[ZLST.OB] ZEALOUS TRADING > 0.11
"The Zealous Alternative Trading System, in connection with Transfer Online Technology Development, LLC, has been tested and used successfully for over 18 months with a major NYSE financial institution, trading a single stock under Rule 144a. Now, ZATS has been rolled out to a limited number of users, providing them the ability to trade restricted stock and illiquid securities of over 1,100 public and private company securities on a negotiated basis. The next generation of ZATS, now under development, will offer an integrated electronic platform for the trading of alternative assets globally. The ZATS marketplace will be a global community of trading counterparties. The intention is to provide an infrastructure on which to optimize the investment and trading strategies for participants. ZATS will combine an open trading platform with an automated documentation, escrow, transfer and settlement support. It brings technology to the cumbersome, fragmented and paper intensive transaction process for the primary offering and secondary trading market for: PIPE offerings (private investment in public equity); warrants; domestic and international private equity offerings; Rule 144a equity securities; restricted stock of public companies; block sales of thinly traded non-NMS registered stock; limited partnership offerings and secondary LP interests; structured equity and debt products including emerging markets, illiquid bonds, and loans."
Monday January 7, 1:02 pm ET
Zealous ATS, ZATS Significantly Expands Its New York Operations
biz.yahoo.com
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