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 clients. www.virtualbrokers.com
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