MB Trading Connects to TSX, Adds Canadian Symbols for Trading
El Segundo, CA, December 18, 2008 --(PR.com)-- MB Trading (“MBT”), a financial services company, announced today that its customers can begin trading symbols on the Toronto Stock Exchange via the company’s Award-winning trading platform, the MBT Navigator*. At the time of the trade, a forex transaction is also placed in the account so that the customer is effectively holding the Canadian stock position in the US Dollar.
“We’re pleased to make this major exchange available to our customers,” said Ross Ditlove, CEO of MB Trading. “While they can trade the symbols like they were in Canada, customers do not need to have a separate forex account. The currency piece of the transaction is handled simultaneously and automatically.”
MB Trading is in a unique position to offer this service, as it is one of few American brokerages that has the technology and back office setup to trade both stocks and forex. The move demonstrates how the various business components of the company are combining to produce enhanced value for its customers.
“We view this as a big deal for our customers,” said David Lipsett, Executive Vice-President of MB Trading. “The currency piece of the transaction knocks down a major barrier to entry for customers who previously would have had to expose themselves to currency movements in order to trade stocks in Canada. Holding a position for weeks will only create a gain or loss for the customer if the stock moves up or down. This opens the door for us to replicate this in other countries.”
The symbols are immediately available for trading. Visit the company’s website for fees.
About MB Trading
MB Trading offers online stocks, options, futures, and Forex trading through their proprietary platform, the MBT Navigator. Securities products are offered through MB Trading, member FINRA, SIPC. MB Trading Futures, Inc. (MBTF) is a CFTC registered FCM and member of the NFA. MBTF offers execution and settlement services for futures based products, as well as off-exchange foreign currency (Forex) products through MB Trading.
About TSX
TSX Group is a cornerstone of the Canadian financial system and is at the centre of Canada's equity capital market. TSX Group owns and operates Canada's two national stock exchanges - Toronto Stock Exchange serving the senior equity market, and TSX Venture Exchange serving the public venture equity market, Natural Gas Exchange (NGX), a leading North American exchange for the trading and clearing of natural gas and electricity contracts and Shorcan Brokers Limited, the country's first fixed income inter-dealer broker. TSX Group also owns The Equicom Group Inc., a leading provider of investor relations and related corporate communication services in Canada. From its preeminent domestic base, TSX Group's reach continues to extend internationally, through TSX Markets and TSX Datalinx which provide the trading and data to the global financial community who access Canada's equity capital market.
Disclosures
*Based on Barron’s 2006 and 2007, MB Trading was ranked 4.5 stars, the highest rank for the best Software-Based Online Brokers.
The services described on this press release are not necessarily available to all persons, or to residents of all jurisdictions. Investors are encouraged to contact MB Trading for more detail on account opening eligibility.
Trading in Securities, Futures, Options and Forex is speculative in nature and not appropriate for all investors. Investors should only use risk capital when trading Securities, Futures, Options and Forex because there is always the risk of substantial loss.
The high degree of leverage that is often obtainable in Futures and Forex trading because of the small margin requirement can work against you as well as for you. Leverage can lead to large losses as well as gains.
Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
All trademarks are the property of their respective owners.
Contacts:
MB Trading , David Lipsett - d.lipsett@mbtrading.com
###
“We’re pleased to make this major exchange available to our customers,” said Ross Ditlove, CEO of MB Trading. “While they can trade the symbols like they were in Canada, customers do not need to have a separate forex account. The currency piece of the transaction is handled simultaneously and automatically.”
MB Trading is in a unique position to offer this service, as it is one of few American brokerages that has the technology and back office setup to trade both stocks and forex. The move demonstrates how the various business components of the company are combining to produce enhanced value for its customers.
“We view this as a big deal for our customers,” said David Lipsett, Executive Vice-President of MB Trading. “The currency piece of the transaction knocks down a major barrier to entry for customers who previously would have had to expose themselves to currency movements in order to trade stocks in Canada. Holding a position for weeks will only create a gain or loss for the customer if the stock moves up or down. This opens the door for us to replicate this in other countries.”
The symbols are immediately available for trading. Visit the company’s website for fees.
About MB Trading
MB Trading offers online stocks, options, futures, and Forex trading through their proprietary platform, the MBT Navigator. Securities products are offered through MB Trading, member FINRA, SIPC. MB Trading Futures, Inc. (MBTF) is a CFTC registered FCM and member of the NFA. MBTF offers execution and settlement services for futures based products, as well as off-exchange foreign currency (Forex) products through MB Trading.
About TSX
TSX Group is a cornerstone of the Canadian financial system and is at the centre of Canada's equity capital market. TSX Group owns and operates Canada's two national stock exchanges - Toronto Stock Exchange serving the senior equity market, and TSX Venture Exchange serving the public venture equity market, Natural Gas Exchange (NGX), a leading North American exchange for the trading and clearing of natural gas and electricity contracts and Shorcan Brokers Limited, the country's first fixed income inter-dealer broker. TSX Group also owns The Equicom Group Inc., a leading provider of investor relations and related corporate communication services in Canada. From its preeminent domestic base, TSX Group's reach continues to extend internationally, through TSX Markets and TSX Datalinx which provide the trading and data to the global financial community who access Canada's equity capital market.
Disclosures
*Based on Barron’s 2006 and 2007, MB Trading was ranked 4.5 stars, the highest rank for the best Software-Based Online Brokers.
The services described on this press release are not necessarily available to all persons, or to residents of all jurisdictions. Investors are encouraged to contact MB Trading for more detail on account opening eligibility.
Trading in Securities, Futures, Options and Forex is speculative in nature and not appropriate for all investors. Investors should only use risk capital when trading Securities, Futures, Options and Forex because there is always the risk of substantial loss.
The high degree of leverage that is often obtainable in Futures and Forex trading because of the small margin requirement can work against you as well as for you. Leverage can lead to large losses as well as gains.
Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
All trademarks are the property of their respective owners.
Contacts:
MB Trading , David Lipsett - d.lipsett@mbtrading.com
###
Contact
MB Trading
Ross Ditlove
866-628-3001
www.mbtrading.com
David Lipsett - d.lipsett@mbtrading.com
Ross Ditlove
866-628-3001
www.mbtrading.com
David Lipsett - d.lipsett@mbtrading.com
Contact
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