JB Oxford Offers After-Hours Trading
Customers Can Place Trades 45 Minutes Before And After Traditional Market
Hours Via Instinet.
LOS ANGELES, Aug. 13 /PRNewswire/ -- JB Oxford Holdings Inc. (Nasdaq: JBOH) , a provider of discount and online brokerage services to clients nationwide, announces its long-standing arrangement to offer extended trading hours through Instinet Corp., the world's largest electronic communications network.
"JB Oxford was an early adopter of this increasingly popular service, and we wanted to make sure our customers are aware that it's available," said JB Oxford Holdings President and Chief Operating Officer Jamie Lewis. "In fact, we extended our trading hours some time ago, but only recently has the service been attracting widespread attention. While after-hours trading is currently available for phone orders only, we will expand the service to online orders as demand grows."
JB Oxford customers can currently place limit orders via Instinet on stocks included in the Nasdaq 300 Composite Index 45 minutes before and after traditional market hours, or from 8:45 a.m. to the market open at 9:30 a.m. and again from 4:00 p.m. when the market closes to 4:45 p.m. Limit orders authorize the buying or selling of stock at a specified price or better.
"As the largest ECN trading more U.S. stocks on average every day than any other, Instinet was the logical choice to use in extending this service to our clients," Mr. Lewis said. "We will continue to monitor the evolution of the marketplace closely to ensure that we provide the best service available anywhere. After-hours trading is just another example of JB Oxford's commitment to offering competitive products and services that bring value to our customers, and is only one of a number of strategic developments to be unveiled this year."
JB Oxford Holdings, Inc., through its wholly owned subsidiary JB Oxford & Company, provides discount and online brokerage services, as well as correspondent clearing services to clients throughout the United States. The company has branches in New York, Miami and Los Angeles. More information can be obtained from the company's web site at www.jboxford.com .
This press release contains statements that are forward-looking and comments on market conditions, revenue growth, expense management, and outlook. Any number of conditions may occur which would affect important factors in this analysis and materially change expectations. These factors include, but are not limited to, known and unknown risks, customer trading activity, changes in technology, shifts in competitive patterns, decisions with regard to products and services, changes in revenues and profits, and significant changes in the market environment.
SOURCE JB Oxford Holdings, Inc. |
