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A.B. WATLEY DIRECT, INC

Note: The following information has not been updated by the vendor since 09/17/13.

Address:90 Park Ave.
NEW YORK, NY 10016
Phone # for sales: 1888 ABWATLEY
Additional Phone #: 212 500 6500
Fax: 646 219 5506
Website: www.abwatley.com
Click link to request additional product information.
E-mail address: sales@abwatley.com

CATEGORY: BROKERAGES

General Information | Account Information | Features | Additional Comments

General Information TOP

Brokerage name: A.B. WATLEY DIRECT, INC
Minimum account size: > $10000
Base commission rates: Price varies with trading activity
Brief explanation of margin rates, if applicable: 

Very Competitive
This brokerage has been in business for: 15-20 years
Primary type of broker: Stocks, Options, Bonds
Brief description of services offered: 

FREE STREAMING REALTIME NASDAQ LEVEL II WITH FULLY INTEGRATED DIRECT ACCESS EXECUTIONS, FULL ACCESS TO ALL ECN'S PRE AND POST TRADING, RAES CONNECTED OPTIONS, STREAMING REALTIME DOW JONES NEWS, HIGHEST LEVEL of SERVICE IN INDUSTRY

Account Information TOP

Types of trading accounts offered: 
  • Full Service
  • On-Line Full Service
  • Premium Service
  • Phone (touch tone) Discount Broker
  • On-Line Discount Broker
Customers online account information is updated: Up to the minute
Types of trades offerered: 
  • Stocks
  • Bonds
  • Mutual Funds
  • Options
  • Cash markets
  • Indices
Other trade types: N/A
Types of quotes offered to customers: 
  • Real-Time
  • Nasdaq Level II
Execution methods offered: 
  • Electronic direct access trading(SOES, SNET and the ISLD ECN)
  • Online Broker(trade desk)
  • Broker
Exchanges covered: 
  • Alberta Stock Exchange
  • American Stock Exchange (AMEX)
  • Arizona Stock Exchange
  • Boston Stock Exchange
  • CBOE-Chicago Board Options Exchange
  • CBOT-Chicago Board of Trade
  • Chicago Stock Exchange
  • Cincinnati Stock Exchange
  • CME-Chicago Mercantile Exchange
  • KCBT-Kansas City Board of Trade
  • NASDAQ
  • New York Stock Exchange (NYSE)
  • OTC
  • Pacific Exchange
  • Philadelphia Stock Exchange
  • Toronto Stock Exchange (TSE)
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
  • Portfolio management
  • Wireless (quotes, alerts, execution, etc.)
  • Checking account, debit card, credit card
  • Allow naked option writing
Ways customers can access their trading account: 
  • Internet
  • Telephone
  • Broker
Allow stop, limit, and stop limit orders? Yes
Charge extra for stop, limit, and stop limit orders: No
Offer 24 hour customer support: No
Offer tax planning advice: Yes

Additional Comments TOP

Special features included in the service are: 

FREE NASDAQ LEVEL II DIRECT ORDER ROUTING, RAES CONNECTED OPTIONS, DOW JONES NEWS, UNLIMITED ACCOUNT HISTORY DOWNLOADABLE INTO QUICKEN/MICROSOFT MONEY
This broker's service is better than the competition in these areas: 

SERVICE, DATA FEES, TRADING PRODUCT CHOICES, TRADE EXECUTION
Types of security precautions taken for customers: 

Security is among our highest priorities. We afford our account holders, both WatleyTraders and UltimateTraders, some of the most advanced security technology available. WatleyTrader, our Web product, requires that all customers establish a secure, encrypted connection to the Trading and Accounts portion of our site via Netscape Navigator, Microsoft Internet Explorer browsers or AOL . We employ what is known as 128 bit Secure Socket Layer (SSL) encryption software. You self-select your own user name and password, and enter it each time you log on. Further, you can change your password at any time. If your account is inactive for more than fifteen minutes while you are online and connected to us, you are prompted to re-enter your username and password. UltimateTrader clients are not on the Web. Not only do these accounts have multi-layered password protection, but also the UltimateTrader software uses a derivative TCP/IP protocol for data transmission. In addition to state-of-the-art encryption, we implement policy procedures that dictate that any account liquidating via money transfer or monies transferred from an account, is done so only by the account holder through signed, authorized signature.
Communications during systems failures has been assured through: 

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

Systems are updated every 6 weeks

General Information | Account Information | Features | Additional Comments

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