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General Information |
| Brokerage name: A.B. WATLEY, INC
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| Minimum account size: $2000-$3000
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| Base commission rates: $9-$10
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Brief explanation of margin rates, if applicable:
N/A
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| This brokerage has been in business for: > 40 years
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| Primary type of broker: Stocks
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Brief description of services offered:
FREE STREAMING REALTIME NASDAQ LEVEL II WITH FULLY INTEGRATED EXECUTION, FULL ACCESS TO ALL ECN'S PRE AND POST TRADING RAES CONNECTED OPTIONS, STREAMING REALTIME DOW JONES NEWS
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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: Up to the minute
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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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Indices
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| Other trade types: N/A
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Types of quotes offered to customers:
| Delayed Data
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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:
| Alberta Stock Exchange
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Arizona Stock Exchange
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Boston Stock Exchange
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CBOE-Chicago Board Options Exchange
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| CBOT-Chicago Board of Trade
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Chicago Stock Exchange
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Cincinnati Stock Exchange
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KCBT-Kansas City Board of Trade
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| Minneapolis Grain Exchange
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NASDAQ
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OTC
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Philadelphia Stock Exchange
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| San Diego 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:
| Technical Analysis
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Fundamental 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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Portfolio management
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Wireless (quotes, alerts, execution, etc.)
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| Checking account, debit card, credit card
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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: Yes
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| Offer 24 hour customer support: Yes
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| Offer tax planning advice: Yes
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Additional Comments
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Special features included in the service are:
FREE NASDAQ LEVEL II DIRECT ORDER ROUTING, RAES CONNECTED OPTIONS, DOW JONES NEWS, UNLIMITED ACCOUNT HISTORY DOWNLOADABLE INTO QUICKEN/MICROSOFT MONEY
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This broker's service is better than the competition in these areas:
SERVICE, DATA FEES, PRODUCT RANGE, 100% SIMALTANEOUS CLIENT CAPACITY
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Types of security precautions taken for customers:
Security is among our highest priorities. We afford our account holders, both WatleyTraders and UltimateTraders, some of the most advanced security technology available. WatleyTrader, our World Wide Web product, requires that all customers establish a secure, encrypted connection to the Trading and Accounts portion of our site via Netscape Navigator, Microsoft Internet Explorer browsers (version 2.0 or higher) or AOL 3.0. We employ what is known as 128 bit Secure Socket Layer (SSL) encryption software. You self-select your own user name and password, and enter it each time you log on. Further, you can change your password at any time. If your account is inactive for more than fifteen minutes while you are online and connected to us, you are prompted to re-enter your username and password. UltimateTrader clients are not on the World Wide Web. Not only do these accounts have multi-layered password protection, but also the UltimateTrader software uses a derivative TCP/IP protocol for data transmission. For those of our clients that use the Dedicated Port Service, you are connecting via a private password protected network that is not even accessible via the Internet. This is technically known as an "IP blackout". In addition to state-of-the-art encryption, we implement policy procedures that dictate that any account liquidating via money transfer or monies transferred from an account, is done so only by the account holder through signed, authorized signature.
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Communications during systems failures has been assured through:
TELEPHONE AUTOMATED TRADING
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The major plans for upgrading the current level of trading service are as follows:
MAINTAIN 100% CAPACITY
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