JitneyTrade Announces Plans to Open a Trading Floor in Toronto Targeting ex-Registered Traders of the TSX



    MONTREAL, Sept. 2 /CNW Telbec/ - JitneyTrade, a firm specializing in
supporting independent professional traders, is proud to announce the launch
of their RT Support Program and plans to open a trading floor in Toronto. This
offering is targeted toward providing Registered Traders of the TSX with an
infrastructure to continue trading as the major banks retreat from the
Registered Trader and Professional Trader business.
    "Our offering to Registered Traders is unique in the market place since
we offer the option for traders to keep all net profits and simply charge them
the cost of their trades." says Francesco Pasin, CEO of JitneyTrade,
"Previously the only option for these traders was to split their profits with
the brokerage firm as an employee. While we have a Capital Partner Program for
traders needing capital introduction, those traders who can fund their own
activity can keep all the profit."
    Traders in the program are charged either on a per trade basis, on a per
share basis or a fixed monthly basis at rates that are revolutionary in the
securities market. Traders in the program are provided office space, IT
support and access to technology, including the 8 trading systems supported by
JitneyTrade today. In addition to having access to the Canadian equity
markets, traders will also have direct access to all North American exchanges
in equities, options and futures.
    "The dilemma that the TSX RT's face today is not dissimilar to the
situation faced by the Bourse de Montreal traders when that floor closed" says
Marc Sansregret, a 15 year veteran, manager of trading floors with the Bank
owned firms before joining JitneyTrade to lead the independent professional
division. "That was how JitneyTrade started 8 years ago and we have been
successfully supporting these types of traders on our floor ever since. We
know how to provide the right services and the lowest costs for these traders
to succeed."

    JitneyTrade is a Canadian broker founded in 2001 by a group of
professional traders who were trading on the floor of the Montreal Exchange. A
participating organization of the Toronto Stock Exchange, the TSX Venture
Exchange and the Montréal Exchange, JitneyTrade is also a member of the
Investment Industry Regulatory Organization of Canada and the Canadian
Investor Protection Fund. For further information please, visit our web site
www.jitneytrade.com.




For further information:

For further information: Francesco Pasin, President & CEO, (514)
985-8080

Organization Profile

JITNEYTRADE INC.

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