The Initial Minimum Deposit Requirement is reduced from $500 to $100 and the new Active Trader Pricing Schedule is initiated on Wednesday, May 11, 2005
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Pursuant to Commission Regulation §40.6, the HedgeStreet Rule Committee has approved the amendment of Rule 3.1(b) which now features the new initial deposit requirement of $100. Additionally, an Active Trader Pricing Schedule is established such that a) the Minimum Trading Fee of $5.00 for Standard Pricing is replaced with $0.00. (Standard Traders are Members that do not qualify for Active Trader Pricing); b) beginning in the month of April 2005, any Member that traded more than 20 times in a calendar month is qualified to receive Active Trader Pricing; and c) if, while receiving Active Trader Pricing, a Member does not execute 60 trades in 2 successive calendar quarters, the member will be changed from an active trading status to standard pricing status. Click here to view the Rule amendment and to view a chart summary of the Active Trader Pricing Schedule.
Should you have any questions or require further information, please contact the Compliance Department.