In today’s markets, many self-directed traders use user-friendly, app-based interfaces from retail broker-dealers to do their trading. As their accounts grow and they pursue more advanced strategies, switching from web interfaces to desktop applications is a natural progression – but they want to maintain the simple and intuitive experiences of the more retail-oriented providers.
We’re here to deliver the best of both worlds. Today, I’m extremely excited to announce the launch of Mondeum, a broker-dealer providing next-generation solutions to the active trading community. We’re bringing the functionality, flexibility, transparency, control and cost effectiveness this market has been seeking to trade equities and ETFs.
While today marks our formal debut, our team has been working diligently behind the scenes to make it a reality. Over the past several months, we’ve built out our core business offering (Mondeum Pro), onboarded an initial group of clients and conducted extensive testing to ensure everything works as intended. (You can read more about Mondeum Pro HERE)
Mondeum Pro offers the modern technology, competitive pricing and personalized support needed to deliver an elevated trading experience. Clients can choose between two of the active trading community’s most advanced platforms for equity and ETF trading – Sterling Trader® Pro and DAS Trader Pro – and enjoy fast and reliable execution using our suite of available smart order routes. We blend the advanced, secure connections you’d expect from an institutional broker with the low costs and smooth customer experience that are hallmarks of retail apps. Clients can get started in mere days, transfer funds with ease and even pause their accounts at any time – all from the comfort of their desktop.
All of this is in service of what we see as a natural journey through today’s markets, from a trader’s first few trades via their smartphone to day-trading experiences via web apps to when they’re finally ready to “graduate” to self-directed trading on desktop applications. We want to make this evolution as smooth as possible, so we’ve prioritized providing a streamlined and straightforward onboarding process while simultaneously charging some of the most competitive software, routing, margin and market data fees on the market. In other words, we make it easy to get started with us – and just as easy to stay.
One more key characteristic of our offering is that traders get total control of their order flow, empowered by our suite of smart order routes (SORs). They can select routes based on venue type (i.e., lit, dark, etc.) or PFOF routes so they can collect a portion of the rebates themselves. They can even request custom routes based on their specifications. Together, these offerings make us a logical choice for the advanced self-directed traders looking to level up.
And that’s just the beginning. We are excited to broaden our offerings as we grow, with plans to serve different subsets of the self-directed trading community as well as more countries around the world. We could not be more thrilled to embark on this new chapter of our business, and you can expect to hear more from us in the coming weeks and months about where we’re headed next. For now, we are ecstatic to formally roll out all we’ve accomplished thus far in our mission to provide a next-generation brokerage solution that active traders can rely on.
If you’d like to learn more about Mondeum’s solution or are looking to start your trading journey with us, don’t hesitate to reach out.