MB Trading Lowers Commission Rates for Futures, Options and Equities
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EL SEGUNDO, Calif., Jan. 30 /PRNewswire/ -- MB Trading (MBT), a recognized
leader among direct access brokerage firms, announced today that they are slashing commission rates on futures, options and equities, in some cases up to 50 percent, effective February 1, 2004.
"Over the past year, MB Trading has grown tremendously, allowing us to benefit from certain economies of scale," said MBT's CEO and co-founder Ross Ditlove. "We continue to pass on these savings to our clients."
Specifically, MB Trading Futures has reduced the rates for e-mini futures from $3.25 to $2.25 per contract.
Additionally, they will now offer the CBOT mini-sized Dow for only $2.00 per contract and will reduce the initial maintenance requirement from $2,500 to $2,000 per contract.
Futures trading will now be available from 7:30 a.m. to 8:30 p.m. EST.
MBT will reduce equity option commissions, dropping the previous rate of $1.25 to $1.00 per contract, and eliminate the previous $2.50 per order minimum.
On the equities side, MBT is reducing the commission rate for transactions between 500 and 1,000 shares from $0.0075 to $0.005 per share.
They are also dropping the $3.00 minimum ticket charge down to $1.00. Clients of MB Trading can execute trades from the stand-alone MBT Navigator platform. |
