Some new info on CyberCorp that's on Yahoo. Here is the Yahoo link and the full text...
biz.yahoo.com
Austin, Texas (October 13, 1999) - 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 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 |
