A.B. Watley Technology to Help Power E*TRADE
Pro Direct-Access Trading Tool
NEW YORK--(BUSINESS WIRE)--April 3, 2001--A.B. Watley Group Inc. (NASDAQ:
ABWG - news), a premier provider of financial services technology (www.abwatley.com), is about to begin integration testing
of E*TRADE Pro, a direct-access trading product developed with E*TRADE Securities, Inc.
``With direct access order routing to ECNs and market centers, streaming Level II quotes, and dynamic order management,
E*TRADE Pro will be an exciting addition to our Power E*TRADE program'' said Pam Kramer, Chief Global Product and
Content Officer at E*TRADE. ``A.B. Watley's trading technology provides a key component of this leading-edge tool.''
A.B. Watley's CEO Steven Malin commented that, ``Under the terms of our software licensing contract (please reference
March 19, 2001 filing at www.freeedgar.com), E*TRADE is licensing the data delivery and presentation layer portions of our
technology. We are extremely excited about working with such a powerful global brand. Our shareholders should know that
we have been very hard at work integrating with E*TRADE's technology, and that the development cycle is nearing a close.
We look forward to the beta program, launch, and revenues in the near future.''
``Our B2B technology division is poised to be a leading growth segment of our business. The completion of this project is an
extremely important milestone for the company and really shows that we have among the highest quality software development
teams in the industry.'' continued Mr. Malin. |
