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Prime Broker Services - Highlights


Prime Broker Services - Highlights Learn about Prime Brokerage Services Prime Broker Take-up Fees

 

Choose Place Trade for the best in Prime Brokerage Services

Enjoy the benefits of advanced technology, experience, strength and great client service. For the past 38 years our clearing firm (Interactive Brokers1) has focused on applying technology to every part of the trading and settlement process. Through our highly automated technology, we execute trades for our customers on over 100 exchange and market centers in 19 countries around the world. Group-wide our clearing firm clears and settles over 1,000,000 trades per day. Our global reach, substantial equity capital and low-risk business model give us a unique competitive advantage in today's rapidly changing markets.

 

Strong Balance Sheet

When it comes to choosing the right firm to meet all of your prime brokerage needs, strength and security are the key to your clients' success. Our clients enjoy the continued strength of our clearing firm's organic growth of capital from profits over the years. As part of the IB Group, our clearing firm has US $4.8 billion in equity capital2 and very low debt. The group is still approximately 90% owned by the original owners who closely manage the business.

 

 

Large Relative Equity Capital

Our clearing firm has over US $1.1 billion in regulatory net capital, which is $850 million in excess of regulatory requirements. The Firm uses proprietary software to automate broker-dealer functions and integrate its software with exchanges and trading venues into one automatically functioning, computerized platform. The orders that customers enter into our Trader WorkStation ("TWS") or other order management systems are electronically routed to the markets using proprietary order routing technology. Place Trade also uses a real-time risk management system that works behind the scenes to manage risk and enforce credit-related regulations. Place Trade requires all orders submitted for accounts held at IB to be credit checked prior to accepting the order for routing to the market. The system ensures that trades will be supported by current equity in the account and also automatically liquidates under-margined positions without making margin calls. This policy protects the firm's capital and the rest of the firm's customers as well as limiting the losses in customer accounts.

 

Low Risk Business Model

Place Trade Financial, Inc. (along with its clearing firm - Interactive Brokers LLC) is an agency broker for its customers. It does not maintain a proprietary trading desk or sales trading desk and does not trade for its own account.

 

Customer Fund Protection

As a regulated broker, Place Trade Financial, Inc. is subject to SEC and CFTC regulations regarding investment of customer funds. Permissible investment vehicles include bank deposits and a variety of top-rated government securities and related instruments. Our effective investment policy is more stringent than this, reflecting our risk-averse philosophy. We invest customer funds only in government securities and repos, FDIC-backed corporate bonds, cash deposits in bank accounts at the largest banks and triple A-rated Money Market Funds (in which we invest less than 2% of customer assets). Our investment policy is very conservative. Our strict policy when investing client money minimizes your exposure and ours in uncertain credit environments.

 

Consistent Performance

Financial professionals who find the large prime brokers too expensive to meet their needs come to us from around the world in increasing numbers. Our ongoing focus on using technology to connect to the world's markets and automate all aspects of the trading and settlement process, combined with our low-risk business model and risk-averse philosophy results in continued growth of our customers' equity.

 

 

Additional Resources

1 Includes Interactive Brokers Group and predecessor companies.
2 As of September 2010.
Place Trade Financial, Inc. is a member of FINRASIPC. Our clearing firm, Interactive Brokers LLC, is a member of NYSEFINRASIPC. Supporting documentation for any claims and statistical information will be provided upon request. Any stock, options futures or trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation of any security or securities product.  Nothing contained herein should be considered as an offer to sell or a solicitation of an offer to buy any security. Interactive Brokers does not provide investment advice.  
 
Place Trade Financial, Inc. does not provide investment advice to online trading clients/accounts, online institutional accounts or any other individual or account that is not specifically set up as a full service client and on a full service commission and fee schedule. Place Trade Financial, Inc. will only provide investment advice to full service clients that are specifically set up for full service trading and advice. (Full Service clients work with experienced financial consultants and pay full service commissions and fees which are different than online trading commissions and fees.) Place Trade Financial, Inc. does not provide tax advice to online trading clients/accounts, online institutional accounts or any other individual or account at any time.  
 

