For the time being, both TradeKing Securities and MB Trading will operate as separate brokerage offerings under the TradeKing Group umbrella.
With the acquisition of MB Trading, TradeKing will now be able to offer more choices for clients and they will receive the same $4.95 price. Importantly, The MB Trading platform adds futures trading to TradeKing’s portfolio of offerings. MB Trading customers will still be able to use the platform they have used in the past, while now receiving access to all of TradeKing’s content as well.
TradeKing has put together a MB Trading Acquisition Page to help customers learn more about the acquisition means to them. The questions and answers portion of that page is particularly helpful, and there are contact numbers for those who still have further questions after looking over the page.
Don Montanaro, co-founder and CEO of TradeKing, said, “We have long admired the active trading software MB has built and are excited to take the best of both firms’ technology, products and services to continue to improve the trading experience for all of our clients.”
Steve Demarest, President of MB Trading, said, “I’m excited for MB Trading clients to soon also have access to the TradeKing LIVE web-based active trader experience.” He also commented on MB Trading customers ability to use the TradeKing Advisors offerings.
Click here for the full press release on the finalization of this acquisition.