MB Trading Buys WizeTrade; AMTD, OXPS

| 05 August 2009

MB Trading announced today that it is buying investment education provider WizeTrade Group. The deal is the third such announcement this year as the brokerage industry consolidates with the investment education industry. OptionsXpress (OXPS) announced the close of its deal with Optionetics on May 4th and TD Ameritrade (AMTD) closed its acquisition of thinkorswim in June.

Online brokers have actively pursued investment education providers because they offer a large, active account base and a new account acquisition system. Buyers of investment education products are valuable to brokers because they tend to trade more frequently and they trade a more diverse group of products such as options and foreign currencies.

WizeTrade was one of the last remaining large, independent players in the investment education space. The group was founded in 1999 and has reportedly sold more than 130,000 software training packages. MB Trading Group was also founded in 1999. They are a direct access brokerage firm that caters to active options traders and is consistently ranked as one of the best online brokers by Barron's.

MB Trading launched MBT University in January with plans to offer 15 courses a week online. The MB Trading platform has been integrated with the WizeTrade system since 2006. "MB Trading has been an integrated broker partner with Wizetrade software products for the past three years, and this transaction is sure to further enhance the integrated technology for our customers," said Wizetrade President John Dankovchik in a statement.

Tags: TD Ameritrade thinkorswim optionsXpress MB Trading mergers Education

Comments

Add New

Broker News

Anonymous 2009-09-04 23:05:56

mb trading buys wizetrade

cheap asics shoes on sale

asics shoes 2011-08-09 06:34:22

This is shoots by a ringer in the modern US history. In March, link:http://asics-shoes-outlet.com/ the American Ministry of Education Virginia University of Science and Technology 55000 US dollars fines and so on too long time informs the student in 2007 attacks. On Thursday, the university officials move rapidly, when three 14 year-old students link:http://coachoutlet4cheap.com visited the campus for the summer summer training camp saying that link:http://coachoutlet4cheap.com they saw to a man, they in was taking a gun at fingertips. They link:http://coachoutlet4cheap.com/Coach-Handbags-c-1.html described that a person 6 foot high, light brown hair, is putting on the blue white stripe shirt, the pessimistic short and the brown sandals. “in this time, I link:http://asics-shoes-outlet.com/ does not think that link:http://coachoutlet4cheap.com now we have any other choices, only then sounds link:http://coachoutlet4cheap.com the warning,” the Hincker campus said at a press conf...

custom jerseys

NFL Shop 2011-09-20 06:22:45

"JoomlaComment"+"nfl jerseys" -site:com
"JoomlaComment"+"nfl jerseys" site:com
(custom nfl jerseys,authentic nfl jerseys,NFL Shop,custom jerseys,cheap NFL Jerseys,nfl jerseys,cheap jerseys,Customized Jerseys,discount nfl jerseys,cheap authentic jerseys,cheap nfl authentic jerseys,authentic jerseys) http://www.custom-authentic-jerseys.com/
Too fond of the right to pursue the expedient. (Oliver Goldsimith, British poet)

Moncler Online Shop

Moncler jackets 2011-09-20 06:25:29

(Moncler Outlet,Moncler jackets,Moncler Online Shop,Moncler down jackets,Moncler jackets Outle,cheap Moncler jackets,Moncler shop,moncler vest,Moncler coats,Moncler Men,Moncler Women,Moncler kids) http://www.moncler-outlet-shop.net/
He is the happiest ,be he King or peasant , who finds peace in his home. (Johann Wolfgang von Goethe, German dramstist and poet)

coach handbag

rsstephen 2011-11-08 08:16:10

Apparently the regular and chic explaining that is certainly Coach Outlet Store online's Signature type’s what presents hues and also designs like this a calming element. This is simply the right touch. Though these kinds of colors are especially excellent, this specific simple truth is practically undetectable, nevertheless fascinating as well.

rsstephen 2011-11-08 08:16:35

Apparently the regular and chic explaining that is certainly link:http://www.coachoutletstoreonlinepro.com's Signature type’s what presents hues and also designs like this a calming element. This is simply the right touch. Though these kinds of colors are especially excellent, this specific simple truth is practically undetectable, nevertheless fascinating as well.

Replica Rolex Watches

Replica Rolex Watches 2012-01-03 08:38:33

http://www.topwatchesreplica.com/
link:http://www.topwatchesreplica.com/
link:http://www.topwatchesreplica.com/
link:http://www.topwatchesreplica.com/rolex-watches-c-21.html
link:http://www.topwatchesreplica.com/rolex-watches-c-21.html
link:http://www.topwatchesreplica.com/rolex-watches-rolex-submariner-c-21_34.html
link:http://www.topwatchesreplica.com/bvlgari-watches-c-4.html
link:http://www.topwatchesreplica.com/tag-heuer-watches-c-36.html
link:http://www.topwatchesreplica.com/omega-watches-c-17.html
link:http://www.topwatchesreplica.com/iwc-watches-c-12.html
link:http://www.topwatchesreplica.com/chanel-watches-c-6.html
link:http://www.topwatchesreplica.com/cartier-watches-c-5.html
link:http://www.topwatchesreplica.com/rolex-watches-rolex-milgauss-c-21_27.html
link:http://www.topwatchesreplica.com/rolex-watches-rolex-oyster-datejust-c-21_28.html
link:http://www.topwatchesreplica.com/rolex-watches-rolex-oyster-perpetual-c-21_30.html
link:http://www.topwatchesreplica...

All Articles This Month

MB Trading Buys WizeTrade; AMTD, OXPS

!joomlacomment 4.0 Copyright (C) 2009 Compojoom.com . All rights reserved."