US-based securities firm Success Trade has launched its own direct access trading software which will enable individuals to trade stocks at $5 per transaction plus ECN fees.
Success Trade also intends to license the software to other brokerage firms, making it one of the few firms in the US willing to license its software to other broker-dealers and financial institutions.
Fuad Ahmed, president and CEO of Success Trade, says: "This is a major milestone in the growth of Success Trade. We are giving individuals direct access to trading at one of the lowest fee levels in the country. In addition, we are going to allow widespread use of this new software by licensing it to other firms."