(El Segundo, CA) – September 3, 2008 – MB Trading (“MBT”), a financial services company, announced Tuesday that it has added COMEX symbols for trading on the MBT Navigator, its Award-Winning, On-Line Trading Platform. The COMEX metals contracts include full-sized Gold, Silver, Copper, and Aluminum, as well as MiNY Gold, Silver, and Copper. The complete list of contracts and margin requirements can be found on MB Trading’s website (http://www.mbtrading.com/futures.asp ).
The move demonstrates the flexibility of the MBT Navigator and routing system. “We can combine the breadth of our execution algorithms and trading platform with our relationships with key exchanges to expand our offerings and provide traders around the globe with access to an ever-expanding variety of symbols,” said Ross Ditlove, CEO of MB Trading. “As the world’s trading markets become more and more interconnected, we’re poised to provide any solution that traders need in one reliable package.”
Recent mergers have linked the NYMEX/COMEX exchange with the CME, which allows the COMEX products to be traded from Sunday through Friday via the CME Globex trading platform. A 45-minute break in trading occurs each day between 5:15 pm and 6:00 pm EST. The MiNY versions of the gold, silver, and copper contracts are 50% of the size of their respective standard-sized metals contracts. Unlike other discount on-line competitors, MB Trading’s fees for the new symbols are all-inclusive. No minimum commission is charged for small-sized trading.
The addition of COMEX symbols to the MBT Navigator is designed to meet the growing needs of international traders in all markets. "The nature of the trading markets has changed so much over the last decade since the original on-line equity boom. More and more, we see that even our average on-line trader has interests in other asset classes, such as the metals. We will continue to evolve our offerings to match the sophistication of our customers," said David Lipsett, Executive Vice-President of MBT.
About MB Trading:
MB Trading offers online stocks, options, futures, and Forex trading through their proprietary platform, the MBT Navigator. Securities products are offered through MB Trading, member FINRA, SIPC. MB Trading Futures, Inc. (MBTF) is a CFTC registered FCM and member of the NFA. MBTF offers execution and settlement services for futures based products, as well as off-exchange foreign currency (Forex) products through MB Trading.
About COMEX
COMEX, originally known as Commodity Exchange, Inc., is a division of the New York Mercantile Exchange. COMEX is the primary market for trading metals such as gold, silver, copper and aluminum. Based in New York City in the United States, COMEX provides investment opportunities to investors all over the world
Disclosures
(1) Trading in exchanged-traded futures products (Futures) is speculative in nature and may not be appropriate for all investors. Investors should only use risk capital when trading Futures because there is always the risk of substantial loss.
(2) The high degree of leverage that is often obtainable in futures trading because of the small margin requirement can work against you as well as for you. Leverage can lead to large losses as well as gains.
(3) Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
All trademarks are the property of their respective owners.
Contacts:
Manhattan Beach Trading, Inc., David Lipsett - d.lipsett@mbtrading.com
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