StockBrokers.com has been following the progress between OptionsHouse and tradeMONSTER joining forces. The news was first announced in late May last year. In November, we found out a few more key details and as the transition process moves along, we continue to learn more about how this will work.
As of today, we are able to provide an update with a few key points of information. First of all, the newly joined company will be known as OptionsHouse and will operate under the current OptionsHouse website. The company will use the award winning tradeMONSTER trading platform. Clients can continue to login as they are accustomed to doing. In addition, there is some huge pricing news. Commission rates are changing to the following structure.
New Commission Rates for Joined Company (OptionsHouse):
Stock Trades – $4.95 per trade
Options Trades – $4.95 + $.50 per contract
StockBrokers.com will continue to keep you informed regarding the changes and updates associated with the transition process as these two companies join together.