Agreement Provides First Commission-Free Brokerage Access to C2 Futures Trading Systems
COLUMBUS, Ohio, May 10, 2017 – Tradovate, LLC, an online brokerage firm for active, self-directed futures traders, and Collective2 (C2), the online platform which connects investors with trade leaders, announced today that Tradovate has now integrated C2 into its offering, providing the first commission-free brokerage access to C2 futures trading systems.
Collective2 is a marketplace where independent traders and investors can choose, follow and automatically trade via their brokerage the strategies of a “trade leader.” Tradovate is the first futures brokerage firm to offer unlimited commission-free trading for a flat price, instead of the industry-standard commission structure. The agreement between the firms enables Tradovate clients in the “Active” or “Advanced” membership categories to trade C2 systems in their existing accounts for no extra charge.
Tradovate Holdings, LLC Founder and CEO Rick Tomsic said: “Our clients, who are active traders, can benefit from this integration as either a ‘trade leader’ whose strategies C2 clients can follow, or as an ‘investor’ following trade leaders, and the potential advantages are significant either way. We also will welcome those C2 clients who want the ability to follow a leader’s strategies and auto-trade futures without worrying about the accumulation of transaction costs. This integration further reinforces our commitment to adding value to Tradovate clients with a straightforward offering and access to outstanding third-party capabilities.”
Matthew Klein, CEO of Collective2 LLC, said: “We’re excited to offer commission-free trading to Collective2 users. Transaction costs can be a significant factor in trading strategy performance. The flat, monthly fee structure that Tradovate offers is going to be very attractive to any Collective2 customers who trade futures. In addition, Tradovate’s integration with Collective2 means that anyone with a Tradovate brokerage account will be able to publish their trading record on Collective2 automatically, and potentially attract followers to their trading.”
Thousands of trading strategies have been tracked by the Collective2 platform. Investors can examine these track records, and — if they see one they like — can link it to a brokerage account so that trades are executed automatically. Tradovate accounts continue to be self-directed, with customers having the ability to turn on and turn off strategies in real time, to add new strategies and even to control trade sizes.
Operating out of Columbus, Ohio, Tradovate, LLC launched in April 2016 as an online futures brokerage firm dedicated to meeting the needs of active traders. The firm offers a modern, cloud-based futures trading platform and unlimited, commission-free trading for a flat price. Tradovate powers futures trading from anywhere, with complete access to download the platform for Windows and/or Mac, log in on the web with Chrome and other browsers, and go mobile on iPhone, iPad and Android devices – all included with no platform licensing, order routing or mobile app fees. For more information, please visit www.tradovate.com.
Founded in 2001, Collective2 is an investing website with more than 100,000 registered users. Great traders from around the world ask Collective2 to track their trading results in real-time. Other investors can “subscribe” to these traders, and can automatically follow their trades in their own brokerage account. Over $50 million of investor capital is linked to strategies on the Collective2 platform.
Ellen G. Resnick
Crystal Clear Communications
773-929-9292; 312-399-9295 (cell)