Dear Valued Mastertrader.com Trader,

As you may be aware, in the last year numerous exchanges, order routes and Electronic Communication Networks (ECNs) have consolidated through mergers and buyouts. Recently, the New York Stock Exchange (NYSE) and the Archipelago ECN (ARCA) have merged to form NYSE Arca, http://www.archipelago.com/.

As of Tuesday, January 2nd, the NYSE – Arca ECN will be labeled as “NYSE – Arca” on the RealTick® platform replacing the old label “Arca”. Please note that all order routes appear on the platform in alphabetical order. You can set the default order route on the system to your destination of choice. If you have questions or need help setting up your default route please call our Technical Support team at: 1-800-424-3934.

Also, as you may be aware, in the recent past the INET ECN, BRUT ECN and Nasdaq have consolidated to form one order routing destination, INET. Due to this merger and other factors, the cost for routing to the now consolidated INET route will be $0.003 per share beginning January 2nd. The BRUT ECN and SuperMontage will no longer be available.

Mastertrader.com takes pride in being a direct access brokerage firm with one of the most diverse order routing choices available. Please visit our web site at: http://www.mastertrader.com/fees/routes.asp to view all of the order routes available.

If you have questions or concerns please feel free to contact us. 1-800-424-3934

Thank you,

Mastertrader.com
7-11 South Broadway, Suite 210A
White Plains, NY 10601


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