Popular ex24 Alternative Trading System Reduces Commissions to $2.NAPLES, Fla. -- ex24, Inc. announced today that it has lowered the commission to $2 per trade to buy or sell securities in the ex24 Alternative Trading System The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. (ATS) Order Books. "Because ex24 is a self-clearing Broker/Dealer we are able to provide our Members with the lowest true cost to invest in stocks," said ex24 President and Founder James P. Lennane. "This means a better return on investment, helping our Members to build wealth and savings." ex24 ATS Order Books are open 24/7 for Members to trade odd-lots of 1-99 shares anonymously with other members. Unlike U.S. National Market orders which are subject to 3 day (T+3) settlement, ATS Order Book trades are settled immediately (T+3) so proceeds are immediately available to reinvest re·in·vest tr.v. re·in·vest·ed, re·in·vest·ing, re·in·vests To invest (capital or earnings) again, especially to invest (income from securities or funds) in additional shares. or withdraw. ex24 Members wishing to trade round-lots of 100 shares or more, of most Nasdaq Global Market and Exchange Listed stocks Listed stocks Stocks that are traded on an exchange. and ETFs, can opt to route a Share-Based order to the U.S. National Markets for a low flat fee of $4 per trade. Alternatively, Members may submit Dollar-Based orders anytime during normal market hours -- also for a low commission of $4 -- in order to invest $10 or more. Dollar-based orders are executed at the best market price and enable investors to buy a fractional number of shares. This allows Members to easily monitor their accounts based on changes in dollar value. Members can sell any holdings acquired through a Dollar-based buy order for the same $4 per trade flat commission. Other online brokers might execute buy orders for a low commission, but then charge much more to sell or liquidate a position liquidate a position To sell all the stock or debt securities of a particular type. For example, a portfolio manager might decide to liquidate a position in a stock by selling all the shares of that stock held in the portfolio. . ex24, on the other hand, makes it more financially feasible for a Member to rebalance their portfolio to conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" current investment needs. ex24 services are provided with no subscription fees, inactivity fees or minimum equity requirements, and requires an initial deposit of $100 or greater. ex24 offers only cash accounts to its investors; margin accounts are not currently offered. ex24 is a member of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. and Securities Investor Protection Corporation Securities Investor Protection Corporation (SIPC) A nonprofit corporation that insures customers' securities and cash held by member brokerage firms against the failure of those firms. . The company is also a member of the Depository Trust & Clearing Corporation and National Securities Clearing Corporation. For additional information, visit www.ex24.com, call ex24 at 239-732-5500, or email Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Anthony Link at alink@ex24.com. This is not a recommendation to invest with ex24. ex24 does not make investment recommendations. Investments in stock are at the sole discretion of Members. Before investing you should consider both the risks and rewards of a particular investment and how the investment fits into your overall investment objectives. Investments in stock are not guaranteed against loss, original amounts invested are subject to market fluctuation and may decline in value. |
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