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SE Global Reports 43% Increase in Trading Volume in October 2002
Thursday December 5, 2:34 pm ET
OTCBB: SEGB
HOPKINS, MN, Dec. 5 /PRNewswire-FirstCall/ - SE Global Equities Corp. (OTCBB: SEGB - News), a provider of technology and financial resources for international investors, today reported a 43% increase in equity trading volume in October 2002, as compared with the previous month. Consolidated unaudited revenue of US$298,838 (CAD$463,199) for the month of October represents a 51% increase over the previous month and a 75% increase compared to the average monthly revenue over the first two quarters of 2002. SE Global trading volume for the year has grown by a monthly average of 10%.
During the month of October, total asset turnover value through SE Global's registered broker dealer subsidiary exceeded US$580 million (CAD$899 million), representing a 47% increase over the previous month.
Additionally, SE Global reported trading volume in options contracts of 7,524 in October, representing a 95% increase over the previous month and a 2,229% increase compared to the average monthly options volume of the first two quarters of 2002.
"During the significant swings in the market over the past year, we are extremely pleased to see our revenue and market share consistently grow," stated Toby Chu, President and CEO of SE Global. "Both domestic and international investors continue to demonstrate a strong interest in our trading software."
About SE Global Equities Corp.
SE Global Equities Corp. is a provider of technology and financial resources for international investors. SE Global provides online and direct- access trading software and market data through an international network of business alliances with 30 brokerage firms in 25 countries.
SE Global is not a securities dealer in its own right and has not sought such registration. All trade execution and support services are provided by the individual alliance broker in compliance with local regulatory requirements. Global-American Investments, Inc., a subsidiary of SE Global Equities Corp., is a U.S. licensed securities broker-dealer. Not all securities, products or services described are available in all countries, and nothing herein is an offer or solicitation of securities products and services in any jurisdiction where their offer or sale is not qualified or exempt from registration.
For more information visit SE Global's website at www.SEGlobal.com.
On Behalf of the Board of Directors
of SE Global Equities Corp.
"Toby Chu"
Toby Chu
President & C.E.O.
Investor Relations Contact: Mr. Quentin Mai, N. America Toll Free:
1-888-865-0901 Ext.312
Email: investor@SEGlobal.com |
