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.
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 http://www.choicetrade.com or call (877)-731-9114.
Interested media should contact Ron Buckner at (732) 214-2660 or email.
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