tastytrade Invests $20 Million in Commission-Free Broker dough
- tastytrade has given its support of the broker's mission to offer retail clients investment capabilities without commissions.
New commission-free online broker dough has managed to secure $20 million in funding from tastytrade, Inc., an online financial network, in order to support the company’s mission to offer retail clients investment capabilities without commissions.
dough, which is led by Victor Jones, former director of Trading and Operations at TD Ameritrade, offers commission-free trading on listed stocks and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded funds (ETFs).
Victor Jones, CEO of dough
Source: LinkedIn
Commenting on the development, Jones said: “The next generation of investors are looking for more than bare-bones investing and wealth management platforms targeting them with slick promotions only to leave them high and dry when it comes to content, service, and functionality. dough is going to elevate the level of competition.”
Located in Chicago, the broker will start accepting customers in September of this year. Tastytrade is an online network which provides content regarding financial information, investment strategies, and entertainment related to options trading and the stock market.
As part of its offering, dough will not put a limit on account sizes and will Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term tastytrade’s infrastructure to bring its platform to retail investors, the statement released today said.
“Our investment in dough validates our commitment to all traders and investors regardless of age or account size,” explained Kristi Ross, Co-CEO of tastytrade, Inc. “This new platform will raise financial engagement and enable an entirely new generation to participate in wealth creation.”
The days of paying commissions are numbered
Customers of the Chicago broker will be charged a monthly subscription fee of $1. Customers who sign up on their waitlist will receive a one-year subscription free of charge. According to Jones, paying for commissions to trade stock will become as common as having a landline.
“At tastytrade we love investing in industry disruptors and we believe dough will play a major role in engaging millions of future decision makers. Active financial participation is key no matter your account size or age because the next thing you know you’re 50,” the Co-CEO of tastytrade, Inc. Tom Sosnoff added.
New commission-free online broker dough has managed to secure $20 million in funding from tastytrade, Inc., an online financial network, in order to support the company’s mission to offer retail clients investment capabilities without commissions.
dough, which is led by Victor Jones, former director of Trading and Operations at TD Ameritrade, offers commission-free trading on listed stocks and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded funds (ETFs).
Victor Jones, CEO of dough
Source: LinkedIn
Commenting on the development, Jones said: “The next generation of investors are looking for more than bare-bones investing and wealth management platforms targeting them with slick promotions only to leave them high and dry when it comes to content, service, and functionality. dough is going to elevate the level of competition.”
Located in Chicago, the broker will start accepting customers in September of this year. Tastytrade is an online network which provides content regarding financial information, investment strategies, and entertainment related to options trading and the stock market.
As part of its offering, dough will not put a limit on account sizes and will Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term tastytrade’s infrastructure to bring its platform to retail investors, the statement released today said.
“Our investment in dough validates our commitment to all traders and investors regardless of age or account size,” explained Kristi Ross, Co-CEO of tastytrade, Inc. “This new platform will raise financial engagement and enable an entirely new generation to participate in wealth creation.”
The days of paying commissions are numbered
Customers of the Chicago broker will be charged a monthly subscription fee of $1. Customers who sign up on their waitlist will receive a one-year subscription free of charge. According to Jones, paying for commissions to trade stock will become as common as having a landline.
“At tastytrade we love investing in industry disruptors and we believe dough will play a major role in engaging millions of future decision makers. Active financial participation is key no matter your account size or age because the next thing you know you’re 50,” the Co-CEO of tastytrade, Inc. Tom Sosnoff added.