Yes, and Jarden also owns OMF. Last time I looked the only other one offering US derivatives trading was Charles Schwab, and the commissions were horrendous. The rest of the world is trending to zero commissions and yet TD were the only one willing to offer NZ accounts at all. Now they're not, and I see why. So the effect of the FMA's wrapping us in cotton wool is that we have to pay through the nose to access what the rest of the world can choose to do at very low cost. Perfect.