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Press Release

TradeKing^™ to Add Sophisticated Tax Management & Reporting Capabilities, Giving Both Options and Equities Traders an Edge Heading Into Tax Season

Jan 22, 2008

BOCA RATON, Fla., January 22, 2008 - In its mission to make online investing more rewarding and less "taxing," online discount broker TradeKing (www.tradeking.com) today announced it will offer sophisticated real-time, tax-based investment decision support from Scivantage MaxitTM to help both options and equities traders minimize tax liabilities and increase after-tax performance. Maxit is one of the latest and most comprehensive, automated cost basis and portfolio tax reporting system available, delivering a full range of tools to help TradeKing clients track capital gains, generate Schedule D for tax filing and improve investment tax decisions. Maxit will be available to TradeKing clients free of charge beginning in early February.

Maxit supports a full range of stocks, mutual funds, index and stock options, ETFs and bonds trading. With Maxit, TradeKing offers clients the most complete cost basis coverage for stock options, including automatic adjustments for worthless expiration, exercised options and assigned positions. This capability eliminates the traditional time-intensive and error-prone manual intervention required by some systems. TradeKing will also be the only online broker to offer automatic adjustment of portfolios for complicated voluntary corporate actions.

With a full range of tax-efficiency tools, alerts and reports, Maxit enables TradeKing clients to:

• Proactively manage tax consequences;
• Improve investment tax decisions; and
• Maximize after-tax returns

"Figuring out all the tax implications of trading activity has long been a painful and burdensome process for individual investors, especially those who trade options," said Don Montanaro, CEO of TradeKing. "By incorporating the Maxit tools, we're giving clients a tremendous leg up and peace-of-mind for when that April 15 deadline comes around. It's a matter of more fully understanding and proactively leveraging investments from a tax perspective, which is very empowering."

Key Maxit Features:

Portfolio Tracking & Optimization

• Support for stock, mutual funds, index and stock options, ETFs, bonds and futures
• Wash sale flagging, calculation and deferral
• Detailed tax-lot drill down showing everything from the disposals made out of the tax-lot, cost basis, adjustment due to corporate actions and wash sale - plus adjusted cost basis linked to the tax-lot with transaction details and revision date
• Calculate proper lot relief methods including FIFO, LIFO, Specific ID, MaxGain and Average Cost and MinTax, a tax efficient method available only with Maxit

Corporate Actions

• Automatic support for corporate actions across a client's TradeKing account while maintaining cost basis integrity
• Corporate events supported include: Split/Reverse Split; Rights/Warrants; Stock Dividend; Merger with or without cash; Spin off; Dividend/Dividend reinvested; Redemptions/call; Cash-in-lieu
• Accounts for cost basis changes due to voluntary corporate actions

Tax Management & Reporting

• Tax lot matching and short-term/long-term characterization
• Real-time, actionable trade analysis of short- and long-term gain/loss opportunities
• Customized tax reports for realized and unrealized gains/losses, IRS Schedule D

The Maxit tax management suite will be found at www.tradeking.com under the Accounts tab.