NEWS



TRADEKING Enters Into Agreement
to Acquire MB TRADING

 

Acquisition Extends TRADEKING’s Offering with Powerful Professional-Level Trading Platform, Marks Firm’s Fourth Acquisition in Three Years

(Fort Lauderdale, FL and El Segundo, CA) — AUGUST 26, 2015 – In a move to further extend the scope of its online brokerage offering, TradeKing Group announced today that it has entered into an agreement with California-based MB Trading to acquire all of the firm’s assets. The acquisition is part of TradeKing’s mission to build a diversified financial services firm that fits the needs of every kind of client, from new investors to the savviest traders. Financial terms of the agreement were not disclosed.

With the addition of MB Trading’s renowned and award-winning trading platform, TradeKing will offer a powerful, active trading experience for the most experienced traders, featuring the full spectrum of products, including stocks and ETFs, options, bonds, forex and futures.

“TradeKing and MB Trading clients will have access to the best products, technology and services our two firms have to offer,” said Don Montanaro, co-founder and CEO of TradeKing. “TradeKing and MB Trading were both founded on the core principle of driving more value for the investor’s dollar. This acquisition furthers that goal by offering clients of both firms more choice and more capabilities for the same great per trade price. We intend to remain a consolidator in this space to ensure great products and technologies can continue to flourish under the TradeKing umbrella.”

The combined, post-acquisition firm will operate under the TradeKing brand with offices continuing in Fort Lauderdale, Florida; Charlotte, North Carolina; and El Segundo, California. The existing TradeKing management team will remain in their current roles with Steve Demarest and other key players from MB Trading joining the TradeKing team.

Commenting on the agreement, Steve Demarest, President of MB Trading said, “We chose to enter into this agreement with TradeKing because our two firms share a very similar philosophy; that is to give our clients the very best tools, technology and pricing to put them in a position to win. We know everyone at TradeKing is as committed as we are to treating our clients right and doing whatever it takes to help them succeed.”

What Are the Benefits to Clients? More Choice at the Same Low $4.95/trade Price
For TradeKing clients, they will gain access to an award-winning, fully customizable professionalgrade trading platform, which features:

  • Enhanced market data
  • Real-time P&L
  • Level II quotes
  • Robust charting capabilities with more than 100 indicators and studies
  • An expanded set of order types with a sophisticated alert-and-trigger order system that monitors price movement based on over 100 parameters
  • An advanced Formula Engine that can insert over 100 built in mathematical stock fields into its quote sheets, hotlist sheets, scanner sheets, or option sheets, including Last, Bid, Ask, Net%, Block Trades, Money Flow, PE, EPS and much more.

The MB Trading platform will also add Futures trading to TradeKing’s portfolio of offerings for the first time. Other benefits include the ability for qualified clients to gain direct market access, offering greater trade execution control for those active traders; access to MB Trading’s paper trading capability; and MB Trading’s Market Analysis Software offerings.

For MB Trading clients, they will continue to enjoy the active trading software they know and value, while having seamless access to all of TradeKing’s 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.

Who Were the Advisors?
Cooley, LLP served as legal advisor to TradeKing. Polsinelli, PC and Baker Donelson, PC served as legal advisors to MB Trading and KPMG Corporate Finance LLC served as MB Trading’s investment banking advisor.

About MB Trading
MB Trading, IB member FINRA, SIPC; MB Trading Futures, Inc. RFED/IB and member NFA.

About TradeKing
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 selfdirected investors looking for a powerful, modern trading platform 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. The company's newest subsidiary TradeKing Media, LLC aims to provide an extensive set of educational, informative and entertaining content and social collaboration channels.

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 Please see www.tradeking.com/rates for more details on trade commissions for low priced stock, bonds, mutual funds 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.

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.

Testimonials may not be representative of the experience of other clients and are not indicative of future performance or success. No consideration was paid for any testimonials displayed.

© 2015 TradeKing Group, Inc. All rights reserved.

