(New York) January 2, 2020 - Firstrade Securities Inc., a leading online commission-free brokerage firm, has completed a comprehensive infrastructure and technology upgrade of all its core trading platforms and security systems. This initiative was undertaken to provide the best possible trading experience for its customers to maximize speed, execution and security.
In the past year alone, Firstrade has doubled its investment in its core infrastructure. The initial phase of its enterprise infrastructure project has been completed with the latest multi-core processors and a high-performance network storage system that’s based on 3D-NAND flash technology.
The new platform can perform up to three times faster than Firstrade’s previous version, delivering up to 300,000 I/O per second. This upgrade in speed can make the critical difference in whether a trade is successful or not and can help achieve real cost savings as well. The company is also testing multi-cloud system architecture to provide increased availability of the best cloud services.
As one of the earliest brokers to offer commission-free trading, Firstrade has long recognized that the speed and pace of trading in today’s financial markets and the future of trading has required the company to be consistently ahead of the curve in developing and providing leading-edge technologies. With hundreds of thousands of new investors freed from transaction fees and ready to begin their own investing journey, this vision is particularly relevant in today’s markets.
“Active traders want advanced platforms to enable them to make smarter investing decisions and actions. Our exciting growth trends in new customers and accounts has coupled with our long-term commitment and investment in our core infrastructure and IT,” said John Liu, chairman and CEO of Firstrade Securities, Inc. “Since Firstrade was established in 1985, our mission has been to deliver value to our customers. This is a goal we strive to achieve each and every day— to put the needs and concerns of our customers first and provide them with the tools and resources to help make informed investing decisions about their money.”
About Firstrade Securities
Firstrade is a leading online brokerage offering a full line of investment products and tools to help self-directed investors take control of their financial future. Since its founding in 1985, Firstrade has worked to provide high value and quality services to our customers. Combining proprietary trading technology, a highly intuitive user interface, outstanding customer service and mobility applications, Firstrade is a comprehensive solution for all of your investing needs. Whether you are a new investor or an active trader, at Firstrade, we are committed to excellence, and putting the investor first. For the fifth year in a row, Firstrade was awarded 4.5 stars out of five for the website’s ease of use and also received 4.5 stars for its commissions and fees by StockBrokers.com 2018 Online Broker Review. Firstrade was selected by Kiplinger’s Personal Finance as one of the best online brokers of 2018 and was additionally honored as Best for ETF Investors and Best for Bond Investors. For more information, visit https://www.firstrade.com.