AB Watley Direct Lowers Per-Trade Commissions to Among Industry's Lowest Rates
Tuesday March 1, 8:30 am ET
Reduced Pricing for New UltimateTrader Accounts Among the Industry's Lowest
NEW YORK--(BUSINESS WIRE)--March 1, 2005--AB Watley Direct, Inc., a U.S. registered broker-dealer that provides online trading and direct access trading services for retail and institutional clients, today announced new rates, among the lowest in the industry for active traders. The Company also continues to provide its direct access trading platform free to its customers.
Minimum Trades Per Month Commission Per Trade(1)
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3,001 and above $1.95 (2)
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2,001-3000 $2.75
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1,001-2000 $3.75
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501-1000 $4.25
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401-500 $4.75
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400 or less $6.95 and up
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"Regardless of account activity, AB Watley maintains some of the lowest commission rates in the industry. AB Watley also offers Realtick Pro at extremely competitive prices. In addition we also offer customized commission rates for automated trading systems and institutional accounts", said Robert Malin, President of A.B. Watley Group Inc.
The rates are based on a minimum number of trades--including purchases or sales--per month, with an unlimited number of shares per transaction. In addition, minimum account balances were lowered to $5,000 for accounts using direct access trading software, and $2,000 for the accounts using the Company's web-based trading software, Watley Trader.
Note (1) ECNs & listed pass-throughs extra when used
Note (2) Non-retroactive, commission rates apply from the 3,001st trade
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