Thursday June 1, 12:11 pm Eastern Time
Company Press Release
Web Street Signs Agreement With REDIBook ECN for Extended Hours Trading
Web Street Customers to be able to Trade Both Pre and Post Market
DEERFIELD, Ill.--(BUSINESS WIRE)--June 1, 2000--Web Street, Inc., (NASDAQ: WEBS - news), parent company of Web Street Securities, Inc., today announced an agreement with REDIBook, a leading ECN, to provide extended-hours trading to Web Street's growing client base. The agreement will integrate REDIBook's efficient trading technology with Web Street's innovative and highly rated online brokerage services to allow customers seamless extended-hours access to the NASDAQ, NYSE and AMEX markets.
Joseph J. Fox, Co-Chief Executive Officer of Web Street commented, ``Today's ambitious investor demands after-hours access to the trading markets, and Web Street is prepared to deliver. Our company has built a reputation upon anticipating the needs of the serious investor and providing them with the tools that open new markets, domestically and abroad. This new extended-hours trading service is the next step of our pledge to be at the forefront of trading technologies, providing our clients with the best financial tools available to help them make the most informed and effective financial decisions around the clock.''
This new extended-hours trading capability, which will become available in the third quarter, is an added service enhancement, and another step towards Web Street's plans to provide its global client base with a full suite of financial services. With the REDIBook service in place, Web Street customers will have seamless access to securities before and after the close of the markets, all with industry-leading innovations such as real time streaming quotes, account balances and positions.
Larry Leibowitz, CEO of REDIBook added, ``We are very pleased to offer REDIBook's extended-hours trading capability in conjunction with Web Street's growing suite of financial services. Since REDIBook and Web Street are both driven by delivering up-to-the-second investor information, this is a logical next step in the evolution of both of our `real-time' platforms, and we look forward to a mutually beneficial future.''
About Web Street
Web Street, Inc., based in Deerfield, Illinois provides online brokerage services to individual investors in the United States, Europe, Asia and Latin America, through its wholly-owned subsidiary, Web Street Securities, Inc., which was founded in 1996. Web Street was recently awarded a five star customer service rating in Money Magazine's ``Best Online Brokers of 2000'', in addition to four star ratings by Barron's in 1998 and 1999, as well as being ranked as one of the top 3 online brokers in March 1998 and March 1999 by SmartMoney. Web Street offers 24 hours a day customer service, low-price commissions, and real time account information via multiple channels - online, touch-tone telephone, person-to-person via telephone, and face-to-face onsite through its existing and future brick-and-mortar branches. For more information on the Company's products and services, visit us at www.webstreet.com or call us at 1-800-WEBTRADE. |
