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Subject:  Re: Trademonster Bond Platform Date:  7/3/2013  10:23 AM
Author:  just1trader Number:  34999 of 35625


I do not yet have an account with TradeMonster. I have only watched their demo per your ‘heads up’ that they might be a broker worth looking at. Of the platforms I’m familiar with (Schwab’s, Fidelity’s, Scottrade’s, E*Trade’s, Zion Direct’s, TD AmeriTrade’s, and Interactive Brokers’), that offered by TradeMonster is clearly superior. However, at $15 per ticket, the costs to execute through them seem --at first glance-- to be a bit high. So these three questions would need to be answered.

QUES #1: Are you trading in a size that would overcome the costs?

ANS: A typical bond commish elsewhere is $1/bond, $8-$10 per ticket. On a 20-bond trade, an investor would be better off with TradeMonster. But Zions charges $9.95 per ticket. So you’d be better off there *if* commish were your only concern, and their search-engine is decent enough, plus it offers the ability to download the output of a search to Excel, which is where a lot of the analytical work is going to be happ