No one answered my WAMX question yesterday. So today, you get more spam, with today's news.
WAMX news:
Global Exchanges Emerging - WAMEX to Launch New Global Alternative
Trading System; London, Frankfurt, and Nasdaq Exchanges Link Up To
Establish Pan European Electronic Exchange Focused on New Economy
Companies
IRVINE, Calif., May 4, 2000 (PRIMEZONE) -- (www.ibchannel.com; www.wamx.com)
Nasdaq said Wednesday that it will link up to the newly merged
Anglo-German bourse in 2001 to accelerate its attempts to gain a foothold in Europe and,
subequently, advance its plan for a global stock market. Nasdaq
announced the linkup as the London Stock Exchange and the Deutsche Boerse said they
would combine to form Europe's largest exchange to be called iX --
``International Exchanges.'' The Nasdaq linkup, operating under the auspices of the newly
merged exchange, would be called ``Nasdaq iX.''
``This cuts by months the amount of time it would have taken otherwise to go live and then
connect with the rest of the world,'' Frank Zarb, chairman of the National
Association of Securities Dealers, parent company of the Nasdaq, told a New York news
conference by telecast from London.
Nasdaq's linkup to the newly merged bourse was scheduled to launch operations in the
early part of next year, Zarb said. Nasdaq would own 50 percent of Nasdaq
iX, while iX would own the other half of the joint venture. Nasdaq iX, which would be
billed as a Pan-European electronic market focused on New Economy
companies, will be based in London and operate out of Frankfurt, Nasdaq officials said.
Nasdaq iX will envelope London's techMark and Germany's Neuer Markt
into its operations.
SEC Chairman Arthur Levitt has been calling for exchange reforms which are aimed at
leveling the playing field for Investors. Island ECN President Matthew
Andresen recently stated ``Chairman Levitt has once again made clear that the traditional
markets must do more to embrace enhanced competition and innovation,
and that the first step is to level the playing field between the individual investor and the
market professional''
So how does an investor capitalize on this global market trend. For a sneak preview visit
www.wamx.com.
While the New York Stock Exchange and Nasdaq are currently attempting to go public;
one stock to watch is Reuters PLC (Nasdaq:RTRSY - news), owner of
Instinet and WAMEX Holdings, Inc. (OTCBB:WAMX - news) - the only publicly traded
company known to be developing a global ``round the clock'' Alternative
Trading System which may be more powerful than any exchange or trading system now in
operation. WAMEX has affiliated with companies such as Oracle
(Nasdaq:ORCL - news), NYD2, 1 Web Pl., Netholdings and IBChannel.com to create a
new Alternative Stock Market.
WAMEX has declared July 4, 2000 the official launch of its new electronic Alternative
Trading System and ``Independence Day for Investors'' because it enables
investors to trade directly, reducing Spread Exposure by eliminating the intervention of
brokers or traders. This revolutionary trading platform provides investors
round the clock access to trade all registered securities at low cost with anonymity across
all continents, in any major currency, in nine different languages, and with a
link to trade all major exchanges.
The Alternative Trading System will allow investors to trade amongst themselves; therefore
eliminating the losses associated with proprietary trading so commonly
employed against individual investors. This trading system is bound to become the major
alternative to trading securities on traditional markets and exchanges.
About IBChannel.com
IBC (www.ibchannel.com) is the premier business and finance portal. Interactive Business
Channel Inc. develops and invests in new technology companies and
incubators and has taken a 3% equity position in WAMX (www.ibchannel.com/disclaimer).
IBC provides a full range of resources to infuse emerging growth
companies with the development strategies and financial support needed to rapidly
introduce innovative products and services. Resources include HR, network
infrastructure, consulting and services relating to development and technology, web
development, graphic design, advertising, marketing, competitive research, legal,
accounting and business development support and services.
CONTACT: Interactive Business Channel Inc.
info@ibchannel.com
www.ibchannel.com
SOURCE: IBChannel.com
More Quotes
and News:
Oracle Corp (NasdaqNM:ORCL - news)
Reuters Group PLC (NasdaqNM:RTRSY - news)
Wamex Holdings Inc (OTC BB:WAMX.OB - news)
Related News Categories: computers, internet, software |