 

Prime Broker Services - Highlights

Learn about Prime Brokerage Services

Prime Broker Take-up Fees

 

For information regarding fees please call us at 1-919-719-7200.

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Products & Services > Institutional Investing > Prime Brokerage

 

 

Prime Broker Services


Prime Broker Services - Highlights Learn about Prime Brokerage Services Prime Broker Take-up Fees

Why Choose Place Trade for your Prime Brokerage Needs?  

Place Trade offers the best in global prime brokerage services along with the best in client services. Our clients enjoy the benefit of low transparent costs and financing, advanced allocation technology, innovative securities lending solutions, flexibility as well as the security, strength and experience offered via our clearing relationship with Interactive Brokers. For over 38 years, our clearing firm has been clearing and holding custody of assets around the world.

 

Consider the benefits of a fully electronic clearing and custody solution at Place Trade Financial


 

 

 

Prime Brokerage for Accounts of All Sizes

  • No minimum Assets Under Management (AUM) requirement or fees.1
  • Our Hedge Fund Capital Introduction Program, an online version of a traditional Capital Introduction program, allows Hedge Funds who use Place Trade as their exclusive Prime Broker to market their Funds to Place Trade customers who are Accredited Investors and Qualified Purchasers.
  • Portfolio Margin accounts allow increased leverage with greater safety, for accounts with a net asset value over 110K USD.
  • 24/7 institutional support and a dedicated Prime Broker Desk.

Low Transparent Costs and Financing

  • Commissions on US Stocks range from 1/20th penny to 1/2 penny per share plus exchange rebates.
  • Commissions on US options range from 7.5 cents to 75 cents per contract plus exchange rebates.
  • Commissions on US futures ranges from 0.25 cents to 0.85 cents per contract.2
  • Interbank-quality FX spreads allow you to trade the best bid and ask from multiple liquidity providers with spreads as low as ½ pip.2, 3
  • Margin rates from 1.95% to as low as 0.5%.

 

Global Custody and Clearing

  • Trade assets denominated in multiple currencies from a single account.
  • Stocks, options, bonds, and funds around the world are held and reported in a single account.
  • Trade in the currency and language of your choice.
  • Take in trades from away brokers for US products.

 

Advanced Allocation Technology

  • Allocate block orders to multiple accounts.
  • Hedge Fund Investment Managers can trade in separately managed accounts as well as Funds.

 

 

 

Strength and Security

  • Our clearing firm, Interactive Brokers, is a self-clearing Prime Broker.
  • Interactive Brokers Group (IBG LLC) exceeds $5 billion in equity capital.

 

Automated Risk Management

  • Our real-time margin system continuously enforces limits for each account, and provides traders with real-time alerts for tracking their margin cushion.
  • Use Risk Navigator, a real-time market risk management platform to unify exposure across multiple asset classes around the globe.
  • Separate trading limits available by Trader or Fund.

 

Innovative Securities Lending Solutions

  • Electronically accessed inventory of securities available for borrowing.
  • Superior short stock availability with pre-borrowing and fully transparent borrow fees that are not marked up.
  • Transparent borrow fees on hard-to-borrow stocks that are not marked up.
  • Two options to lend out fully paid-for long stock positions for added revenue.

 

Flexible Reporting

  • Flexible download files available in text or XML format.
  • Customizable Activity Statements in PDF or HTML format.
  • Ability to accept trade notification files from any broker in any format.
  • PortfolioAnalyst, our online reporting and analysis tool, lets you build customizable reports on your returns, risk and holdings and compare your results to industry benchmarks.
 

