Webull Australia's Cash Management is a multi-currency cash management service for the firm's clients in the Australian market.

Targeting yields of 4.9% in USD and 4% inAUD*,Webull's Cash Management users will gain exposure to underlying manager J.P. Morgan Asset Management's money market solutions

This is the first cash management tool of its kind for self-directed investors in Australia

Webull Cash Management offers zero fees,with no lock-up period or cap on returns

SYDNEY,Nov. 12,2024 -- Webull Securities (Australia) Pty Ltd ('Webull Australia'),a subsidiary of Webull Corporation,the owner of the popular trading platform,launched an industry-first cash management service for its self-directed Retail investors in Australia,by leveraging J.P. Morgan Liquidity Solutions as the underlying manager. Webull Cash Management aims to offer competitive USD and AUD returns,targeting yields of around 4.9% in USD and 4% in AUD*.

Webull Cash Management utilises direct API integration with J.P. Morgan Asset Management,offering real-time settlement and competitive variable returns on uninvested cash via investments into J.P. Morgan Liquidity solutions.

Cash Management offers zero account fees,no withdrawal fees,no lock-up period,and no cap or limit on returns,meaning users can have access to funds with no penalties.

Cash Management offers an 'auto sweep' function,allowing clients to redeem uninvested cash held within Cash Management to settle ASX or US market trades when actively investing,while automatically channelling client's uninvested monies back into Cash Management.

Rob Talevski,CEO of Webull Securities Australiasaid,"Thanks to Webull's relationship with J.P. Morgan Asset Management,we have produced a solution to offer competitive returns on cash that are not readily available to many traders,leveraging J.P. Morgan Asset Management's liquidity management capability."

"Webull is the first ASX-participant broker in Australia to leverage J.P. Morgan Asset Management's liquidity management capability in this way,and to offer such a product to self-directed investors in Australia. This product is representative of our continued and ongoing vision to push boundaries and provide best-in-class solutions to Australian retail investors,in an industry that should constantly push to find ways to optimise investment returns."

Matthew Le,Head of South East Asia & Australia Sales,Global Liquidity at J.P. Morgan Asset Management,said,"Our technology team has worked closely with Webull on a direct system integration. This enables an automated and straight-through execution and settlement of our J.P. Morgan Liquidity solutions. We are committed to innovate and bring the latest technologies to meet the ever-changing needs of our clients."

Alongside the new Cash Management service,Webull continues to provide top-tier products and services to Australian traders,including 24-hour access to the US markets,real-time FX transfers,free real-time market data,and zero-commission trading on popular ASX and US ETFs.

Eligible clients will be able to activate Webull Cash Management directly via the firm's app (Asset Page > Cash Management Tab > and simply click "activate"). To find out more,visit https://www.webull.com.au/cash-management

Media contact:

Cognito for Webull

Webull@cognitomedia.com

*Figures shown are based on the 7-day returns of the Money Market Funds in Webull Cash Management,as of 30 September 2024. The past performance is not a reliable indicator of current and future results. Terms and Conditions apply.

AboutWebull Australia

WebullSecurities (Australia) Pty. Ltd. is a leading financial services provider,holding an Australian Financial Services Licence (AFSL 536980) and regulated by the Australian Securities and Investments Commission ('ASIC'). As a trading participant of both the Australian Securities Exchange ('ASX') and Cboe Australia ('Cboe'),and a principal member of the Stockbrokers and Investment Advisers Association ('SIAA').Webull strives to ensure the highest standards of service and security. All client monies are securely held in segregated client money trust accounts at an APRA regulated Authorised Deposit-taking Institution ('ADI'),and all Australian shares are CHESS-sponsored.

About Webull

Webull is a leading digital investment platform built on next generation global infrastructure. The Webull Group operates in 15 regions globally and is backed by private equity investors located in the United States,Europe and Asia. Webull serves 20 million registered users globally,providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks,ETFs,options,futures and fractional shares,through Webull's trading platform. Learn more at https://www.webullcorp.com/.