02.03.2011 15:00:00
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Interactive Brokers Announces Commission-Free Trading Of FactorShares ETFs
Interactive Brokers announces commission-free trading of the first five exchange traded funds launched by Factor Advisors LLC to clients using its award-winning Trader Workstation platform.
Interactive Brokers will offer its clients commission-free trading of the first family of spread ETFs under the FactorShares™ name launched in February 2011.
Commission-free trading currently applies to the first five FactorShares products:
-- FactorShares 2X: S&P500 Bull/TBond Bear | (NYSE Arca: FSE) | ||
-- FactorShares 2X: TBond Bull/S&P500 Bear | (NYSE Arca: FSA) | ||
-- FactorShares 2X: S&P500 Bull/USD Bear | (NYSE Arca: FSU) | ||
-- FactorShares 2X: Oil Bull/S&P500 Bear | (NYSE Arca: FOL) | ||
-- FactorShares 2X: Gold Bull/S&P500 Bear | (NYSE Arca: FSG) |
"FactorShares offers our clients a streamlined, cost-effective approach to spread trading,” said Thomas Peterffy, CEO of Interactive Brokers. "With one commission-free trade, our clients can now access the daily spread between major asset classes within a single ETF position.”
"Factor believes that Interactive Brokers will help to place the FactorShares spread ETFs in front of their savvy brokerage clients, alerting them to this new approach to alternative ETF investing,” said Karlheinz Muhr, Chairman of Factor Advisors. "For this reason, we are pleased that Interactive Brokers agreed to promote commission-free trading of FactorShares with no minimum holding period and no short-term trading fees.”
Interactive Brokers has agreed to waive the flat-rate and cost-plus brokerage commissions for transactions in FactorShares ETFs and will not impose short-term trading fees1. For more information please visit www.interactivebrokers.com/factorshares.
About Interactive Brokers
Interactive Brokers Group, Inc., together with its subsidiaries, is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures, foreign exchange instruments, bonds and funds on more than 90 electronic exchanges and trading venues around the world. As a market maker, we provide liquidity at these marketplaces and, as a broker, we provide professional traders and investors with electronic access to stocks, options, futures, forex, bonds and mutual funds from a single IB Universal AccountSM. Employing proprietary software on a global communications network, Interactive Brokers is continuously integrating its software with a growing number of exchanges and trading venues into one automatically functioning, computerized platform that requires minimal human intervention.
About Factor Advisors
Factor Advisors, LLC ("Factor”) is a New York-based asset management firm dedicated to improving the way investors accomplish spread trading strategies. Factor’s flagship offering, FactorShares, is the first family of spread exchange traded funds (ETFs). With one simple trade, each FactorShares ETF enables investors to track two market segments, one long and one short, in one convenient and cost-effective position. Factor has worked with several premier organizations in order to develop and offer FactorShares including Interactive Brokers, Standard & Poor’s and State Street Bank.
1 Other fees and expenses applicable to continued investment are described in the fund's current prospectus. Before investing, consider the fund's investment objectives, risks, charges and expenses. The prospectus is available by calling 1-888-628-3180 or by visiting www.factorshares.com. Read the prospectus carefully before investing.
There are risks associated with investing including possible loss of principal. FactorShares are not mutual funds or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder.
Leveraged funds are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments.
No offer or solicitation to buy or sell securities or futures products of any kind, or any type of recommendation or advice, is made, given or in any manner endorsed by Interactive Brokers LLC ("Interactive Brokers") or any of its affiliates.
Interactive Brokers receives compensation from Factor Capital Management, LLC (the "Managing Owner") in connection with a marketing agreement that includes promotion of FactorShares ETFs and certain commission waivers. Additional information about the sources, amounts, and terms of compensation is described in the prospectus and related documents. Interactive Brokers may add or waive commissions on FactorShares ETFs without prior notice. An affiliate of Interactive Brokers is a member of Factor Advisors, LLC, the parent and the sole owner of the Managing Owner.
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