Published: July 26, 2010
JunoTrade Online Trading Firm Debuts with Flat Fee Pricing of $4.95 for Both Equity and Option Trades and 95 Cents Per Contract for Options
AUSTIN, Texas - (BUSINESS WIRE) - JunoTrade Corporation ("JunoTrade" ) recently launched their online
trading site to offer investors the opportunity to buy
stocks online for a low, flat per-trade fee. The same low, flat
per-trade fee will be available to investors looking to buy
stock options as well. JunoTrade
offers investors a choice between JunoTrade
Pro, a traditional software-based trading platform with a full suite
of trader tools designed with active traders in mind and JWeb,
which offers ease and functionality through a more readily accessible
online platform that allows investors direct access to the stock
market. In addition, JunoTrade offers JWebPro a full streaming
web-based trading platform built on Microsoft's Silverlight technology
which allows JunoTrade "Pro" trading platform to run on Windows,
Macintosh, and Linux.
Unique among online firms, JunoTrade allows extensive customization in
how trades, open positions and market information is displayed, letting
customers realize their own visions for the optimal brokerage experience
in accessing the stock
market.
"JunoTrade will look to lead the retail marketplace by introducing
flat-fee pricing and user-friendly, customizable technology backed by
the experience and expertise of industry veterans," says JunoTrade CEO John
McMorris, a securities industry veteran and former CTO and CIO of
CyberTrader and ShareBuilder respectively. "Clients will be drawn to our
technology because of its power, and the ease of use and flexibility it
affords them. Retail investors will finally have the tools and speed
that professionals enjoy and not have to pay outrageous fees for it. Our
clients will have access to the stock market at their fingertips with
the ability to buy
stocks or to buy
options online in their own individual style."
Flat Fee Price Structure
JunoTrade provides a simple, transparent price structure: The commission
on each stock
trade will be $4.95 per trade, regardless of the size of the trade. Option
trades will enjoy the same flat $4.95 rate with a $0.95 per contract
fee. "During our research phase, we found that the average investor was
very often confused and frustrated by complex price structures that rely
on escalating per-contract rates or a variety of back-end fees,"
McMorris says. "JunoTrade will eliminate these hidden and confusing
trading costs, allowing clients to focus on trading."
Advanced Technology
The JunoTrade.com platform took two-years to develop and test. It
provides clients with an array of industry leading tools and options
that respond to the most demanding trading needs of professional traders.
"We've incorporated cutting edge technology to increase ease of use and
functionality in accessing the stock market on our platform," says
JunoTrade VP of Marketing Daniel Micovic. "JunoTrade customers will get
a trading site that was designed with their needs in mind. The site was
designed to simplify and at the same time enhance both their stock and
option trading experiences. We used common logic throughout our platform
to simplify the trading process. Whether they're looking to buy
stocks or to buy
stock options, the process will be streamlined."
"Through JunoTrade, clients will get access to state-of-the-art trading
tools - and will get closer to the stock market trading floor than ever
before."
JunoTrade Corporation provides retail investors with online
trading at a low, flat fee of $4.95 plus $0.95 per contract for
option trades and $4.95 per stock trade, regardless of size, through its
website, JunoTrade.com. JunoTrade also provides end-to-end trading
solutions to hedge funds, broker dealers and other institutional clients.
www.JunoTrade.com
is an online firm that offers investors access to the stock market and a
cutting edge suite of trader tools via both its JunoTrade Pro software
trading platform as well as their convenient and reliable browser-based
trading platform, JWeb. JunoTrade features dynamic, customizable
screens, transparent commissions and high-quality, informed customer
service. The company's management team comprises former executives at
Charles Schwab, ShareBuilder, CyberTrader, TD Ameritrade and other
leading brokerages.

JunoTrade Corporation
Daniel Micovic, 312-909-9798
d.micovic@junotrade.com
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