 

Please Note:
  • A 10 USD per month minimum activity fee applies if there is no trading and AUM is under 5MM USD
  • 2 Place Trade does not currently offer futures, FOREX or other commodity trading at this time, however, we anticipate adding these services in Q2-Q3 2017 so we have included information in advance for your convenience. Please feel free to give us a call if you are interested in trading these securities and we will let you know if we have a start date available.
  • 3 As of September 2010. 
 
 

Additional Resources

 
 
Place Trade Financial, Inc. is a member of FINRASIPC. Our clearing firm, Interactive Brokers LLC, is a member of NYSEFINRASIPC. Supporting documentation for any claims and statistical information will be provided upon request. Any stock, options futures or trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation of any security or securities product. Nothing contained herein should be considered as an offer to sell or a solicitation of an offer to buy any security. Interactive Brokers does not provide investment advice. Place Trade does provide investment advice to full service clients. A separate full service commission schedule applies. Please contact your advisor for more information.    
 
Place Trade Financial, Inc. does not provide investment advice to online trading clients/accounts, online institutional accounts or any other individual or account that is not specifically set up as a full service client and on a full service commission and fee schedule. Place Trade Financial, Inc. will only provide investment advice to full service clients that are specifically set up for full service trading and advice. (Full Service clients work with experienced financial consultants and pay full service commissions and fees which are different than online trading commissions and fees.) Place Trade Financial, Inc. does not provide tax advice to online trading clients/accounts, online institutional accounts or any other individual or account at any time.  
 

 

Prime Broker Services - Highlights

Learn about Prime Brokerage Services

Prime Broker Take-up Fees

 

Choose Place Trade for the best in Prime Brokerage Services! For information regarding fees please call us at 1-919-719-7200.

 

Barron's 4.5 Stars Overall Ranked #3

 

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Trade Stocks in North AmericaUS, Canada & Mexico

We offer the trading of stocks on the following market centers worldwide:

Click on any Market Center Details link below to find details on products traded, order types available, and exchange website information.

Country Market Center Details Products Hours

United States
ArcaEdge (ARCAEDGE) Stocks (OTCBB) Pre-open hours: 07:30 - 07:59 (ET)
Pre-market hours: 08:00 - 09:29 (ET)
Core trading hours: 09:30 - 4:01 (ET)
BATS BYX (BYX) Stocks 08:00 - 17:00 (ET)
BATS Global Markets (BATS) Stocks 9:30 - 16:00 (ET)
Bloomberg Tradebook (BTRADE) Stocks 09:00 - 18:30 (ET)
CBOE Stock Exchange (CBSX) Stocks 9:30 - 16:00 (ET) for stocks
9:30 - 16:15 (ET) for ETFs
Chicago Stock Exchange (CHX) Stocks 09:30 - 16:30 (ET)
16:00 - 16:30 (ET) (late trading session)
Direct Edge (DRCTEDGE) Stocks 08:00 - 20:00 (ET)
Direct Edge (EDGEA) Stocks 8:00 - 17:00 (ET)
IB VWAP Dealing Network (VWAP) Stocks (VWAPs) 00:00 - 15:00 (ET)
INET (Island) Stocks 07:00 - 20:00 (ET)
ISE Stock Exchange (ISE) Stocks 09:30 - 16:00 (ET)
Knight Securities Stocks (OTCBB) 08:30 - 16:30 (ET)
LavaFlow ECN (LAVA) Stocks 08:00 - 19:00
NASDAQ (NASDAQ) Stocks 09:30 - 16:00 (ET)-Normal
16:00 - 17:30 (ET)-Extended
NASDAQ OMX BX (BX) Stocks 9:30-16:00 (ET)
NASDAQ OMX PSX (PSX) Stocks 09:30-16:00 (ET)
National Stock Exchange (NSX) Stocks 08:00 - 18:30 (ET)
New York Stock Exchange (NYSE) Stocks 09:30 - 16:00 (ET)
NYSE Amex (NYSE AMEX) Stocks 09:30 - 16:00 (ET)
NYSE Arca (ARCA) Stocks (National Market, OTC Bulletin Board) 04:15 - 20:00 (ET)
Pink OTC Markets (PINK) Stocks 09:30 - 16:00 (ET)

