Generic Trade Futures & Options

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Note: The following information has not been updated by the vendor since 10/11/10.

Address:	210 Skokie Valley Rd
	Highland Park, IL 60035
Phone # for sales:	800 707 2006
Website:	generictrade.com
Click link to request additional product information.
E-mail address:	info@generictrade.com

CATEGORY: BROKERAGES

General Information | Account Information | Features | Additional Comments

General Information TOP

Brokerage name: Generic Trade Futures & Options

Minimum account size: < $1000

Base commission rates: < $4

Brief explanation of margin rates, if applicable:

Generic Trade offers the lowest possible margins allowed by the exchanges and we offer aggressive day-trading margins as well.

This brokerage has been in business for: < 2 years

Primary type of broker: Futures

Brief description of services offered:

Generic Trade is a discount brokerage firm specializing in online futures and options trading. It offers the latest technology with unparalleled speed, reliability and functionality, provided by a cutting edge trading infrastructure. All accounts regardless of size or volume are 59 cents commission per trade.

Account Information TOP

Types of trading accounts offered:

Phone (touch tone) Discount Broker
On-Line Discount Broker

Customers online account information is updated: Up to the minute

Types of trades offerered:

Options
Futures

Other trade types: N/A

Types of quotes offered to customers:

Real-Time

Execution methods offered:

Electronic direct access trading(SOES, SNET and the ISLD ECN)
Online Broker(trade desk)
Broker

Exchanges covered:

CBOT-Chicago Board of Trade
CME-Chicago Mercantile Exchange
KCBT-Kansas City Board of Trade
Minneapolis Grain Exchange

Setup or initial costs to set up an account: 0

Features TOP

Types of services offered to customers:

Technical Analysis
Fundamental Analysis
Basic -charts & graphs
Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
Trading software- charts & graphs (create trading systems, scan and sort based on technical criteria)
Head line news
Unique proprietary stories and news coverage
Allow naked option writing

Ways customers can access their trading account:

Internet
Telephone

Allow stop, limit, and stop limit orders? Yes

Charge extra for stop, limit, and stop limit orders: No

Offer 24 hour customer support: Yes

Offer tax planning advice: No

Additional Comments TOP

Special features included in the service are:

The same ultra low rates for all accounts, regardless of volume or account size.

This broker's service is better than the competition in these areas:

The speed and reliability of our infrastructure as well as our proprietary platform technology.

Types of security precautions taken for customers:

There is second data center located cross country (for additional security) in Silicon Valley which is run with Chicago in a load balancing environment, so any %91non-optimal event' in either center would be completely insulated from the client. Finally, for further integrity everything is run N+N (power) or N+1/N+2 (equipment and processes).

Communications during systems failures has been assured through:

24 hour trade desk and complete network redundancy.

The major plans for upgrading the current level of trading service are as follows:

Our network is built for significant scalability and as such we have an additional 90% capacity available to us.

General Information | Account Information | Features | Additional Comments

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