Dr. Risk, this should make u happy :->
Austin, TX, February 18th 1998 - CyBerCorp, an Austin, TX based stock market trading technology and brokerage firm, has executed its first electronic customer orders on NASDAQ by way of what it describes as a "Virtual Trading Room". The first customer started trading last week using the CyBerTrader software from his office in New York, NY.
Philip Berber, Founder and CEO of CyBerCorp, CyBerBroker's parent company, believes "it is important to distinguish between first generation Internet-based on line brokerage accounts, such as E Trade and e.Schwab which is used mainly by occasional investors. CyBerTrader is a high-speed, real time day trading technology for professional, active and experienced day traders."
Over one million investors already use the Internet and on line brokerage accounts to forward their orders to the US stock markets. CyBerBroker provides its customers with CyBerTrader, an advanced integrated trading environment, specifically designed for active day traders.
The Virtual Trading Room allows individuals to trade from their home PC as if they were sitting in an institutional trading room. "The decision support systems, risk management systems, speed and depth of market data and order execution is as good or better than most professional Money Managers see or use" says Berber. The CyBerTraders send their orders along CyBerNet, a private Intranet, to CyBerCenter, the network and computing Center in Austin, TX through CyBerBroker, the NASD broker dealer.
"We have been able to position ourselves to benefit from two growth phenomenon - the use of the Internet and networking, allowing individuals to enter stock market orders from their PCs, plus the emergence of the day trading industry throughout the US" says Berber
The first remote CyBerTrader, who goes by the name of "Dr Risk" on Silicon Investor, posted a message on Silicon Investor saying "It is truly another world. You are to be credited for breaking new ground for the individual trader. I will forever be indebted to you for showing me a new vista on Wall Street and life. Congratulations on your pioneering courage"
CyBerCorp was formed in 1995 and designed and developed the CyBerTrader technology over an 18 month period and has been licensing the software to broker dealers who run day trading firms throughout the US. One year ago the firm employed 4 people, in 600 sq. feet, serving a handful of day traders. Today the company employs 21 people in 6000 sq. feet supporting almost 400 traders in around 45 day trading locations throughout the US. Traders currently use CyBerTrader to execute around 9 million shares each day on NASDAQ, around 1.5% of the average daily volume, and NYSE executions have recently become available.
For more information about CyBerCorp and CyBerTrader, please visit our newly updated website at www.cyber-corp.com
Michael Turner
Trader Services
CyBerCorp |
