouse provides UK investors with simple, fast and easy share dealing services - combined with high quality news and information from leading providers including Morningstar - to both active traders and longer-term investors. These include UK and international equity trading, Individual Savings Accounts (ISAs), regular investment accounts, Self Invested Personal Pensions (more info on SIPPs), Derivatives (CFDs, Forex and Futures) and Financial Spread Trading.

TD Waterhouse is authorised and regulated by the Financial Services Authority (FSA), 25 The North Colonnade, Canary Wharf, London E14 5HS (FSA registered number 141282), member of the London Stock Exchange and the PLUS market.

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