News Release Mar 12/01
Capital Alliance Group Inc CPT
Shares issued 6,158,674 Mar 9 close $0.52
Mon 12 Mar 2001 News Release
Mr. Toby Chu reports
SE Global Equities Inc., a subsidiary of Capital Alliance Group Inc., has
signed a formal licensing and distribution agreement with Direct Access
Financial Corp. (DAFC), a financial software development firm, and a joint
marketing agreement with Trade Direct USA Inc., an equities marketing
company.
"These new partnerships, in combination with SE Global's existing global
network of broker dealers, position the company to become a leading
provider of direct access trading service to international investors," said
Toby Chu, SE Global president and chief executive officer. "We are very
excited about establishing an international presence in one of the fastest
growing areas of the capital markets sector."
Direct access distribution
The agreements with DAFC enable SE Global to deliver U.S. direct access
trading to its alliance network of 24 brokerage firms in addition to the
global investment community at large. Under the terms of these agreements,
SE Global has been granted worldwide distribution rights to DAFC's
proprietary direct access trading and market information software under the
brand name SE Global Trade (www.SEGlobalTrade.com).
Headquartered in Dallas, Tex., DAFC is a leader in the development of the
rapidly emerging direct access trading software industry. Unlike
traditional Web-based on-line brokers, direct access trading platforms
bypass middlemen and route trades directly to market makers, ECNs and
exchanges, allowing for almost instantaneous trade execution and
confirmation. In development for over five years, this new trading platform
reduces the need for high bandwidth Internet connections required by the
majority of direct access software applications.
Trade execution, support and clearing services
SE Global has also signed a joint marketing agreement with Trade Direct USA
Inc. This agreement provides SE Global Trade users with trade execution and
support services through Allen Douglas Direct Inc., and clearing services
from Penson Financial Services Inc.
Allen Douglas Direct Inc., based in Florida, is a broker dealer and a
member firm of the National Association of Securities Dealers (NASD). A
NASD member since 1994, Allen Douglas Direct, Inc. has several years of
experience in the direct access industry and is well positioned to provide
active traders, aggressive investors and full-service clients a full range
of trade execution and support services.
Founded in 1989, and headquartered in Dallas, Tex., Penson Financial
Services, Inc. (member of NASD) is a leading clearing services firm. Penson
provides technology-based processing solutions to the brokerage industry,
focusing its activities on direct access transactions. As a result of
acquisitions in Canada and the United Kingdom, Penson has become a
multicurrency and multinational clearing firm. Along with clearing all
trades, Penson will hold SE Global Trade users' equities and moneys in
trust. Each account held with Penson is insured to the amount of
$24.5-million.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
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