Pro Trading Firm Has Broad Order Type Availability

You may not be aware that a professional trading firm can replace your online broker, bringing you bigger better returns at a lower cost to you.   Out of convenience, or just lack of resources, we fall to the comfort of trading with an online broker like E-Trade or Ameritrade, but there are actually much better options.  

With lower commission, faster execution for a better quality of trade, and more order types to choose from, you owe it to yourself to see how Great Point Capital can replace your online broker.

  

Directed Orders

You are probably not aware that most online brokers sell your orders to the highest bidder, which is also called “payment for order flow”.  Payment for order flow, (POF), is a widespread arrangement that has been around for quite some time in US Markets.  POF is an arrangement where a third-party firm pays the online brokers to send orders to them, instead of to the open market.  

With professional trading firms, you can direct your order however you like.  See if your online broker allows you to do any of these:

• Put your order only into dark pools, to minimize market impact
• Split your order among multiple liquidity pools, and move with the bid or offer.
• Try to buy at the midpoint, rather than paying the spread. Buying at the midpoint, rather than buying the offer price, saves you .005/share, or $5 on a 1000-share order.
• Get paid by the exchange by tagging your order as Adding Liquidity Only
• Use IEX’s new Discretionary Peg order, which is designed to predict upcoming changes to the NBBO, protecting investors against structural arbitrage.  

Professional trading firms have access to a wider variety of order types that will benefit you when either adding, or removing, liquidity.  Trading with the best matching order type with speed and quality execution is the key to higher returns.  

Great Point Capital offers the resources and knowledge to utilize the most advantageous order type, netting the best return on your investment.  

Short Stocks

Have you ever tried to sell a stock short, then your broker declines the order as ‘not available to short’?

Pro firms maintain clearing relationships with firms that have comprehensive lists of easy-to-borrow stocks.  Professional firms like Great Point Capital use third-party locate firms to fill in the gaps, and track down stock for you to borrow at reasonable costs.

Great Point Capital offers the widest selection of stocks to trade by partnering with firms that specialize in locating hard-to-borrow names.  

Advantages of Pro Trading Firms Over Online Brokers

There is a lengthy list of advantages of working with a professional trading firm over an online broker.  

With a professional firm, you immediately gain with lower exchanges fees and commissions, better quality and faster execution of your order, advantageous order type and hard to borrow stocks availability, all resulting in higher returns for you.

If you keep high-balance brokerage accounts to take advantage of opportunities in the market as they arise, or are an active trader trading more than 10k shares per day, you owe it to yourself to look at pro firms like Great Point Capital.

As a FINRA firm, GPC offers you a retail brokerage account with SIPC-insured backing and all the advantages available to professional traders.

Great Point Capital has been serving the trading community since 2001.  We are one of the very few firms able to offer access to Takion Software Platform, enhancing your trading performance with fast and high-quality order execution.  GPC offers professional and experienced wealth management.  Contact us today to speak with one of our knowledgeable trading experts and earn maximum earnings on your trades.

Pro Traders Give Quality Execution Over Online Brokers

Did you know that you can have a professional trading firm, one that specializes in complex and sophisticated trades, manage your retail investment account instead of an online broker?  People often resort to signing up with E-trade, Ameritrade or any other online broker out of convenience, and lack of a full understanding of the better alternatives.  

Not only are the fees and commissions usually much less with a pro trading firm, your level of service regarding experienced trading results in higher returns and more money in your pocket.  For a fraction of the cost you’re paying to your online broker, you owe it to yourself to find out how a professional trading firm can provide better service, higher returns, at lower costs to you.  

There is a significant difference between poor execution and quality execution when it comes to how your order is routed and executed, and the majority of online stock brokers do not know the difference.  

Professional Software

Active traders need to see real-time, true quotes, full depth of quotes, information about their open orders and positions, and filter tools to search for the best opportunities.  Utilizing professional software like Takion gives professional traders all these features right at their fingertips, and makes an enormous difference in the quality execution of your order.

The Takion trading platform is built for speed, and it won’t choke when the market gets busy.  Takion offers fully customizable windows and keys that allow the pro trader to set up their trading software exactly how they like it.  

Great Point Capital is one of the few firms with access to Takion, the professional trading platform that gives traders the competitive edge to conduct the most advantageous trades for your order.   

Quick Execution

You can miss trades when clicking through order entry screens trying to take advantage of fast-moving markets.  Paying a higher price for the stock or missing a great trade because of a delay in getting the order into the market can cost you several times what you think you’re saving with the low commission from an online broker.

If you end up paying $65.10 instead of $65.05 for 1000 shares of stock, that’s $50 out of your pocket!  That really adds up if you do it a few times a month.  Professional software like Takion is customizable to where one keystroke enters your order and routes it directly to the market, so you can jump on your price when you see it in the market.

The speed with which professional trading firms like Great Point Capital can route your orders nets you bigger returns with quality execution of your orders.

Great Point Capital is one of the very few firms utilizing the Takion Software Platform, enhancing the quality of trades with high-quality and quick order execution.  We offer experienced and professional account and wealth management, including management of retail accounts. Contact us today to learn how a professional trading firm can replace your online broker and provide bigger returns with less cost to you.  

Replace Your Online Broker with a Professional Broker

There are many differences between online brokers and professional trading firms, and you may not realize that you can have professional trader experience and dump your online broker!

Online brokers such as E-Trade, ScotTrade, Ameritrade and many others are the only way that most people find the market to make trades.  For savvy investors with an active trading style or larger balances, however, there are better options that you may not be aware of.  

A professional trading firm, one that specializes with even the most sophisticated of investors, can offer the same level of professional service to non-professional investors, in much the same way the online broker can, but with a much greater level of sophistication and technology.

A professional trading firm like Great Point Capital can give you the same retail account management, with the latest in technology, sophistication and experience for maximum trading results.  

Costs of Trading with an Online Broker vs Pro Trading Firm

Commissions

Online brokers usually charge a flat fee of anywhere from $4.95-$9.95 per trade, while this may look enticing, professional trading firms offer per-share commissions that can be much less!  

Commission fees from most professional trading firms start around $.0035/share, which equates to a 100-share order with a commission of only $0.35!

Working with a pro trading firm allows you to break your orders into smaller pieces, giving you more control with less market impact.  Rather than sending 1000 shares all at once, you can price average your entry points and work smaller orders more efficiently, resulting in much lower costs to you.  

Exchange Fees

Exchange fees are the other costs of trading at pro firms, and can vary from as much as $0.003/share to take liquidity, to being paid $0.002/share to add liquidity.

That’s exactly right - the online brokers don’t want you to know that they get paid to put your order on the market!  

Placing 1000 shares on the bid, and getting filled, means you pay only $3.50 in commissions, but also get $2.00 back from the venue, for a net commission of only $1.50!

It is very important to know and understand what all your trading fees are to buy and sell, and to be aware of any miscellaneous fees that surface.   Great Point Capital can help you in evaluating your current fee structure with an online broker, and compare to fees from a professional trading firm.  

Great Point Capital has been serving the trading community since 2001.  We are one of the very few firms utilizing the Takion Software Platform, enhancing the quality of trades with fast and high-quality order execution.  We offer professional and experienced account and wealth management, including management of retail accounts. To earn maximum earnings on your trades, contact us today to speak with one of our knowledgeable trading experts.