Direct Access Trading
If you’re a high frequency trader interested in additional information and a free quote please contact
Shawn Herrin at 847-375-6062 or sherrin@eoption.com.
Compare Direct Access Platforms
Direct Access Agreement and Pricing Schedule
eOption provides multiple direct access terminals for high frequency traders. Select the platform that best suits your needs.
| Sterling Trader Pro | |
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State of the art fully featured direct access trading platform. |
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Sterling Trader® Pro is a multi-purpose front-end trading platform equipped with features specifically designed with the input of experienced professional traders. Sterling Trader® Pro offers direct electronic access to all of the exchanges and ECNs, and is suitable for trading operations of all sizes. The Sterling Trader® System operates on standard computer infrastructure using Microsoft Windows and Intel technology; this product can be easily integrated with an existing in house network. |
| Omni Pro | |
The Latest Edge in Trading by Nexa |
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OmniPro is an advanced direct access trading platform designed for professional traders to handle high-capacity demands, proprietary trading firms, and black-box trading systems. The OmniPro technology provides multiple order entry configurations and monitoring controls. This platform can access every electronic U.S. and Canadian equity, options, and futures exchange. OmniPro also allows for Automated Trading Systems (ATS) management and the ability to build models and trade from Microsoft® Excel® or other third party applications. Features can be configured to meet the needs of each user. |
| eOption Direct | |
A streaming desktop platform enabling users the ability to trade equities and options efficiently. |
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eOption Direct is a streaming desktop platform enabling users the ability to trade equities and options efficiently. The platform provides up to two, level 2 boxes, two option montages, four streaming intraday chart boxes, and a streaming watch list. Users have the ability to trade from the option montage or level 2 box. Clients searching for a more robust platform that allows equity and one-leg option order entry will not find a better value in the marketplace.
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Option rates apply to each side of spread orders. Option strategies involve multiple purchases; therefore your transaction costs may be significant for option strategy trades.
Options involve risk and are not suitable for all investors. Prior to trading options, you must be approved for options trading and read the Characteristics and Risks of Standardized Options. A copy may also be requested via email at support@eoption.com or via mail to eOption, 950 Milwaukee Ave., Ste. 102, Glenview, IL 60025. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data.
Additional fees may apply to orders greater than 2,000 shares directed to the NYSE. Foreign stock orders are $39.00.
eOption customers must maintain a minimum of $25,000 in equity in order to use OmniPro or Sterling Trader Pro.
Click here to learn more about the risks associated with day trading.
Short option day trades executed by pattern day traders (PDT) will be subject to naked requirements unless an intraday hedge exists. If the option is classified as “hedged” or “strategy,” the greater of the net premium of the strategy requirement will be charged. The following strategies qualify as an intraday hedge for the purpose of day trade calculations: Debit spreads, Credit spreads, Box spreads, Long and short butterflies including calendar butterflies, Calendar spreads, Condors including calendar condors, Long and short iron butterflied including calendars, Covered calls and puts. Money market funds are not applied towards calculating day trade buying power. Please contact us to have money market funds journaled to the margin type prior to the effective date if you would like to use all funds to calculate day trade buying power. Also, please note it is necessary to shut off sweeps to money market upon trade settlement in order to use all available funds to day trade without interruption. This request must be in writing with a signature.
