Good Morning,
Here is an excert from the Empire site:"Empire Financial Holding Company, which is
headquartered in Orlando, Florida, is a full-service, self-clearing, financial services firm that
provides discount brokerage, online trading and other financial services to retail and institutional
customers. The Company also provides trade execution services for approximately 80
independent broker dealers. The Company has been in business since 1990. For the six
months ended June 30, 1999, the Company's revenues were $8,528,693 and its net income
was $2,595,990, and as of June 30, 1999, the Company had approximately 10,000 active retail
accounts."
Now did you see the 80 companies that Empire clears for, in other words its a clearing house
also, so for those of you that say you havnt heard of them, you might trade with a firm that
clears through them. How many of you have heard of Pershing? Well its one of the bigest
clearing houses out there, they clear for NDB, DLJ, and some others, so just because you
havnt heard of them dosnt mean that its a nobody. Now when Empire goes to pick up some
more brokerages to clear for, they can say "We got instant funding for your accounts" So
theoreticaly a person could open and fund an online account in the same day! Imagine the
comercials that could come from that! Not to mention the press we could get! Anyways this
deal is starting to become one of the best ones we have gotten in awhile!
Happy Trading,
Chris B
doyourowndd.com |
