TradeStation, a wholly owned subsidiary of Monex Group, Inc., one of the largest online financial services providers in Japan, today announced that its customers can begin taking advantage of a new lower, simplified per-trade commission on all stocks, ETFs and options.
This simplified commission schedule is available to all TradeStation customers regardless of trade frequency. However, the broker will continue to offer its HFT traders, who trade at least 100,000 shares per month, unbundled pricing which allows them to earn execution rebates that can cut their commission costs to as low as
$.002 per share.
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In addition to replacing a tiered commission structure, the company has reduced flat pricing for online trades with its flat rates now stand at just $5 per trade for equities and $5 per trade plus $0.50 per contract for options.
TradeStation claimed an average 50% price improvement in comparison with the previous schedule which went as high as $8.99 per trade and contained other fixed and potential monthly fees that have now been eliminated. As such, customers on this new per-trade pricing plan will pay no monthly service fees while non-professional subscribers will be exempted from fees of real-time market data from the NASDAQ, AMEX, NYSE and OPRA exchanges.
After TradeStation parted ways with its foreign exchange business in 2016, the broker-dealer and Futures Commission Merchant (FCM) is now focusing its efforts on delivering best execution to its clients in exchange traded products.
Commenting on the announcement, the President of TradeStation Group, John Bartleman, said: “This new $5 per-trade plan offers significant potential cost savings for equities and options traders who trade less frequently or in larger share sizes. We think that this new per-trade pricing plan, together with the availability of the per-share and unbundled plans, when combined with the power and value of the award-winning TradeStation platform, is an offering hard to beat in today’s online trading market for active traders and investors.”