On-Site Trading Signs for WatcherPlus(TM) Trading System
NEW YORK, May 3 /PRNewswire/ -- Watcher Technologies LLC, a subsidiary of
Datek Online Holdings Corp., will provide its recently launched
WatcherPlus(TM) direct-access trading system to On-Site Trading, Inc., an
electronic brokerage with 20 trading floors in seven states.
(Logo: newscom.com )
WatcherPlus(TM) is a faster, more reliable and more robust version of
Watcher, which has been widely recognized as one of the fastest direct-access
trading systems utilized by professional stock traders. WatcherPlus(TM)
utilizes a multi-tiered architecture that houses most of the programming code
on servers instead of the personal computers operated by the product's end-
users. Its architecture makes WatcherPlus an extremely reliable trading
system and allows for rapid delivery of enhancements.
On-Site Trading President Gary Mednick, said, "We are committed to
providing our traders with the best trading technologies and are pleased to
offer WatcherPlus(TM) through our strategic partnership with Watcher
Technologies. WatcherPlus is a welcome addition to our Virtual Trading
Desktop(SM) which integrates the best data and execution applications into our
direct-access trading platform. Now active traders have the flexibility to
choose the technology that works best for them. We think our traders will be
pleased with the performance of this next-generation product and the client
service operations that support it. We look forward to continuing innovations
from Watcher Technologies."
Paul Hindes, President of Watcher Technologies LLC, said, "We are very
excited to extend our products and services to On-Site Trading and are
confident that On-Site Trading and its clients will be pleased with
WatcherPlus(TM). Our significant investment in time, money and energy has
resulted in an advanced, reliable and robust system for traders who need to
keep up in this ever-changing marketplace."
WatcherPlus(TM) provides professional traders with links to NASDAQ's
SelectNet, Nasdaq's Small Order Execution System (SOES) and various Electronic
Communication Networks (ECNs) including Instinet and Island ECN, a subsidiary
of Datek Online Holdings Corp.
For more information on WatcherPlus(TM) and upcoming Watcher Technologies
offerings, please contact Barry W. Smith, Director of Marketing & Sales, at
212-231-5515 or email barry.smith@watchertech.com.
For more information about On-Site Trading, call 516-482-9292 or go to
onsitetrading.com.
About Watcher Technologies LLC
Watcher Technologies LLC, a wholly owned subsidiary of Datek Online
Holdings Corp., provides innovative, cutting-edge software and technologies to
the professional trading community. Watcher Technologies LLC is headquartered
in New York City.
About On-Site Trading, Inc.
Founded in 1994 and geared toward active, experienced investors, On-Site
Trading, Inc. is an electronic brokerage that enables investors to trade
directly into the stock markets using the firm's customized work station
software, either from remote locations or from one of its 20 trading floors in
seven states.
About Datek Online Holdings Corp.
Established in 1998, privately held Datek Online Holdings Corp. is one of
the fastest growing financial services companies in the United States and
provides direct access to financial services through innovative technology.
The Company's primary businesses are Datek Online Brokerage Services LLC, a
pioneer in the online brokerage industry; the Island ECN, an alternative
trading system; iClearing LLC, a securities clearing operation; and Watcher
Technologies, a provider of cutting-edge trading systems for the professional
trading industry.
SOURCE Datek Online Holdings Corp.
-0- 05/03/2000
/CONTACT: Mike Dunn of Datek Online, 732-516-8340, or mdunn@datek.com/
/Photo: newscom.com
/Web site: onsitetrading.com
datek.com
CO: Datek Online Holdings Corp.; On-Site Trading, Inc.; Watcher Technologies |
