FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--TradeKing Group, Inc., the parent company of online broker-dealer TradeKing Securities (www.tradeking.com) and online advisory offering TradeKing Advisors (www.tradekingadvisors.com), today announced it has created a new subsidiary, TradeKing Media. TradeKing Media will serve as the primary resource for the full portfolio of educational content and social collaboration channels available to all investors, both clients and non-clients of TradeKing Group alike. To provide the foundation for TradeKing Media’s offerings, the company also announced it has acquired Trader|OS, a real-time financial news, ideation and collaboration platform for investors that takes social trading to an unprecedented level.
“In 2005, TradeKing created the first online trading social network with the mission to connect investors so they could share investment strategies and experiences, as well as learn from each other to further hone their skills,” said Donato Montanaro, CEO of TradeKing Group. “TradeKing Media and its acquisition of Trader|OS takes that mission and moves it light years ahead by giving the independent investor the same type of tools, access to information and real-time collaboration that a professional trader experiences working in a live trading desk environment.”
Trader|OS combines tools and research with live, social collaboration capabilities and instant trade execution, all in one seamless platform. This type of integrated experience was previously something only professional traders on Wall Street could enjoy, using expensive, proprietary terminals while interacting with other traders in real-time.
“I loved how TradeKing embraced social as a useful tool for investors well ahead of anyone else in the market,” said David Elias, founder and CEO of Trader|OS and now President of TradeKing Media. “When Don and I were introduced, it was clear we shared a similar vision; if we could get a collaborative, actionable trading platform in front of individual investors, we could change and improve the way they invest. We could level the playing field for individuals to make better investment decisions from real-time information previously only available to professional traders on expensive subscription-based terminals. It was clear we found the right partner with TradeKing to execute on our vision for delivering a next level solution for investors looking to get an edge.”
The Trader|OS Platform delivers a “trading desk”-like environment by providing:
- A range of live collaboration features, including the ability to create, curate and share charts
- Customized news and social feeds
- A fully-integrated App Store will enable traders to further customize their collaboration platform with apps from independent developers
- TradeKing|TV will offer broadcast channels with content covering specific areas of interest. Investors will soon be able to view interactive streaming videos and live webinars on Trader|OS, giving investors the latest news, actionable trading ideas and strategies to help them make the right investment decisions for their portfolio, all by easily selecting their particular channel(s) of interest
- More to come: TradeKing Media will continue adding rich functionality to the Trader|OS platform over time, including strategy and copy-trading, to help investors leverage more trading ideas with unprecedented levels of transparency, trust and social interaction/connectivity
More about David Elias, President of TradeKing Media:
At the age of 16, David started out as a research intern for a boutique Wall Street brokerage firm. After graduating college, he pursued his passion to get on the trading desk at Bear Stearns as a Futures and Forex Trader. In 2000, he changed direction and founded a successful social marketing agency that was later acquired in 2010. Keeping with his entrepreneurial spirit, David returned to his original passion of investing and trading and, with his experience of social marketing, created the Trader|OS platform. In his new role as TradeKing Media President, David will apply his unique skill set to ensure TradeKing remains at the forefront of social trading.
About TradeKing Group, Inc.:
TradeKing Group, Inc. (www.tradeking.com) consists of companies that provide online brokerage services, social communities for investors, investor education and more. Its subsidiary, TradeKing Securities, LLC, is a nationally licensed online broker/dealer dedicated to empowering the independent, self- directed investor. It offers simple, low fees ($4.95 per trade for both equity and option trades with $0.65 per options contract).1 The TradeKing platform features powerful online equity, options, ETF, mutual fund and fixed-income trading tools accompanied by a rich set of news, research and analysis capabilities. TradeKing Advisors, Inc. and TradeKing Securities, LLC are wholly owned subsidiaries of TradeKing Group, Inc. Brokerage accounts are serviced and securities offered through TradeKing Securities, LLC, member FINRA and SIPC.
Assets are custodied and clearing services are provided by Apex Clearing Corporation. TradeKing Group, Inc. is not a broker-dealer.
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1 Please see www.tradeking.com/rates for more details on trade commissions for low priced stock, bonds, mutual funds and other securities.
Options involve risk and are not suitable for all investors. For more information, please review the Characteristics and Risks of Standard Options brochure at www.tradeking.com/odd before you begin trading options. Options investors may lose the entire amount of their investment in a relatively short period of time. $4.95 for online equity and option trades, add 65 cents per option contract. TradeKing charges an additional $0.35 per contract on certain index products where the exchange charges fees. See our FAQ for details. TradeKing adds $0.01 per share on the entire order for stocks priced less than $2.00. See our Commissions and Fees page for commissions on broker-assisted trades, low-priced stocks, option spreads, and other securities.
Online trading has inherent risks due to system response and access times that vary due to market conditions, system performance and other factors. An investor should understand these and additional risks before trading. TradeKing Securities provides self-directed investors with discount brokerage services, and does not make recommendations or offer investment, financial, legal or tax advice. The content of this press release is provided for educational and informational purposes only, does not constitute a recommendation to enter in any of the securities transactions or to engage in any of the investment strategies presented herein, and does not represent the opinions of TradeKing or its employees.
© 2015 TradeKing Group, Inc. All rights reserved.