AFR reporting a new player backed by Open Markets who is the same clearer as SWF have come to market with a product for a fee of $45 a month that includes live pricing, does not take the interest in cash and is as low as $5 a trade.
A trader doing say 5 trades a day for 20 trading days per month of $20,000 per trade would pay $950 a month , with this new product that has a lot of tools , live pricing and pays interest on the CMA the fee would be $545 or 43% lower .
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