sec.yahoo.com "Offset by a purchase of 100,000 shares of OptiMark Technologies, Inc.'s common stock for $1,000,000. OPTIMARK INVESTMENT
The Company in September 1998 utilized $1,000,000 of its cash to purchase 100,000 shares of the common stock of OptiMark Technologies, Inc. (OptiMark), a private, development-stage company based in Durango, Colorado. OptiMark owns all rights to the advanced trading technology of the OptiMark System, an electronic equity trading process, which offers investors the ability to match buying and selling orders in multiple ranges and sizes. The system utilizes advanced computers and patented algorithms in order to match the buyers and sellers within seconds and with anonymity. OptiMark currently has agreements with the Nasdaq National Market System and the Pacific Exchange. OptiMark also announced in September 1998 that it had entered into a joint venture agreement in Japan with Nihon Keizai Shumbun, Inc. (Nikkei), QUICK Corporation and the Osaka Securities Exchange, to adapt the OptiMark System for trading in Japanese listed securities. The OptiMark system began online trading through the Pacific Exchange at the end of January 1999. " techstocks.com www8.zdnet.com |