Interactive Brokers Introduces Flat-Commission, Direct Access, No-Minimum Trading on Aussie Options.GREENWICH, Conn. -- Interactive Brokers (IBKR), the online broker of global futures, options and foreign exchange, is pleased to offer 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] to Australian stocks and options via its award-winning, multi-product desktop trading platform, Trader Workstation (TWS TWS The Wildlife Society (founded in 1937) TWS The Wilderness Society TWS The Weekly Standard (political magazine) TWS Thermal Weapon Sight TWS Texas World Speedway TWS Tsunami Warning System ). The new product offering enables clients to trade ASX-listed options on a flat commission structure of $1.88 per contract plus exchange fees, with no minimum to trade. It also provides a vast array of order types, the ability to make direct quote requests, and direct access trading for option spreads. Australian stocks are now being offered at a competitive commission rate of .08% of trade value, with a $6 trade minimum. Interactive Brokers also gives traders the ability to short these Australian stocks. Interactive Brokers ranks among the top 20 largest U.S. securities firms and has been honored by Barron's magazine Barron's magazine is an American weekly newspaper covering U.S. financial information, market developments, and relevant statistics. Each issue provides a wrap-up of the previous week's market activity, news reports, and an outlook on the week to come. for its high-performance software and low-cost trade structure. Approximately 20 percent of the world's option volume passes through Interactive Brokers every trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. . In a statement, Interactive Brokers managing director Steve Kelsey said the decision to introduce ASX-listed stocks and options to its clients was driven by the company's ongoing desire to offer access to liquid derivatives markets The derivatives markets are the financial markets for derivatives. The market can be divided into two, that for exchange traded derivatives and that for over-the-counter derivatives. globally. "The Australian options market is a dynamic, liquid environment in which clients are keen to navigate, so it was naturally in our interest to make this frontier available through our trading platform - but on far more competitive and attractive price terms than the market has offered up to now." Last month the SEC granted certain classes of the ASX ASX See: Australian Stock Exchange Exchange Traded Options Market "no action relief," allowing US investors to access the market directly through Interactive Brokers. About Interactive Brokers Interactive Brokers Group, Inc., together with its subsidiaries, is an automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures and foreign exchange instruments as a member of more than 70 electronic exchanges and trading venues around the world. The company provides professional traders and investors with direct access to stocks, options, futures, forex and bonds from a single IB Universal Account(SM). Employing proprietary software on electronic exchanges worldwide, Interactive Brokers is continuously integrating its software with a growing number of exchanges and trading venues into one automatically functioning, computerized computerized adapted for analysis, storage and retrieval on a computer. computerized axial tomography see computed tomography. platform that requires minimal human intervention. |
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