Advantages of Online OTCBB Stock Trading
- Author Praveen Ortec
- Published December 15, 2006
- Word count 413
Although today almost all stock market trades are done online with advanced electronic systems, Over-The-Counter Bulletin Board (OTCBB) stocks are traded either directly or by call in. This is a tedious process taking much time and results in more mental and physical strain compared to online stock market trading. Because of this reason some brokerage firms, like nobletrading.com, introduced electronic or online OTCBB stock trading services on sophisticated direct access stock trading systems.
Online OTCBB stock brokers provides you a stock trading platform, which are integrated with advanced charting and quoting packages for trading OTCBB stocks and Pink Sheet Securities. This online OTCBB stock trading service allows OTCBB stock traders to buy and sell just like an online stock market trader. There are both free web based systems or customizable direct access systems and the choice is of the trader. The trading software platforms offered by online OTCBB brokers are usually their stock trading software, sometimes a modified form of it, so there is no question of the standard of software.
The major benefits of electronic OTCBB stock trading include minimum expenditure of time and energy, real time news and order placement, the ability to trade stocks without broker intervention, historical and intraday stock charting, time sales, high speed order execution, and direct access to major OTCBB markets such as NITE, DOMS, Knight, Finance 500, VERT, SBSH, Citigroup, FANC, ARCA etc,
Other advantages of Online OTCBB stock trading over traditional call in trading style includes simplicity in stock trading - any individual want to trade OTCBB stocks can make use of these systems without any training, ability to trade anywhere at market hours, less paper works, automated process, and the choice of selecting and customizing a software platform.
Some online brokerage firms like nobletrading.com, allows you to trade stock markets, options, futures and pink sheet securities from your OTCBB trading account and software. Some offer flat fees for unlimited number stocks per trade, live customer support, real-time account details, and the ability to interfere with major market makers. That is why this new service is most attractive for those investors trading highly active sub penny securities.
This service is becoming increasingly popular. But currently there are only a few online brokerage firms who offer online OTCBB trading services. Being a riskier trading field, most brokers are do not want to give consideration to OTCBB stocks. I hope that in future more competitors will evolve and more affordable trading plans will be established.
Praveen Ortec is an offshore worker for
NobleTrading.com , a leading online trading company offering Online Stock Market Trading and Online OTCBB Trading .
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