El Segundo, CA, April 18, 2008 --(PR.com
)-- MB Trading (“MBT”), a financial services company, announced Thursday that according to Nasdaq OMX Group, it ranked in the Top Ten of Market Participants for nine of the most actively traded Exchange Traded Funds (ETFs) in the month of February 2008. This marks a record for the company and places them in the top tier of trading platforms for a key piece of the index trading market.
“MB Trading is proud that a 10-year old, privately-held company can be ranked among the most prestigious brokerages in the world, in this category,” said Ross Ditlove, CEO of MB Trading. “Our growth rate in the face of fierce on-line competition is something that reinforces our business model.”
“I was particularly interested to see that we ranked seventh among all brokers in volume traded on the Spyders according to the NASDAQTrader.com list. We were close to 100 million shares in February,” said David Lipsett, Executive Vice-President. “I think it says a lot about our model of low-cost, fast executions. We’re bringing our Award-winning technology to the trader at a price-level that beats some of the deepest discount houses around.”
According to the report, in addition to the Spyders, or S&P Deposit Receipts, MBT ranked in the top ten for volume traded in the IWM, QID, DIA, TWM, MDY, DXD, IVV, and IJH. In total, MBT ranked in that top ten tier for nine of the ten most actively traded ETFs.
Ditlove, attributes a large portion of the growth to institutional clients. “ETF trading is an area where funds, algorithmic groups, and large pools of discretionary liquidity do a lot of trading. These are savvy traders who shop around and analyze the trading platforms that they use. To our clients it isn’t just price that matters. They are looking for the best combination of price, technology, and customer support. Growth across the company was strong in 2007 and we are pleased to see such strong continuation in 2008.”
About MB Trading:
MB Trading offers online stocks, options, futures, and Forex trading through their proprietary platform, the MBT Navigator. Securities products are offered through MB Trading, member FINRA, SIPC. MB Trading Futures, Inc. (MBTF) is CFTC registered FCMs and members of NFA. MBTF offers execution and settlement services for futures based products, as well as off-exchange foreign currency (Forex) products through MB Trading.
(1) ETFs are registered investment companies that represent a basket of securities similar to mutual funds but trade intraday on an exchange like stocks. Trading in ETFs is speculative in nature and may not be appropriate for all investors. Investors should only use risk capital when trading ETFs because there is always the risk of substantial loss.
(2) Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
(3) All trademarks are the property of their respective owners.
(4) Rankings and volume information was obtained from unaffiliated third party sources deemed reliable by MBT. However, MBT does not guarantee the accuracy and completeness of such information nor makes any warranties with respect to results to be obtained from their use.
MB Trading, Inc., David Lipsett - email@example.com