Harrisdirect Introduces MarketPort Active Trader Platform
Tuesday October 28, 12:36 pm ET
New Offering Features $9.99 Commissions and Enhanced Trading Functionality
JERSEY CITY, N.J.--(BUSINESS WIRE)--Oct. 28, 2003--Harrisdirect (www.harrisdirect.com), a leading provider of online investment services, today announced the introduction of MarketPort, an integrated direct access platform tailored to meet the unique needs of investors who trade more frequently - generally over 20 times per month.
MarketPort offers clients direct access trading capabilities through leading ECNs including Island® (ISLD), Archipelago(SM) (ARCA), and Instinet (INCA) as well as direct routing to the New York Stock Exchange (NYSE) and American Stock Exchange (ASE).
MarketPort clients also receive a more favorable commission and fee schedule. Individuals trading over 20 times per month pay $9.99 per trade, while those trading between 1-19 times per month pay $12.99 per trade.*
In order to qualify for MarketPort, clients must have an approved Harrisdirect margin account as well as a minimum opening balance of $50,000.
"MarketPort will introduce Harrisdirect to a broad new universe of investors. We have been recognized throughout the industry for the quality and scope of our offering in meeting the needs of disciplined, informed investors with long-term objectives," said Bruce Schwenger, President and CEO of Harrisdirect. "Now, more active investors will have access to the same premium services we have always offered with added functionality, delivered at discount prices."
In addition to the full menu of tools and resources of the standard Harrisdirect platform, MarketPort clients receive:
Nasdaq Level II Quotes and ISLD, ARCA and INCA Order Books, with integrated 1-click order input.
Streaming real-time market data and technical charting
Time & Sales - which enables an investor to see actual trade prints as they are reported to the consolidated tape.
Fully customizable trading platform features.
Intelligent order routing capabilities that search for the best possible price available at the time of order entry.
Direct toll-free telephone access to experienced trading support representatives
Real-time day-trade buying power up to four times that of NYSE Maintenance Excess
All information viewable on one screen (Positions, Order Status, History, and more)
Demo mode to explore and learn trading functions
System requirements for MarketPort include:
Microsoft Windows 2000/XP/NT 4.0/ME
CPU - 800 MHZ or greater
RAM - 128 MB or greater
Video - PCI or AGP card with 32 MB RAM (or greater) on the video card
Internet Connectivity - DSL, cable modem or better
For additional information, please visit harrisdirect.com.
Harrisdirect is a part of The Harris wealth management group and is a leading provider of direct investing services to informed investors with long-term financial goals. For more than a century, the Harris organization has built its reputation on trust, experience and the highest level of personal service. Today The Harris delivers a full suite of brokerage, private banking, trust and investment and wealth advisory services through professionals dedicated to assisting individuals and families in managing their financial futures. The Harris represents the U.S. wealth management businesses of BMO Financial Group (NYSE, TSX: BMO - News News). For more information, please visit www.theharris.com or www.harrisdirect.com.
Broker assisted trades are subject to an additional $25 surcharge. A monthly Software and Data Fee of $129 is waived for clients trading 20 or more times during the month. The fee is also not charged for the first two calendar months when a client signs up for MarketPort. However, starting in the third calendar month, if a client does not reach the necessary 20 trades, the monthly fee is automatically deducted from the account on the first of the following calendar month for the month in advance.
"The Harris" is a trade name used by various financial service providers in the BMO Financial Group, a marketing name used by Bank of Montreal. Harrisdirect (HD) and Harris AdvantEdge Investing (HAI) are divisions of Harris Investor Services LLC (HIS), a registered broker dealer, member NASD and SIPC. Products offered by HIS, HD and HAI are NOT FDIC INSURED, HAVE NO BANK GUARANTEE, and MAY LOSE VALUE. Not all products and services are offered in every state and/or location. |
