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General Information |
| Brokerage name: Wall Street Access
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| Minimum account size: > $10000
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| Base commission rates: $20-$30
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Brief explanation of margin rates, if applicable:
N/A
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| This brokerage has been in business for: 15-20 years
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| Primary type of broker: Stocks, Options, Bonds
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Brief description of services offered:
Discount brokerage services for the sophisticated individual trader or institution. Wall Street Access is independently owned and operated - we fight to try to get you quality execution.
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Account Information
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Types of trading accounts offered:
| Premium Service
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Phone (touch tone) Discount Broker
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On-Line Discount Broker
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| Customers online account information is updated: End of trading day
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Types of trades offerered:
| Stocks
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Bonds
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Mutual Funds
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Options
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| Cash markets
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Industry groups
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Indices
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| Other trade types: After Hours Trading (7am-9:30am and 4pm-6:30pm and 7:30pm-9pm)
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Types of quotes offered to customers:
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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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CBOE-Chicago Board Options Exchange
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NASDAQ
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New York Stock Exchange (NYSE)
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| OTC
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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: 0
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Features
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Types of services offered to customers:
| Basic -charts & graphs
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Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
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Head line news
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Unique proprietary stories and news coverage
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| Portfolio management
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Checking account, debit card, credit card
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Allow naked option writing
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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:
Access to complimentary research from: Zacks, TheStreet.com, Briefing.com, Deutsche Bank Alex Brown Securities 'Morning Notes', CBS MarketWatch
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This broker's service is better than the competition in these areas:
Execution - We are independently owned and operated and work your trade and fight to get you quality execution. Fast Phone Answer - Even in the busiest of markets. Experienced Brokers - Personally working your orders. Complex trades online - Spreads and straddles.
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Types of security precautions taken for customers:
We use password authentication, encrypted communications, and firewall systems.
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Communications during systems failures has been assured through:
We maintain redundant, diversely routed dedicated connections to the Internet. We have installed multiple web servers and load sharing equipment to guard against downtime or impairment of a single server. Our internal network is designed so that a failure of any one component can not produce a total outage. We maintain redundant equipment and alternate communication means to our key suppliers. In the event of a problem in accessibility to our web site, we have significant voice communication capacity above our normal operating maximum requirements so we can accept and handle customer orders via toll-free phone numbers.
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The major plans for upgrading the current level of trading service are as follows:
We are in the process of rolling out a new online trading system which will significantly benefit the customer: Update and review multiple trading accounts in one screen, access multiple accounts with a single login, save orders for later submission.
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