TradeStation adjusts pricing on equities 18 December 2013Florida Reporter: Georgina Lavers
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TradeStation has implemented new "unbundled" equities commission pricing designed to benefit traders who trade very actively and seek lower trading costs.
The new pricing plan aims to give participating clients the flexibility to route their orders directly to exchanges or market centers that offer fees and rebates with the potential to offer considerable commission savings.
The new commission plan builds on TradeStation's efforts to develop pricing options that give equities and options traders greater flexibility and better value in choosing commission plans that best align with their trading frequency and style.
TradeStation recently unveiled new, lower-priced "flat-fee" equities and ETF pricing to benefit active traders, as well as new "flat-fee" options pricing. TradeStation also offers per-share equities and per-contract options pricing to clients who prefer those pricing alternatives.
"Unbundled pricing continues our efforts to provide clients with the greatest possible flexibility and value in choosing their commission plans," said Salomon Sredni, CEO of TradeStation Group and COO of Monex Group.
"Each exchange or market center charges different fees and awards rebates based on how a trader's order interacts with the markets. Unbundled pricing will give clients the ability to route their orders to the exchange or market center offering pricing that best suits their trading style and objectives. We'll continue to review and revise our menu of pricing options to ensure that TradeStation offers flexible, value-added pricing for traders at every level."
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