TORONTO, Jan. 10, 2012 /CNW/ - In November of 2011 Virtual Brokers, a
leading provider of online brokerage services and direct market access
trading technologies for investors, active and professional traders,
introduced a new commission structure , "The 99", which allows retail
clients to trade equities for as low as $0.99. This move made Virtual
Brokers the low-cost leader of on line brokerages; a move that has
proven to be popular with Virtual Brokers' customers.
"We made the decision on the new pricing structure so as to be the low
cost leader in Canadian market. We've done it and the reaction, as we
suspected, has been extremely positive", said Bardya Ziaian, President
of Virtual Brokers.
Under the pricing structure, the Minimum commission is $0.99 with a cap
of $9.99. No ECN/Exchange fees apply.
Virtual Brokers ("VB") is a division of BBS Securities Inc. ("BBS"). BBS is Canadian-owned and operated, and is registered in all
provinces and territories of Canada as an Investment Dealer. BBS is a
member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF).
BBS is also a participant of the Toronto Stock Exchange (TSX), the TSX
Venture Exchange (TSX-V), the Canadian National Stock Exchange
(CNSX), Alpha, Pure, Chi-X, and Omega.
VB specializes in providing outstanding trade execution services to
investors, traders and fund managers who demand excellence. Powered
with innovative technologies and deep understanding of financial
markets, VB provides superior products and services to all of its
SOURCE Virtual Brokers
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