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General Information |
| Brokerage name: Price Systems
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| Minimum account size: $3000-$5000
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| Base commission rates: $40-$50
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Brief explanation of margin rates, if applicable:
Margin rates are exchange minimum.
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| This brokerage has been in business for: 5-10 years
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| Primary type of broker: Futures
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Brief description of services offered:
Price Systems is a division of The Price Futures Group that offers a variety of registered trading systems along with the finest of full service brokerage services. After discussing your trading goals and risk parameters the qualified brokers will evaluate which of the available system(s) best suit your trading needs. The broker has the ability to follow the system automatically for you while keeping you abreast of your daily activity via phone or email.
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Account Information
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Types of trading accounts offered:
| Full Service
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Premium Service
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| Customers online account information is updated: Delayed (< 1 day)
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Types of trades offerered:
| Bonds
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Options
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Futures
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Indices
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| Other trade types: Foreign Exchange
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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:
| CBOT-Chicago Board of Trade
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CME-Chicago Mercantile Exchange
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CSCE-Coffee Sugar & Cocoa Exchange, Inc.
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KCBT-Kansas City Board of Trade
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| LIFFE-London International Financial Futures Exchange
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MATIF-France's Futures & Options Exchange
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MEFF-Spain's Futures & Options Exchange
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MidAm-Mid-America Commodity Exchange
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| Minneapolis Grain Exchange
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NASDAQ
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NYCE-New York Cotton Exchange
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NYMEX & COMEX-New York Mercantile 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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Head line news
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| Unique proprietary stories and news coverage
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Portfolio management
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Wireless (quotes, alerts, execution, etc.)
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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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Mail
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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: Yes
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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:
Will trade a system automatically for you Will educate new traders
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This broker's service is better than the competition in these areas:
While the commission rate is competitive, we offer our clients superb service. We can manage your account without a management fee.
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Types of security precautions taken for customers:
We catch mistakes when the client enters an order before the order is sent to the floor (assuming the client is not trading via the internet).
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Communications during systems failures has been assured through:
We always ask for a protective stop when an entry order is placed.
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The major plans for upgrading the current level of trading service are as follows:
N/A
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