ChoiceTrade Reduces Options Commissions
ChoiceTrade now offers option trading for as low as 75 cents a contract with no trade fee.
East Brunswick, NJ (PRWEB) June 2, 2005 -- ChoiceTrade, a leader in low-cost
online and direct-access trading, has reduced option commissions to as low as 75
cents a contract with no trade fee, the lowest of any online
broker.
"Today's competitive commission environment proves that traders
still look for value," said Neville Golvala, President and CEO of ChoiceTrade.
"We are pleased to now offer what we believe is the lowest option commission
structure anywhere."
Option commissions have been reduced to just 75
cents a contract for trades of 21 contracts or more. Trades of less than 21
contracts are 99 cents a contract, with a $5 minimum. Online equity trades are
still $5, market or limit, any share size, including Pink Sheet and Bulletin
Board stocks.
"Although we're one of the lowest-cost online brokers, we
do not skimp on service," said Golvala. "We don't confuse our customers with
complicated fee schedules or tools they'll never use. At ChoiceTrade you get the
trading software you need, the fast, seamless executions you want and the
friendly support you deserve."
ChoiceTrade offers smart routing of option
orders to all U.S. option market centers. In addition, customers submitting
marketable option orders will have their orders routed to the Boston Options
Exchange (BOX) when BOX is at the best prevailing price at that moment ("NBBO"),
and there is availability of an NBBO improvement order on the opposite side of
the trade, in which case the order will be exposed to a price improvement
auction.
"Our option customers know they are getting the best service and
price possible through our unbeatable combination of smart order routing and
price improvement," said Golvala.
In addition to offering an online
trading interface, complete with ChoiceStreamer, an award-winning, real-time
portfolio tracker, ChoiceTrade also offers additional platforms for direct
access traders who want more control over their order placement. ChoiceTrader
Select is a highly-acclaimed state-of-the-art Direct Access Trading platform
which seamlessly integrates with eSignal. Another advanced Direct Access
platform, ChoiceTrader Direct Pro, is a robust stand-alone product offering
Level 2 and advanced charting.
About ChoiceTrade
ChoiceTrade offers
low cost, cutting-edge, online and direct access trading of equity securities
and options.
ChoiceTrade is a registered broker-dealer and member NASD
and SIPC. For more information about ChoiceTrade, prospective clients should
visit www.choicetrade.com
or call (877)-731-9114.
Interested media should contact Ron Buckner at
(732) 214-2660 or email.
# # #
Source : http://www.prweb.com/releases/2005/6/prweb246651.htm