Canada
Alpha ATS (ALPHA) Stocks 9:30 - 16:00 (ET)
Chi-X® Canada Stocks 8:30 - 17:00 (ET)
Omega ATS (OMEGA) Stocks 09:30 - 16:00 (ET)
Pure Trading (PURE) Stocks 09:00 - 17:00 (ET)
TMX Select (SELECT) Stocks 9:30am - 4:00pm ET
Toronto Stock Exchange (TSE) Stocks 09:30 - 16:00 (ET)
TSX Venture (VENTURE) Stocks 09:30 - 16:00 (ET)

Mexico
Mexican Stock Exchange (MEXI) Stocks 08:30-15:00 (Mexico City Time)

 

Secure Login with Security Code Card

It's easy to securely log into your Place Trade trading application, such as TWS, Account Management or WebTrader, using your Security Code Card. Simply find and enter the correct values from your card into the PassCode Authentication Box on the IB website.

Secure Login with the Security Code Card
  1. Start by logging into your Place Trade application as always, using your Place Trade username and password.
    The PassCode Card Authentication box pops up.
  2. Locate the first Index number in the authentication box. 
    In our example below, the first Index number is "100."
  3. Using your Security Code Card, locate that Index number, and look immediately to the right to find its corresponding card value. 
    In our example the Index number "100" has a corresponding card value of A3D.
  4. Type that value in the entry field of the PassCode Card Authentication box on the website.
  5. Follow steps 2 and 3 above for the next Index number.
    In our example, the second Index number is "50" and its corresponding card value is Z3V.
  6. Click the Submit button.

 

 

 

 Honors & Awards

 

Learn about our outstanding, internationally recognized awards and why more people are switching to Place Trade every day!

 

  A+ Rating Place Trade BBB
     

 

Best Online Brokers 4.5 Stars

 

 

Better Business Bureau Rating:  A+



Best Online Brokers - Barron's Magazine

           

 

Awarded 4 1/2 Stars  ~  Ranked #3 Overall Best Online Broker    ~  Best for Frequent Traders

 

Best Online Brokers 2014 - Barron's Magazine

 

 

Best Online Broker

 



Best Online Brokers - Barron's Magazine

           

 

Awarded 4 1/2 Stars  ~  Ranked #3 Overall Best Online Broker  ~  Lowest Monthly Cost  ~  Best for Frequent Traders

 

Best Online Brokers 2013 - Barron's Magazine

 

Best Online Brokers

 

 

 

"What we like most about Place Trade is that its friendly, attentive service complements IB platform."

 

~ Barron's Magazine

 



     
 

 

Barron's Awarded Place Trade:

 

4½ Stars  ~  Top 3  (Overall Ranking) 

 

# 3 Best Online Broker 2014

 

 

Additional Accolades:  

 

Best for Frequent Traders 4 Stars & Top 5 Ranking

 

 

 

 
     
 

 

Barron's named Place Trade as Best Online Broker 1 for:

 

Trading and Technology: 4.8 Stars - Highest Ranking 4.8/5.0

 

Usability: 4.6 Stars - Top 2 Ranking 

 

Mobile: 4.7 Stars - Top 2 Ranking 

 

Portfolio Analysis & Reports 5.0 (The Highest Possible Ranking!)

 

Research Amenities: 4.8 Stars - Top 2 Ranking 

 

Customer Service and Education: 4.8 Stars - Top 2 Ranking 

 

1Place Trade was tied with others that received the same individual rankings. Please review the complete rankings for more information.

 

(Barron's awarded Place Trade with 4½ out of 5 Stars for its overall rating.  (The highest overall ranking/number of stars awarded on the 2014.)

