ex24 Introduces Free Share-Based Trading For Accounts Under $25,000.NAPLES, Fla. -- ex24, Inc., the stock trading platform for individual investors, announced today that it will offer commission free share-based trading to all investors, including those with less than $25,000 in their account. "In response to Bank of America's recent announcement that it will offer free trading to investors with $25,000 or more in their account, we are fighting back on behalf of all investors, who deserve an equal opportunity when investing in the stock market," said ex24 President James P. Lennane. "All Share-Based Orders are commission free until year-end." Unlike Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , ex24 does not have a host of additional products from which to gain income from its clients; however ex24 does have a unique service that accommodates investors of any size looking to inexpensively participate in the stock market. Members who sign up at www.ex24.com may submit commission free Share-based Trades until December 31, 2006. Commission free trading will be good for share-based orders on either the ex24 U.S. Markets Trading platform or the unique 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. known as the ex24 Order Book. On January 1, 2007, ex24 will restore its normal commission schedule of $2 or $4 per trade, depending on the trading platform. ex24 Members may also enter real time dollar-based trades for $4 per trade that provides for fractional share Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. ownership. ex24 services are provided with no subscription fees, account transfer fees, inactivity fees Inactivity Fee A fee charged to investors whose trading activity meets their brokerages' criteria for an inactive account. Notes: Smaller, passive investors who make a small amount of trades are the most disadvantaged by the fee. See also: Broker, Passive Management or minimum equity requirements, and require 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. . For additional information, see 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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