tradeMONSTER and mPower Trading Systems announced that effective immediately all tradeMONSTER customers will have access to the Prodigio trading platform. Prodigio users may now choose tradeMONSTER as their execution broker for equities trading.
Both tradeMONSTER and mPower executives spoke on this new partnership today. Jim Swartout, president of tradeMONSTER, expressed excitement about the new opportunities for clients. Swartout said, “We are happy our customers may now utilize Prodigio’s powerful Wizard Lab strategy development back-testing and other trade idea generation tools and services.” Jim Bell, managing partner of mPower spoke highly of tradeMONSTER’s position in the online brokerage sector. He said, “They are a proven leader in leveraging talented personnel and unique technology to provide enhanced trading functionality and we are delighted to have them as a partner.”
To go along with today’s announcement about the Prodigio platform partnership, tradeMONSTER also announced that all Prodigio customers will receive a flat rate of $4.90 per equity trade. Note that this rate is for equities trading at more than $1.00 per share. Standard option commission schedules still apply as well.
tradeMONSTER has made several enhancements to their services this year. Earlier this year, tradeMONSTER released tradeMONSTER Mobile. In June, the online broker released an HTML5-based iPad app.
For more information on the new partnership between tradeMONSTER and mPower click here for the full press release.