CyBerCorp.com Reports 76% Growth in Online Trading Volumes During 3rd Quarter
AUSTIN, Texas, Oct. 14 /PRNewswire/ -- CyBerCorp.com, the electronic brokerage serving active online traders, reported exceptional growth during the third quarter when most other online brokers reported that their trading volumes declined for the first time. During the third quarter, CyBerCorp.com's trading volumes grew between 15% - 30% each month, 76% for the quarter compared to the 2nd quarter, and the firm reported over 11,000 trades on average per day during September.
Philip R. Berber, Chairman of CyBerCorp.com explained that ''while the jury is still out, we believe that CyBerCorp.com's average daily trading volumes have made it the leading direct access electronic broker for active traders and we may also have entered the Top 10 list of all Online Brokers''.
Based on average daily trade volume, CyBerCorp.com believes it may have surpassed AB Watley, MB Trading, and all other direct access brokers serving active online traders. As for the other household name online brokers in the broader retail market, the Number 10 spot was previously held by National Discount Broker who reported an average of 6,500 trades per day during the 2nd Quarter and reported little or no growth in trading volumes during the 3rd quarter.
''We are monitoring announcements from the other online brokers and will await the final analysis and industry reports from Jupiter, Hambrecht & Quist, Piper Jaffray, Gomez and the likes before we know our exact ranking'' says Berber
Many observers may be surprised to see CyBerCorp.com appear as a Top 10 broker. Berber believes that CyBerCorp.com's business model is different to most. ''We have built important alliances, our technology and products offer a quantum benefit over our rivals and our focus on more active online traders has resulted in higher trading activity'' he explains.
Within the online communities of professional traders CyBerCorp.com is well known. ''Our technology, reliability, innovation, service, support, speed of execution and execution prices are highly regarded'' says Berber. ''Much of our growth has come from positive word of mouth amongst online traders who have switched to CyBerCorp.com from other online brokers because they were looking for faster, smarter and better executions. We have been gaining market share and trading volume at the expense of others''
CyBerCorp.com provides ''direct access'' electronic trading technology and brokerage services, including the CyBerX and CyBerTrader trading and execution software. It pioneered ''intelligent'' order routing technology, designed to ''hunt and seek'' for the best price available in the market, and also employs advanced risk management software that includes powerful stop loss and order management facilities
''CyBerCorp.com is focused on delivering high end, high speed trading and execution technology and brokerage services to active professional investors. This approach, combined with the fact that we have not to date engaged in heavy promotional expenditure, has helped us to become probably the fastest growing and most profitable online broker in the business''.
About CyBerCorp
Founded in December 1995 in Austin, Texas, CyBerCorp, Inc., is an electronic trading technology and brokerage services group, which designed and developed the leading electronic trading software for professional electronic traders. Orders placed with CyBerCorp's software are routed to the company's wholly owned subsidiary, CyBerCorp.com, where using CyBerCorp's ''SuperECN'' (CyBerXchange), the orders are forwarded to the optimal party in that moment. More than 2,000 active traders use CyBerCorp's technology, either online from their home and offices or from one of 55 trading rooms operated by third party broker dealers. Combined, these traders execute around 20 million shares a day through CyBerCorp's technology. CyBerCorp's Web site is cybercorp.com.
For Media inquiries please contact: Trey Robinson, Communications Manager, CyBerCorp Inc. trobinson@cybercorp.com - direct dial 512-682-7619.
SOURCE: CyBerCorp, Inc. |
