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General Information |
| Brokerage name: Lieber & Weissman Sec., L.L.C.
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| Minimum account size: > $10000
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| Base commission rates: N/A
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Brief explanation of margin rates, if applicable:
1.5% above Broker Call. Stock Commission rates are professional-per share(no ticket)-volume discounts in excess of 500,000 shares per month.
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| This brokerage has been in business for: 2-5 years
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| Primary type of broker: Instant order execution-Stocks
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Brief description of services offered:
Lieber & Weissman Sec., L.L.C. is a nationally known provider of stock clearing & execution services for professional traders. We feature "ROX" & SLK "REDI+"software. Basket trading. Full remote access. For professional traders only.
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Account Information
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Types of trading accounts offered:
| Full Service
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On-Line Full Service
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Premium Service
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| Customers online account information is updated: Next day
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Types of trades offerered:
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| Other trade types: N/A
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Types of quotes offered to customers:
| Real-Time
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Nasdaq Level II
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Execution methods offered:
| Electronic direct access trading(SOES, SNET and the ISLD ECN)
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Online Broker(trade desk)
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Broker
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Exchanges covered:
| American Stock Exchange (AMEX)
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Boston Stock Exchange
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CBOE-Chicago Board Options Exchange
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Chicago Stock Exchange
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| Cincinnati Stock Exchange
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NASDAQ
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New York Stock Exchange (NYSE)
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Pacific Exchange
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| Philadelphia Stock Exchange
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| Setup or initial costs to set up an account: Depends on type of account
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Features
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Types of services offered to customers:
| Technical Analysis
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Basic -charts & graphs
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Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
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Trading software- charts & graphs (create trading systems, scan and sort based on technical criteria)
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| Head line news
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Unique proprietary stories and news coverage
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Ways customers can access their trading account:
| Internet
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Telephone
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Broker
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| Allow stop, limit, and stop limit orders? Yes
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| Charge extra for stop, limit, and stop limit orders: No
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| Offer 24 hour customer support: No
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| Offer tax planning advice: No
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Additional Comments
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Special features included in the service are:
Lieber & Weissman Sec., LLC offers services for professional stock traders only. Series 7 brokerage license required. We will sponsor candidates with at least one year trading experience. Our services are for professional traders only.
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This broker's service is better than the competition in these areas:
Order execution,trading software,trader services. We offer some most advanced "direct access" order execution software for professional traders.10 to 1 margin for daytrading. We offer after hours trading on REDI and ISLD ECN's. Our trading desk is opebn 8AM-8PM (EST).
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Types of security precautions taken for customers:
Microsoft (Virtual Private Network) software for secure Internet(VPN) trading. All systems are password protected and encoded. Our servers are are "firewall" protected with the latest technology.
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Communications during systems failures has been assured through:
Lieber & Weissman Sec., LLC is connected to Spear, Leeds & Kellog's (SLK) proprietary network in NYC , with backup systems in Jersey City , NJ. Lieber & Weissman has three order execution systems , Multiple T-1 WAN connections to Spear, Leeds & Kellogg's(SLK) proprietary network . Lieber & Weissman Sec., L.L.C. has a backup risk management desk in Berwyn,Pa. connected to SLK's proprietary network .
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The major plans for upgrading the current level of trading service are as follows:
Lieber & Weissman Sec., LLC is a pioneer in "direct access" trading systems for professional traders. "REDIFIX" is now available for systems traders connecting through REDI+ in C++ or COM. Custom programming for connecting to the REDIFIX interface is available , contact our desk for more information at 212-509-4300.
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