SW et al--Re: NATS--Did not show up on MyTrack news yesterday, but:
(REUTERS) National Securities plans online trading system
National Securities plans online trading system
CHICAGO, June 24 (Reuters) - National Securities Corp. said
Thursday it plans to have fully operational by mid to late
October an online trading system to compete in the rapidly
evolving electronic brokerage arena.
National Securities said it reached an agreement with
Pegasus Internet, a subsidiary of Marketing Services Group Inc.
<MSGI.O>, to develop the online infrastructure for the system.
The Pegasus system will allow National Securities' clients
to buy and sell stocks, mutual funds and options and to accept
all types of orders, including market, stop, limit, stop-limit,
good-till-cancel and all-or-none.
Seattle-based National Securities is a wholly owned
subsidiary of Chicago-based financial services company Olympic
Cascade Financial Corp. <NATS.O>.
In mid-February, Olympic Cascade said its National
Securities brokerage unit might launch an online service.
Marketing Services Group acquires and invests in Internet
companies. It also provides Internet marketing, e-commerce
applications, Web development and hosting, online ad sales and
consulting.
((--Chicago Equities News at 312 408 8787,
chicago.equities.newsroom@reuters.com))
REUTERS
*** end of story *** |
