NEW YORK, Aug. 15, 2001 (PRIMEZONE) -- NobleTrading.com, www.nobletrading.com, an online direct access trading company, is pleased to announce its new per share pricing model. This model is in addition to the existing pricing model of commission per order ticket (see below). New accounts that wish to take advantage of the per share trading model will be opened with NobleTrading.com's Broker/Dealer, White Pacific Securities (WPS) (member NASD/SIPC) which has just signed a new clearing arrangement with Penson Financial Services of Dallas. NobleTrading, through WPS, has an existing clearing relationship with Computer Clearing Services of Glendale, Calif.
NobleTrading.com currently allows its customers to execute their orders through four different direct access trading platforms: Virtual Trader Level 1.5 and Level 2, E-Signal with direct access order entry, and Townsend Analytics' RealTick III. NobleTrading will be adding Watcher Technologies' Watcher Plus system on Sept. 15, 2001. All of these platforms are stand-alone applications that are installed directly onto customers' Microsoft(r) (symbol:MSFT) Windows ('95, '98, ME, NT and Windows(r) 2000) Operating Systems. Customers do not need to access Web pages in order to place trades. Orders are entered directly into each of these platforms' integrated order entry windows.
"Our new per share commission schedule allows us to deliver a highly competitive rate to any style of trader, whether trading 100 shares at a time or 10,000. The current market conditions require deeply discounted commissions regardless of the investors' trading style," stated John Ferrara Vice President of Operations of NobleTrading.com.
Per Ticket Schedule Per Share Schedule
Monthly Per Ticket Monthly Shares Per Share Cost
Transactions Cost Traded
0 - 250 $14.95 0 - 100,000 $2.25 + 1.4 cents/share
250 - 500 $12.95 100,001 - 250,000 $2.25 + 1.3 cents/share
500 + $9.95 250,001 - 500,000 $2.25 + 1.2 cents/share
500,001 - 750,000 $2.25 + 1.2 cents/share
750,001 - 1,000,000 $2.25 + 1.1 cents/share
1,000,000 + $2.25 + 1 cent per share
NobleTrading.com is a New York-based corporation with headquarters at 80 Wall Street in downtown Manhattan, in the heart of New York City's financial district. Contact our Sales Office at (877) 872-3311 or via email at info@nobletrading.com.
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CONTACT: NobleTrading.com, Inc., New York
Dan Pipitone
(212) 809-4833