So Raffie, you liked my post about the Access Wall Street deal. Here it is again. Interesting the way things worked out and we discovered that third parties provided the software and services mentioned below. Just what is it that was bought with the acquisition of Access Wall Street?:
NEW YORK--(BUSINESS WIRE)--June 24, 1998--PanAmerican BanCorp/Purewater (NASDAQ: OTC:PRWT) announced today the acquisition of Access Wall Street, a firm that provides state-of-the-art securities trading for investors.
The newly acquired company offers an all inclusive system that provides Level II market maker and exchange data, real-time quotes, news, charts, historical data, portfolio management and an extremely fast order execution system enabling investors by means of ECNs (Electronic Communications Network) to post bids and offers that are displayed throughout the financial community. The system provides for immediate execution on the NASDAQ as well as other listed exchanges rather than routing orders to third party intermediaries. This enables trade execution and confirmation of orders in a matter of seconds. Additionally, it provides the individual investor the ability to execute trades between the spread, achieving further savings over most currently available trading systems.
Originally developed to handle high-end, large volume trading and/or institutional stock traders, today, this innovative system can be accessed via the Internet as well as through Local and Wide Area Networks, and is the most enhanced application of its type offered over the Internet. The company is dedicated to bringing the most technologically advanced trading system to the individual investor and expects substantial growth in the near future. |
