BoxRed/Merkin subsidiary Trader Dealer Online launches new CFD service
Merkin Group Company BoxRed subsidiary Trader Dealer Online Pty Ltd today announces the launch of a brand new CFD service which provides customers with the capability to execute share, option, warrants and CFD orders all from the one trading platform.
BoxRed’s joint venture partner publicly listed MDS Financial Group Ltd is currently seeking Shareholder approval to sanction the sale of BoxRed’s shares to MDS Financial Group Pty Ltd. In the meantime Trader Dealer Online Pty Ltd continues to enhance expand and develop its product offerings.
Trader Dealer Online has joined forces with one of the market leaders “MF Global”, to launch a new CFD business utilising the unique Trader Dealer Online “Block Rate Trading” pricing structure.
Tom Boland, Manager of Trader Dealer Online states, “There has been a great deal of demand for CFD trading from our existing Trader Dealer clients, so we are very excited to be able to offer CFD trading coupled with the unique pricing structure Trader Dealer currently offers their Shares, Warrants and Option customers.” He continues to say “we expect the unique “Block Rate Trading” rates to bring a new dimension to the way CFD brokerage is charged, and when you combine this with the renowned excellent customer service that we provide, I am positive that Trader Dealer Online are going to do a fantastic job of servicing the CFD traders among us.”
James Gerrish, CFD Trading Manager of Trader Dealer Online also added “the introduction of block rate trading is totally unique to the Australian CFD market. Active traders can really benefit from the cost savings of block rate trading while the flexibility of combining multiple trades on one confirmation will prove popular. For instance a trader may place 10 separate buy orders in BHP throughout the day, for a total value of $100,000 and only pay a block brokerage rate of $66.”
This exciting new service is available now www.traderdealer.com.au
About MDS Financial Group
MDS Financial Group Ltd (publicly listed on the Australian Stock Exchange ASX: MWS) creates specialist stock market investment software utilising the experience gained through 14 years of software development with a primary focus on developing solutions for investors and traders interested in gaining a greater understanding of the ASX and other markets.
The Bourse and MDSnews Market Analyser are our products which are well established in the Australian Market .Both have developed an excellent reputation for been the market leaders for those investors and traders looking for a sophisticated technical analysis solution while remaining functional and easy to use.
MDS has a daily research product, which identifies opportunities in the market and communicates them via our specifically created HTML stock recommendation and tracking engine.
Free Trials to our two software solutions and our daily research product can be found at www.mdsfinancial.com.au
About Trader Dealer Online
Trader Dealer Online was acquired in April 2008 and is a majority owned subsidiary of MDS Financial. MDS announced to the ASX in May that it is the intention of MDS Financial to take 100% ownership of TDO in the short term.
Trader Dealer Online offers execution-only services for equities, options, warrants and CFD for the self directed online investor and trader.
The unique Block Rate Trading approach to charging brokerage appeals to professionals and ensures that retail investors and traders are able to trade like professionals and not have to worry about excessive brokerage costs.
Retail Brokerage is a flat rate of $33 including GST for trades up to $200,000 in value (a trade of $1 million in value costs only $253.00, one of the lowestrates in the market today). TDO’s brokerage fee allows a trade to be split up to 12 separate trades in the one direction over a trading session to allow investors our clients to manage their orders. TDO also offers a wide range of execution options when it comes to software all of which can be found by visiting www.traderdealer.com.au
For more information please contact:
| Damian Isbister | Tom Boland |
| CEO – Software and Online Trading | Manager |
| MDS Financial Group Limited | Trader Dealer Online |
| P: +61 3 9617 0605 | P: +61 3 9617 0641 |
| M: +61 404 028 114 | M: +61 415 384 955 |
Download Trader Dealer Online Press Release here