Media Contact:
Sue Parente
Tier One Partners
781/642-7788
[email protected]

 

Click Here for the Frequently Ask Questions
 
 

 

MB Trading, IB member FINRA, SIPC; MB Trading Futures, Inc. RFED/IB and member NFA. Trading in futures, options and Forex is speculative in nature and not appropriate for all investors. Investors should only use risk capital when trading futures, options and Forex because there is always the risk of substantial loss. MBTFS and MBTFX are sometimes referred to collectively herein as "MB Trading."

1MB Trading FX offers two Forex pricing models. Both models employ our RFED to client facing execution system with slightly different pricing and markup models.  For purpose of clarity the two pricing models (Plan 1 and Plan 2) both operate on the same technology.  The underlying technology is named The MB Trading Electronic Xrossing Network, abbreviated as EXN for the remainder of this disclaimer.  The main differentiator between the models is twofold.

A.    Difference in amount of markup or markdown of liquidity partner (banks) quotes when displayed to clients.
B.    Commission Structure charged to client

Plan 1 or “Pay for Limit” plan employs the EXN technology in a commission model. This model charges a client 2.50 in their base currency per 100k of executed currency for market orders and pays a client .50 of base currency for posted, executed limit orders. In the Pay for Limits model, the term "Payment for Limit Order" refers to a non-market order which is not immediately executable and rests on the internal limit order book for some period of time, thus adding liquidity when another order of equal or greater value fills with the resting order.

Free Commission Plan employs the EXN technology in a markup only plan, which means that MB Trading receives a markup embedded in the spread as compensation. This plan does not add an additional commission, does not pay the client a rebate for posted liquidity as Plan 1 does yet does still offer the benefit of allowing the client to post quotes which is displayed to all other clients on Plan 2.

Additional information to note is that “Actual Total Paid to Clients” counter is kept on the company website which displays The Actual Total Paid to Clients currency number which is updated every five minutes and stops counting during the weekend when the market is closed. The number calculates from the launch of Pay for Limits, which was January 31, 2011.

Due to higher cost of business in China, “Get paid for limit orders” is not available for Chinese residents. All Chinese residents have a fee of 2.50 for all order types. Accounts with special commission rates are excluded from Payment for Limit Orders. There is a minimum fee of $0.01 for all Forex and spot trading orders that take liquidity.

MB Trading earned a 4.5 out of 5 star rating in Barron’s 2011 Review of Online Brokers, tying for the top spot overall. The company earned a total of 33.8 points, one tenth of a point under the top score. MB Trading also scored in the top three for separate categories of Range of Offerings, Trade Experience, Trading Technology, Usability, and Customer Service and Education. MB Trading earned a 4.5 out of 5 star rating in Barron's 2010 Review of Online Brokers. The company ranked second overall and tied for first place in the categories of Trade Experience and Portfolio Analysis & Reporting. The company also won the category of Usability. The company also tied for first place in the separate categories of "Best for Frequent Traders" and "Best for Options Traders." This survey evaluated 27 Online Firms and does not include all Online Brokers.

*Real-time Forex Quotes are provided via the MBT Quote API. Quotes are available during platform hours from Sunday at 5 pm EST to Friday at 5 pm EST, except during the scheduled maintenance period from 4:58 pm to 5:06 pm EST. Extended maintenance periods are possible, and messages regarding maintenance are sent via the MBT Desktop, MBT Desktop Pro, and MBT Web 2.0 trading platforms. In addition, MBT begins MetaTrader 4 maintenance at 4:57 pm EST, one minute earlier.

MB Trading provides FREE real-time streaming Forex quotes in all software platforms. Demo accounts receive FREE streaming Stocks, Futures, and Options quotes which are delayed up to 20 minutes (per individual exchange requirement). FREE real-time streaming quotes for Stocks, Futures, and Options is available to nonprofessional users with funded, live accounts.

MB Trading provides Google Translation of our website for educational or informational purposes for its international customers. The graphics, applications and some portions of the website are not translated. Customers must bear the sole responsibility of evaluating their regional translation before making any decisions based on such information outside of what the English version of the site represents.