  

 
     
 

 

Barron's Magazine - Special Report - The Best Online Brokers of 2014

 

Cover Story:  The Best Online Brokers of 2014

 

 
     

 

 

 

 

Not bad for a full-service broker with online trading!

 


 

 

Barron's Awarded Place Trade:

 

 

4½ Stars  ~  Top 3 Ranking 

 

# 3 Best Online Broker 2013

 

Additional Accolades:  

 

Best for Frequent Traders 4 Stars & Top 5 Ranking

Frequent Traders - Lowest Monthly Cost - Top 5 Ranking

 

Barron's named Place Trade as Best Online Broker for:

 

Trading and Technology: 4.7 Stars - Top 3 Ranking

Usability: 4.6 Stars - Top 3 Ranking 

Mobile: 4.6 Stars - Top 5 Ranking 

Research Amenities: 4.7 Stars - Top 3 Ranking 

Customer Service and Education: 4.7 Stars - Top 3 Ranking 

 

(Barron's awarded Place Trade with 4½ out of 5 Stars for its overall rating.  (The highest overall ranking/number of stars awarded in 2013.)

 

Barron's Magazine - Special Report - Best Online Brokers 2013

 

Cover Story:  Back Online!

Barron's Online Broker Review

 

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2012 - Barron's Magazine - Best Online Brokers 

 

            Barron's Awarded 4 Stars & a Top 10 Ranking

 

 

Barron's Magazine - Special Report - Best Online Brokers 2012     

 

 

Cover Story: Cut the Cord ~ Barron's Online Broker Review

 
 

 

A+ Rating Place Trade BBB

 

 

Better Business Bureau Rating:  A+

 

 

Place Trade proudly continues to hold an A+ rating with the BBB!

 

 

 

Learn why our clients are so happy and why you should switch to Place Trade today.

 

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Additional Honors for our CEO: Sarah M. Place, MBA

 

 

 

 

2016 - Largest Financial Planning Firms in the Triangle

 

2015 - Largest Financial Planning Firms in the Triangle

 

2014 - Largest Securities Brokerages in the Triangle

 

2009 - Sarah Place awarded the first annual Good Samaritan Award at CFO of the Year Awards - Triangle Business Journal

 

2007 - Sarah Place was recognized by the Triangle Business Journal as a 2007 Women in Business Award winner.

  

 

 

 2010 - Sarah Place awarded CFO of the Year - Business Leader Magazine

 

           - Sarah Place awarded 1st Annual Movers& Shakers Award - Business Leader Magazine

 

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Learn more about our Founder & CEO, Sarah M. Place

  

To schedule an interview with Sarah M. Place, MBA Please contact Anneliese Curtis at 919.719.7200

 

 

Barron's named Place Trade as Best Online Broker for:

Trading and Technology: 4.7 Stars - Top 3 Ranking (Tied #3 highest rating)

Usability: 4.6 Stars - Top 3 Ranking (Tied #2 highest rating)

Mobile: 4.6 Stars - Top 5 Ranking (Tied #4 highest rating)

Research Amenities: 4.7 Stars - Top 3 Ranking (Tied #2 highest rating)

Customer Service and Education: 4.7 Stars - Top 3 Ranking (Tied #2 highest rating)

 

Please Note;

This list is not all inclusive. The information is updated regularly, so please check back frequently.

 

Honors & Awards ~ Best Online Broker, Best Customer Service, Best Trading Platforms & Lowest Cost ~ Place Trade is honored to receive 4 1/2 Stars and a Top 3 overall ranking by Barron's Magazine.

Open an Account and experience the difference! You will quickly see why more people are switching to Place Trade every day!

 

PlaceTrade Review 2015 - Brokerage Reviews, Place Trade Review 2016 - Broker Reviews, stockbroker review, stock broker review, online options broker, best options broker, Online Broker Review

 

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Find out more about our Founder and CEO, Sarah M. Place

 

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Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

Qualified Plans

Rollover IRAs

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts

 

 

 

 

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