Old but interesting - PC QUOTE 6.0 ON THE INTERNET NOW OFFERS SEAMLESS ON-LINE TRADING
CHICAGO, October 19, 1998 - PC Quote, Inc. (AMEX: PQT), launched the first of its on-line trading relationships today in an agreement with Chicago-based Terra Nova Trading, L.L.C., a NASD registered broker-dealer, to provide integrated on-line order execution services for its PC Quote 6.0 on the Internet.
Already considered a comprehensive investment center, PC Quote 6.0 places a wide range of professional-quality investment tools at an investor's fingertips including real-time quotes, premium news, technical analysis, charting, tickers, alarms, Nasdaq Level II and more. The addition of order entry and order management capabilities makes the package truly complete. And, powered by PC Quote's HyperFeedTM, it is the only on-line trading system able to deliver quotes at the unparalleled speed of 1024KB.
"Individual investors will truly appreciate the time-savings and simplicity of true seamless integration," commented Jim R. Porter, PC Quote Chairman and CEO. "Not only will users have fingertip access to all of the tools needed to make sound investment decisions - they can actually implement those decisions without changing screens or applications. And, unlike many on-line trading systems which utilize order-routing and require manual intervention, PC Quote 6.0 is fully electronic. All orders are electronically matched direct to the exchange and confirmed within seconds."
"As individual investors continue to move toward fully electronic trading, the addition of on-line trading capabilities significantly increases PC Quote's market reach," added Mr. Porter. "Until now an untapped market for PC Quote, on-line traders will truly appreciate the competitive edge afforded by seamless integration of quotes, analysis and order execution."
"We are pleased to partner with Terra Nova", Porter added. "They are well-known, respected and fully understand the intricate architecture involved. Investors could not ask for a more experienced team than with two on-line pioneers - Terra Nova in on-line trading and PC Quote in on-line real-time quotes".
"We wanted to assemble a truly comprehensive package for our investors - with all of the necessary tools for success," stated Jerry Putnam, President of Terra Nova Trading L.L.C., "We selected PC Quote not only for its comprehensive application but because we wanted to offer our clients the fastest, most reliable datafeed available. The most integrated, sophisticated tools in the world mean nothing if your quotes are two minutes behind the market."
PC Quote 6.0 on the Internet with On-line Trading is available to subscribers at the base price of $250 per month complete with technical analysis, advanced charts, Nasdaq Level II and order entry. During the product launch, Terra Nova is offering users a rebate on 50 or more trades per month.
About Terra Nova Trading, L.L.C.
Terra Nova, a member of the NASD and SIPC, was established as a broker-dealer in 1994 and offers a full range of execution services. With 14 branch offices and 15 non-branch offices across the country, Terra Nova executes over 20,000 trades per day (15,000,000 shares) for day-traders, professional traders, institutions and other broker-dealers. |
