|
General Information |
| Brokerage name: Worldco Financial Services
|
| Minimum account size: > $10000
|
| Base commission rates: < $4
|
Brief explanation of margin rates, if applicable:
N/A
|
| This brokerage has been in business for: 10-15 years
|
| Primary type of broker: Instant order execution-Stocks
|
Brief description of services offered:
N/A
|
|
|
|
Account Information
|
Types of trading accounts offered:
|
| Customers online account information is updated: Up to the minute
|
Types of trades offerered:
|
| Other trade types: DVP/RVP, Institutional, Prime Brokerage
|
Types of quotes offered to customers:
| Real-Time
|
Nasdaq Level II
|
|
Execution methods offered:
| Electronic direct access trading(SOES, SNET and the ISLD ECN)
|
Online Broker(trade desk)
|
Broker
|
|
Exchanges covered:
| American Stock Exchange (AMEX)
|
Boston Stock Exchange
|
CBOE-Chicago Board Options Exchange
|
Chicago Stock Exchange
| |
| NASDAQ
|
New York Stock Exchange (NYSE)
|
OTC
|
Pacific Exchange
| |
| Philadelphia Stock Exchange
|
|
| Setup or initial costs to set up an account: 0
|
|
|
|
Features
|
Types of services offered to customers:
| Technical Analysis
|
Fundamental Analysis
|
Basic -charts & graphs
|
Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
| |
| Trading software- charts & graphs (create trading systems, scan and sort based on technical criteria)
|
Head line news
|
|
Ways customers can access their trading account:
|
| Allow stop, limit, and stop limit orders? Yes
|
| Charge extra for stop, limit, and stop limit orders: No
|
| Offer 24 hour customer support: No
|
| Offer tax planning advice: No
|
|
|
|
Additional Comments
|
Special features included in the service are:
Worldco operates as a technology provider to hedge funds and other institutions, offering a turnkey solution to accessing the markets and information electronically.
|
This broker's service is better than the competition in these areas:
1) Cost: Worldco is self-clearing. No middleman translates to lower execution fees and commissions 2) Execution Quality 3) Automated Give-up/Broker-credit system 4) IE-Blotter: Proprietary accounting system that easily interfaces with other back-office systems
|
Types of security precautions taken for customers:
Firewalls, Certificates, Password Generation
|
Communications during systems failures has been assured through:
1) Telephone 2) E-mail 3) Compass, a proprietary messaging system
|
The major plans for upgrading the current level of trading service are as follows:
With over 25 in-house programmers Worldco is dedicated continually grow and evolve our systems and services to serve customer needs
|
