Raleigh, NC, June 18, 2011 --(PR.com
)-- Sarah M. Place, President and CEO of Place Trade Financial, Inc., (Member FINRA, SIPC), (www.placetrade.com), a global full service, discount broker and online trading firm, announced the firm is ending its nearly decade long clearing relationship and has entered into a new clearing arrangement with Interactive Brokers. Place Trade will clear directly through Interactive Brokers, allowing the firm to offer extremely low cost pricing while still offering great service to their clients around the globe.
Through the new clearing arrangement Place Trade will offer trading in over 90 market centers, spanning 19 countries, trading in several major languages and offering state of the art trading platforms for experienced online traders as well as professional traders and independent registered representatives.
“We are very excited to make the change to our new clearing arrangement,” said Place. “This direct clearing arrangement will allow Place Trade to pass along some of the lowest commission and margin rates of any national broker dealer making the firm a true competitor in both the online trading space as well as in the full service wealth management division.”
About Interactive Brokers:
Interactive Brokers provides electronic access to stocks, options, futures, forex, bonds and funds on over 90 market centers in 19 countries. Awarded for their superior technology and lower trading costs over the past 34 years the IB Group has been building electronic access trading technology and delivers real advantages to professionals worldwide. With consolidated equity capital of over US $4 billion, IB and its affiliates exceed 1,000,000 trades per day.
About Place Trade Financial, Inc.:
Place Trade Financial, Inc., Member FINRA, SIPC (www.placetrade.com), is a global full service, discount brokerage firm with online trading. Founded in Lillington, NC; Place Trade is currently celebrating ten years in the Triangle. Place Trade appeals to clients with various investment needs, by offering a range of products and services - including stocks, options, mutual funds, ETFs, CDs, extensive fixed income securities, online trading, IPOs, no-fee IRAs and low margin rates. Additional services include Wealth Management, college and retirement planning, 401(k) rollovers and business retirement plans. Place Trade Financial, Inc. is a member of the Securities Industry Financial Markets Association (SIFMA) and is a Municipal Securities Rulemaking Board (MSRB) registered firm.
For questions or comments, contact:
Place Trade Financial