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Interactive Brokers announces commission-free trading of FactorShares ETFs

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Interactive Brokers has announced commission-free trading of the first five exchange traded funds launched by Factor Advisors LLC to clients using its award-winning Trader Workstation platform.

Interactive Brokers will offer its clients commission-free trading of the first family of spread ETFs under the FactorShares name launched in February 2011. Commission-free trading currently applies to: FactorShares 2X: S&P500 Bull/TBond Bear (NYSE Arca: FSE); FactorShares 2X: TBond Bull/S&P500 Bear (NYSE Arca: FSA); FactorShares 2X: S&P500 Bull/USD Bear (NYSE Arca: FSU); FactorShares 2X: Oil Bull/S&P500 Bear (NYSE Arca: FOL); FactorShares 2X: Gold Bull/S&P500 Bear (NYSE Arca: FSG).

“FactorShares offers our clients a streamlined, cost-effective approach to spread trading,” says Thomas Peterffy, CEO of Interactive Brokers. “With one commission-free trade, our clients can now access the daily spread between major asset classes within a single ETF position.”

Karlheinz Muhr (picturted), Chairman of Factor Advisors, says: “Factor believes that Interactive Brokers will help to place the FactorShares spread ETFs in front of their savvy brokerage clients, alerting them to this new approach to alternative ETF investing. For this reason, we are pleased that Interactive Brokers agreed to promote commission-free trading of FactorShares with no minimum holding period and no short-term trading fees.”

Interactive Brokers has agreed to waive the flat-rate and cost-plus brokerage commissions for transactions in FactorShares ETFs and will not impose short-term trading fees.

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