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she says that current cybertrader clients will migrate to street smart pro, will not have per share pricing, no futures, no minis and more. I just had a long talk with an active trader rep from schwab. Hope this helps! Thanks for your comment and IвЂ™m glad you like the blog! Trade well this week,

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Also the minimums will be lower to attain that pricing, so if youвЂ™re already a SS Pro client it should get better for you if youвЂ™re on their standard pricing (from what I understand). I do know that commissions will be same as what CyberTrader currently offers, which for standard per-share clients is $0.006/share, which is much cheaper than SS Pro.

(ThatвЂ™s just my hunch as a CT client given my experience with them.)

I canвЂ™t speak for CyberTrader, but my guess is that since CT clients will be shifted over to StreetSmart Pro, that the SS Pro platform will be improved and upgraded more frequently. However, Schwab bought CyberTrader to begin with for their data operations as well as the software, so the StreetSmart Pro platform is actually a Schwab-modified version of the CT Pro platform. Does this mean that I will have access to the cybertrader platform and low cost, or is the reverse: that those currently with cybertrader get access to Schwab? Thanks for the clarification and btw, great blog!Д¬yberTrader will be moving under the name of Schwab Active Trader. I am currently on active trader with Schwab using Street smart pro. Stock Market, Day Trading, Stock Trading, Investing, Swing Trading, CyberTrader, Charles SchwabД¬omments: 33 | Post a Comment | Trackback URL Real-time news like Briefing will still be included, which is also great.Д¬yberTrader is looking to make the transition easy for clients, and until late this year IвЂ™m going to stay right where I am! The move also comes with 24/7 support and nationwide branches, so that will be great for those after-hours requests that sometime come up. The only thing about the platform that wonвЂ™t be offered (at least initially) is that StreetSmart Pro wonвЂ™t offer Basket Orders, which is something that sector traders rely heavily on.ДЄs for investment products, StreetSmart Pro wonвЂ™t offer access to futures, but fixed-income vehicles and mutual funds will be available, so thatвЂ™s a great way to keep everything in one place if you ask me. The account minimums will also drop, helping out the more casual traders quite a bit.

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Schwab will also offer 3 free wire transfers per quarter for accounts over $100k, which is nice for us active traders who need to move funds. The Level 2 access fee at CyberTrader has been $249/month for accounts trading fewer than 40,000 shares each month, but that will drop to $10 per month at Schwab for those same accounts (it will be waived for any account with 10 trades per month). As a result, CyberTrader clients will be able to trade on virtually the exact same platform.ДЄdditionally, fees will be much improved in a few areas. The active trading fees will be dirt-cheap just as they currently are with CyberTrader, but some benefits will obviously come about from this integration.Д¬yberTrader has been the driving force for SchwabвЂ™s StreetSmart Pro platform, which is a modified version of the CyberTrader Pro platform. In late 2007, CyberTrader plans to fully integrate with Charles Schwab, bringing the best of both worlds together. IвЂ™ve used Schwab for my longer-term accounts and CyberTrader for my active trading accounts, but today thereвЂ™s some big news I just received from CyberTrader regarding some changes coming a little later this year. CyberTrader is owned by Schwab, so itвЂ™s been no surprise to see quality customer service provided by both of them. IвЂ™ve been a Schwab client for about a decade now, and IвЂ™ve been trading through CyberTrader for about 4 years.

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