FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--TradeKing Group, Inc., an innovator in online brokerage, today announced that its acquisition of MB Trading has officially closed. With the addition of MB Trading’s renowned trading platform, TradeKing now offers a powerful, active trading experience for the most seasoned traders. This acquisition further extends the scope of TradeKing’s services as the company continues to build a diversified financial services firm to fit the needs of every kind of trader and investor.
For the time being, both TradeKing Securities and MB Trading will operate as separate brokerage offerings under the TradeKing Group umbrella.
Don Montanaro, co-founder and CEO of TradeKing, said, “We have long admired the active trading software MB has built and are excited to take the best of both firms’ technology, products and services to continue to improve the trading experience for all of our clients. We look forward to welcoming our new MB Trading clients and demonstrating our commitment to their trading success.”
“I'm excited for MB Trading clients to soon also have access to the TradeKing LIVE web-based active trader experience, where they’ll enjoy TradeKing’s award-winning customer support and top-tier research, as well as the TradeKing Advisors online advisory offerings,” commented Steve Demarest, President of MB Trading.
Clients of MB Trading and TradeKing can learn more about the details of the two firms coming together by visiting this informational microsite.
More Choice at the Same Low $4.95/trade Price
With the acquisition of MB Trading, TradeKing will offer a fully customizable professional-grade trading platform that features enhanced market data, real-time P&L, level II quotes, robust charting capabilities, an expanded set of order types, and an advanced Formula Engine. The MB Trading platform also adds Futures trading to TradeKing’s portfolio of offerings. The addition of the MB Trading platforms and technology also brings greater trade execution control for active traders and access to MB Trading’s paper trading environment to the TradeKing client base.
As MB Trading’s active trading software is fully integrated into TradeKing, MB Trading clients will have seamless access to TradeKing’s full spectrum of offerings, including:
- TradeKing’s options-centric platform and tools
- TradeKing’s managed portfolios, offered through the TradeKing Advisors arm
- TradeKing’s full suite of educational content and social channels, including TradeKing Media offerings, and trading education in the style of TradeKing’s award-winning Options Playbook including regularly scheduled videos and interactive live webinars
- TradeKing’s groundbreaking online community, the Trader Network
All of this is complemented by TradeKing’s award-winning customer service.
TradeKing Group, Inc. consists of companies with a singular focus on helping the independent investor succeed. TradeKing Securities, LLC, is TradeKing's flagship online broker/dealer for self-directed investors looking for a modern trading experience on any device at a simple, low price1. TradeKing Advisors, Inc. offers investors a range of affordable, professionally-managed portfolios through an automated and fully-transparent online process, while TradeKing Media, LLC aims to provide an extensive set of educational, informative and entertaining content and social collaboration channels. MB Trading, the latest addition to the TradeKing Group portfolio of companies, offers a powerful, active trading platform for the most seasoned traders.
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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.
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.
All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns.
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.
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