New York, January 9, 2019 - In 2018, Firstrade led the brokerage industry average for fast trade execution. From January-August 2018, Firstrade’s average trade execution speed of 0.068 seconds beat other brokerages, according to a blind comparison report of most online brokerages from S3 Matching Technologies through Apex Clearing Corporation.*
To ensure that its customers are trading with reliability and at the lowest possible cost, Firstrade works with only the best performing exchanges and market makers, which use the most powerful routing mechanisms available to minimize the amount of time for an order to reach the market.
When placing an online order to trade a stock, many investors may not be fully aware of what happens next. How their broker is actually executing the trade— at what speed and cost— can have a significant impact in determining whether trades yield good results or not.
“Traders want advanced platforms that can enable better investing decisions and actions. They are looking for three things: cost of commission, trade execution speed and price improvement. Firstrade provides all that, with free commissions on stocks, options, mutual funds and ETFs, lightning fast execution speed and one of the best price improvement statistics in the industry, all built into a brokerage suite suitable for active traders and experienced investors,” said John Liu, chairman and CEO of Firstrade Securities, Inc.
Firstrade puts its customers interests first by rigorously monitoring and reviewing its trade executions on a regular basis, paying careful attention to price, speed and accuracy to make sure its customers get the highest quality trade execution and cost savings. Firstrade is also fully committed to full transparency by providing its customers with independent third-party measurements of its execution results.
*S3 Matching Technologies is a financial services software company that provides customized solutions to monitor and analyze trade execution for options, equities, and fixed income securities
— Source: TheStreet