AB Watley Direct Lowers Per-Trade Commissions to Among Industry's Lowest Rates; Reduced Pricing for New UltimateTrader Accounts Among the Industry's Lowest.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- AB Watley Direct, Inc., a U.S. registered broker-dealer that provides online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. and direct access trading Direct access trading is a technology which allows stock traders to trade directly with market makers or specialists, rather than trading through stock brokers.[1] services for retail and institutional clients, today announced new rates, among the lowest in the industry for active traders. The Company also continues to provide its direct access trading platform free to its customers.
Minimum Trades Per Month Commission Per Trade(1)
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3,001 and above $1.95 (2)
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2,001-3000 $2.75
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1,001-2000 $3.75
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501-1000 $4.25
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401-500 $4.75
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400 or less $6.95 and up
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"Regardless of account activity, AB Watley maintains some of the lowest commission rates in the industry. AB Watley also offers Realtick Pro at extremely competitive prices. In addition we also offer customized commission rates for automated trading systems An automated trading system (ATS) is a computer trading program that automatically submits trades to an exchange. An example of an early ATS is Instinet. This allows traders to input trades invisibly to the market, with a crossing price determined by a VWAP measure. and institutional accounts", said Robert Malin, President of A.B. Watley Group Inc. The rates are based on a minimum number of trades--including purchases or sales--per month, with an unlimited number of shares per transaction. In addition, minimum account balances were lowered to $5,000 for accounts using direct access trading software, and $2,000 for the accounts using the Company's web-based trading software, Watley Trader. Note (1) ECNs & listed pass-throughs extra when used Note (2) Non-retroactive, commission rates apply from the 3,001st trade About AB Watley Direct, Inc. AB Watley Direct, Inc. is a New York-based, NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. member, broker/dealer founded in 1986. The firm is a service-oriented leader in the electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. field. Its goal is to provide the highest level of service in the industry at the lowest possible cost. AB Watley takes great pride in its trader support and attention to technology by offering multiple platforms Refers to two or more operating environments, which typically include the CPU family and operating system. For example, if versions of a program run on Windows and the Macintosh, the software is said to support multiple platforms. suited to individual trader needs. About AB Watley Group Inc. AB Watley Group Inc. (Ticker Symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "ABWG.OB") is a publicly held financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. holding company. The Company conducts its core business through its subsidiary AB Watley Direct, Inc., a U.S. registered broker-dealer that provides online trading and direct access trading services for retail and institutional clients. AB Watley Group provides direct access software and facilities to each of its divisions (online, retail and institutional). The Company's main focus is supporting its brokerage units' initiatives. Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements. |
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