Trader Dealer Annual Trades $1.65 billion

Low cost online trading company, Trader Dealer Online, has traded more than $1.65 billion since it was bought out of administration from the failed Opes Prime Stockbroking in April 2008

Melbourne: Trader Dealer Online announced today it has executed over $1.65 billion in trades since the company’s acquisition by MDS Financial Group in April 2008, demonstrating a significant growth in trade volumes and values.

Tom Boland, Manager of Trader Dealer Online said, “Since the acquisition of Trader Dealer Online from the Opes Prime administrators, we have been working hard to make sure that the best service is provided to our customers”. He continued to say, “We have been growing at a very fast rate during the first half of this year, and look forward to the continued growth during the next half. We have some further innovations that will be introduced to Trader Dealer customers during this period that should see our customer numbers continue to increase.”

About Trader Dealer Online

Trader Dealer Online was acquired in April 2008 and is a majority owned subsidiary of MDS Financial. In an announcement to the ASX in May 2009, MDS Financial stated its intention to take 100% ownership of TDO in the short term.

Trader Dealer Online offers execution-only services for equities, options, warrants and CFDs for the self directed online investor and trader.

The unique Block Rate Trading approach to charging brokerage appeals to professionals and ensures that retail investors and traders are able to trade like professionals without excessive brokerage costs. Retail Brokerage is a flat rate of $33 including GST for trades up to $200,000 in value (a trade of $1 million in value costs only $253.00, one of the lowest rates in the market today).

Trader Dealer’s brokerage fee allows a trade to be split into 12 different price steps in the one direction over a trading session to allow customers to better manage their orders. Trader Dealer also offers a wide range of execution options when it comes to software all of which can be found by visiting www.traderdealer.com.au.