Welcome!

News Feed Item

INSERTING and REPLACING TradeKing Announces Post-Merger Results

Insert risk disclaimer paragraph after footnotes in release dated Jan. 23, 2013:

The corrected release reads:

TRADEKING ANNOUNCES POST-MERGER RESULTS

With its TradeKing and Zecco Trading integration complete, online broker TradeKing enters the New Year with a trading experience now even better equipped to meet the needs of today’s active investor. The “new” TradeKing is a significantly larger online brokerage seven years after its founding, with more than 500,000 total accounts, making it the country’s sixth-largest online broker1.

Entering this next phase of its history, TradeKing intends to prove to the industry that the core “disrupter” values on which it founded the company -- including low, transparent pricing, exceptional customer service and a commitment to providing some of the industry’s most innovative technology -- will remain unchanged and continue to guide the firm’s future direction.

“Too many online brokerages abandoned a focus on transparency and a ‘customer-first’ mindset as they’ve grown,” said Don Montanaro, CEO of TradeKing. “TradeKing intends to live our values every day as we continue to expand and show what excellence means in the online brokerage industry. 2012 was a milestone year for our firm but I truly believe the best is yet to come for TradeKing and our clients in the months ahead.”

Product:

  • TradeKing continues to enhance its TradeKing LIVE platform so active trader clients can leverage fast-performing tools and real-time information. Daily users of TradeKing LIVE have doubled as a result of the Zecco acquisition. The HTML5 site now features:
    • A new redesign that offers both a light and dark background along with the ability for traders to customize features on the main dashboard
    • Streaming charts
    • An enhanced Options Workbench with strategy recognition
    • Real-time, intraday updates that display cost basis on all stock positions
  • TradeKing’s mobile apps for the iPhone and Android devices continue to gain traction among investors. Both apps feature streaming quotes and watchlists, the ability to trade stocks and options, charts, option chains and alerts.
  • The TradeKing Trader Network social community continues to be a popular channel for investors to connect with one another, share experiences, ideas and strategies, see what others are trading and how they are performing. TradeKing also considers the Trader Network to be an extension of its service channel, giving the firm yet another way to listen to and interact with its clients.
  • TradeKing’s open Application Programming Interface (API) remains an important part of the company’s strategy and the API is continually enhanced by TradeKing. The API is specially designed to help developers, partners and tech-savvy investors create highly-customized trading platforms and “Apps,” opening up a whole new avenue to deliver greater choice for the firm’s clients.
    • Increasing numbers of organizations such as SmartStops, ionDesk and CoolTrade have already integrated their tools with TradeKing’s API.
  • We launched TradeKing Forex, offering Forex capabilities to help clients diversify their investments. With these capabilities, clients can:
    • Trade over 50 currency pairs, plus gold and silver in real time
    • Benefit from sophisticated trading platforms, premium charting tools
    • Access extensive education, actionable research, detailed charts, and more
  • The TradeKing site also underwent a significant brand redesign to integrate features from the former TradeKing and Zecco sites. The new site offers a streamlined look and feel, plus a number of enhancements, including:
    • A new, redesigned research center
    • A new alerts center that enables clients to set up alerts that are delivered via both email and mobile
    • Upgraded navigation to help clients more easily find key features

Education:

  • In keeping with its philosophy that an educated trader is a better equipped trader when it comes to navigating a variety of market conditions, TradeKing continues to offer a range of tools and services to help investors hone their craft:
    • In 2012, TradeKing hosted 62 live educational events, including 14 webinars, 38 Midday Market Calls and 10 Weekly Option Reviews. These events drew more than 8,300 attendees, with seven different speakers, 60 different topics, and more than 30 hours of live online programming.
      • This past year, TradeKing introduced its series of Midday Market Calls, a new program of “bite-sized” market analysis and trading ideas for both stock and option traders. Taking place each Tuesday at noon Eastern, the Midday Market Calls (featuring Michael Kahn of Quick Takes Pro and Barron’s “Getting Technical” columnist) have quickly become one of TradeKing’s most popular educational events.
      • TradeKing also launched its new Weekly Options Review each Monday at noon Eastern. Investors can join former CBOE market maker Dan Sheridan of Sheridan Options Mentoring and TradeKing Senior Option Analyst Brian Overby, as they team up to discuss a potential trade set-up and weekly analysis.
    • Online videos continue to be a popular educational resource for investors. In 2012, TradeKing clients watched 289 different videos for a total of 57,103 views over 15,851 hours.

Service:

  • Providing the industry's best client service continues to be TradeKing's number one commitment. To achieve that end, TradeKing boasts some of the most highly qualified customer service associates in the industry:
    • More than 49% of the firm’s registered reps hold FINRA Series 4 licensing (Registered Options Principal) and 51% have the Series 24 license (General Securities Principal).
    • TradeKing’s outstanding service was once again recognized by the industry with a four-star ranking for the sixth consecutive year in Barron’s 2012 Online Broker Survey and was selected #1 for customer service for the fourth time in SmartMoney’s annual broker survey.
  • TradeKing also appreciates the value of social media as an important channel for client interaction. The firm participates actively on Twitter, Facebook and Google+, with a growing presence that today numbers more than 16,500 Twitter followers and nearly 30,000 Facebook “likes,” among the highest in the industry.

Corporate:

  • The management team of the “new” TradeKing includes some of the industry’s most highly experienced financial services executives, all of whom are TradeKing founders:
    • Donato Montanaro, CEO
    • Richard Hagen, President and COO
    • Thomas Desmond, CFO
    • Philip Claxton, Chief Compliance Officer

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, is a nationally licensed online broker/dealer dedicated to empowering the independent, self- directed investor. It offers simple, low flat fees ($4.95 per trade for both equity and option trades with $0.65 per options contract).2 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.

Follow TradeKing on Twitter at http://twitter.com/TradeKing,
Facebook at http://www.facebook.com/tradeking,
YouTube at http://www.youtube.com/tradeking,
LinkedIn at http://www.linkedin.com/company/tradeking,
Google+ at https://plus.google.com/+tradeking/posts.

1 Source: Dow Jones Newswires, May 15, 2012.

2 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 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 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.

Content, research, tools, and stock or option symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results.

Foreign exchange trading (Forex) is offered to self-directed investors through TradeKing Forex. TradeKing Forex, Inc. and TradeKing, LLC are separate, but affiliated companies. Forex accounts are not protected by the Securities Investor Protection Corp. (SIPC).

Forex trading involves significant risk of loss and is not suitable for all investors. Increasing leverage increases risk. Before deciding to trade forex, you should carefully consider your financial objectives, level of investing experience, and ability to take financial risk. Any opinions, news, research, analyses, prices or other information contained does not constitute investment advice. Please note that spot gold and silver contracts are not subject to regulation under the U.S. Commodity Exchange Act.

TradeKing Forex, Inc. acts as an introducing broker to GAIN Capital Group, LLC ("GAIN Capital"). Your forex account is held and maintained at GAIN Capital who serves as the clearing agent and counterparty to your trades. GAIN Capital is registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) (ID # 0339826). TradeKing Forex, Inc. is a member of the National Futures Association (ID # 0408077).

TradeKing Group, Inc. is not a broker/dealer.

© 2013 TradeKing Group, Inc. All securities and investments are offered through TradeKing, LLC. Member FINRA/SIPC. Forex offered through TradeKing Forex, Inc., Member NFA.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
"We have several customers now running private clouds. They're not as large as they should be but it's getting there. The adoption challenge has been pretty simple. Look at the world today of virtualization vs cloud," stated Nara Rajagopalan, CEO of Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.