This will add exposure to our little monkey!:
TheStreet.com and the American Stock Exchange Introduce
TheStreet.com E-Finance Index
NEW YORK, June 22 /PRNewswire/ -- The online banking and brokerage
businesses are growing even more rapidly than the Web itself, and many
companies in the e-finance sectors have been high performers. Investors
looking to track the performance of these companies in real-time, however,
have had few options until now. That changes today as TheStreet.com
(Nasdaq: TSCM), a leading online investment news publication, and the American
Stock Exchange (Amex) announce the launch of TheStreet.com E-Finance Index.
"The incredible growth and bright prospects of online finance together
have made e-finance into a must-track sector for many technology investors,"
said Kevin W. English, Chairman and Chief Executive Officer of TheStreet.com.
"We are thrilled that TheStreet.com's E-Finance Index will be the first to
monitor and tap into the future performance of this emerging market sector."
TheStreet.Com E-Finance Index will track the activities of online brokers,
online banks, and online-transaction companies. Index quotes are available
today using the ticker symbol XEF. Options on the index will be available for
trading later this summer on the Amex. Historical data indicate that
TheStreet.com E-Finance Index would have risen approximately 180% since the
beginning of 1999. The index is equal-dollar weighted, and currently includes
eleven companies:
Components of TheStreet.com E-Finance Index
Company Ticker Symbol
AMERITRADE HOLDING CORP (Nasdaq: AMTD)
CHECKFREE HOLDINGS CORP (Nasdaq: CKFR)
CYBERCASH INC (Nasdaq: CYCH)
E TRADE GROUP INC (Nasdaq: EGRP)
NATIONAL DISCOUNT BROKERS INC (NYSE: NDB)
KNIGHT/TRIMARK GROUP INC (Nasdaq: NITE)
NETBANK INC (Nasdaq: NTBK)
NEXTCARD INC (Nasdaq: NXCD)
SCHWAB (CHARLES) CORP (NYSE: SCH)
SECURITY FIRST TECHNOLOGIES (Nasdaq: SONE)
TELEBANC FINANCIAL CORP (Nasdaq: TBFC)
TheStreet.com, Inc. (Nasdaq: TSCM) is publisher of TheStreet.com, a
leading Web-based provider of original, timely, comprehensive, and trustworthy
financial news and commentary. TheStreet.com (http://www.thestreet.com) was
founded in 1996 and is based in New York City, with bureaus in San Francisco
and London. TheStreet.com's editorial team, with over 50 experienced
financial journalists and two dozen outside contributors, publishes
approximately 40 original news stories and commentaries every business day,
including columns by James J. Cramer, Herb Greenberg and Adam Lashinsky.
TheStreet.com, Inc. has established strategic alliances with Yahoo!, America
Online, The New York Times Co., Fox News Network L.L.C., Intuit, 3Com,
E*TRADE, DLJdirect, and other leading companies.
The Nasdaq-Amex Market Group(SM), which operates The Nasdaq Stock
Market(R) and the American Stock Exchange(R), is a subsidiary of the National
Association of Securities Dealer, Inc. (NASD(R)), the largest securities-
industry, self-regulatory organization in the United States. The union of
Nasdaq(R) and Amex(R) creates the world's first financial market that brings
together central auction specialist and multiple Market Maker systems.
SOURCE TheStreet.com, Inc.
-0- 06/22/99
/CONTACT: Sean McLaughlin of TheStreet.com, 212-271-8254, or
mclaughlin@thestreet.com/
/Web site: thestreet.com
(TSCM)
|
