Mobile trading app allows you to trade where you are, when you want

TORONTO, May 10, 2012 /CNW/ - Scotiabank has launched its new Scotia iTRADE®¹ mobile trading app, giving customers on-the-go the ability to make equity and option trades and manage their own investments with real time market data² right from their smart phones.

The mobile version of its popular online trading service allows Scotia iTRADE customers to track, review and trade their investments from beyond the desktop or laptop and is compatible with many smart phone devices³.

"Our new Scotia iTRADE app provides customers with the same quality experience as our online portal no matter where they are, and that's putting trading power right in the palm of your hand," said James Stares, Director, Product Strategy at Scotia iTRADE. "With today's busy lifestyles, there's a need to multitask; and when it comes to financial decisions, it's crucial for our customers to have access to the marketplace whenever and however they need it."

The Scotia iTRADE app has been created with seamless integration in mind. Users familiar with the online trading suite will find it offers the same intuitive and user-friendly format, but with enhanced functions that:

• Provide access to personal account balances and holdings
• Allow clients to view open orders and charts, as well as sync watch lists, get quotes, option chains and review market news - all in real time
• Execute equity, ETF and options trades
• Allow personalization of the app and its icons to best suit customers' trading needs

Scotia iTRADE was the first self-directed brokerage in Canada to offer commission-free⁴ online trading of ETFs, equity trades from as low as $6.99 - $9.99⁵, and up to 100 free trades⁶. To kick off the launch of the new mobile app, Scotia iTRADE is offering new customers the opportunity to qualify for up to $150 cash⁷, as well as up to 50 free trades. Download the app and get one free equity trade and one free option trade.⁸

Built on a secure platform, customer transactions and information linked to the Scotia iTRADE mobile app are as secure as when customers access the same information from either a desktop or laptop.

For more information on the Scotia iTRADE app, please visit www.scotiaitrade.com

###

About Scotiabank
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 77,000 employees, Scotiabank and its affiliates serve some 19 million customers in more than 55 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets of $637 billion (as at January 31, 2012), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

________________________________________

^{1 Scotia iTRADE (Order-Execution Only Accounts) is a division of Scotia Capital Inc. ("SCI"). SCI is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.  ® Registered trademark of The Bank of Nova Scotia. Used under license.
2 Provided you have accepted all Equity and Option Agreements.
3 Mobile trading capability requires an Internet-enabled mobile device. Your wireless carrier's standard data charges apply, as defined by your service plan with your carrier.
4  "Commission-free" refers to Scotia iTRADE's brokerage commission for online trade execution only.  Does not take into account fees, charges, expenses or commissions imposed by the fund companies, all of which can be associated with ETF investments.  You should carefully consider the fund's investment objectives, risks, fees, charges, expenses and commissions before investing.  The prospectus contains this and other important information about the fund. Please read the prospectus carefully before investing.  Funds are not guaranteed, their values change frequently and past performance may not be repeated.  For a list of ETFs eligible for our "commission-free" offer ("Eligible ETFs"), visit scotiaitrade.com.  Conditions apply.  For details on how to qualify, visit scotiaitrade.com.
5 Conditions apply.  For details on how to qualify, including minimum trade requirements, minimum asset requirements, exclusions, and other offer conditions, visit scotiaitrade.com.
6 Conditions apply.  For details on how to qualify, including minimum deposit requirements, maximum commission rebate, account restrictions, and other offer conditions, visit scotiaitrade.com.
7 Conditions apply. For details on how to qualify, including minimum deposit requirements, account and transfer restrictions, maximum commission rebate, maximum cash rebate, and other offer conditions, visit scotiaitrade.com.
8 Conditions apply. Download the Mobile Scotia iTRADETM app and place your first equity trade and your first option trade on the Mobile Scotia iTRADE app between May 7, 2012 and June 30, 2012 (the "Offer Period"), and the commissions associated with your first equity trade and your first option trade placed using the Mobile Scotia iTRADE app during the Offer Period will be waived and credited back to your account. For full details on how to qualify, visit scotiaitrade.com.}