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Monday November 22, 1:46 pm Eastern Time
Company Press Release
SOURCE: National Discount Brokers/NDB.com
National Discount Brokers/NDB.com Partners With Aether Systems to Provide Wireless Stock Trading
NDB to Offer Customers Secure Wireless Trading, Financial Markets Information Mobile E-mail and Web Access via Palm Devices and WAP-based Smart Phones
NEW YORK, Nov. 22 /PRNewswire/ -- Taking online trading to the next level, National Discount Brokers/NDB.com, a leading Internet and financial services company and subsidiary of National Discount Brokers Group, Inc. (NYSE: NDB - news) announced today that the Company has chosen Aether Systems Inc. (Nasdaq: AETH - news) to provide its customers with a complete stock trading, e-mail and Web access service over multiple wireless handheld devices. The upcoming service will offer NDB's customers a way to trade stocks, check their accounts and receive real-time quotes and market information.
NDB customers also will be able to use the service to send and receive e-mail and access Web content provided by OmniSky Corp., the nation's first wireless Internet service provider. Aether is a joint principal owner of OmniSky along with 3Com Corp. NDB plans to roll out the service over multiple devices, beginning with the Palm III, IIIx and V handheld organizers and, as well as smart phones using the Wireless Application Protocol (WAP), and eventually including Windows CE devices and other wireless handheld platforms as they emerge.
''At NDB we know the value of providing our customers with real-time, mission critical trading information whenever and wherever they need it,'' said Chris McQuilkin, President and CEO of National Discount Brokers/NDB.com. ''We chose Aether because they were the only ones who could give us not just a single wireless offering, but a complete strategy. Their expertise will allow us to offer our customers a full suite of services when using wireless phones and handheld computing devices and adds another important channel to reach us.''
The service will allow users to:
Trade equities, mutual funds and options
Get real-time market quotes
Review account balances, holdings, orders and activities
Get alerts on breaking market or stock activity
Program up to six e-mail addresses on a single Palm device
Access dozens of Internet sites that use the Palm Web Clipping platform, which optimizes Web content for viewing on small wireless devices.
''National Discount Brokers/NDB.com is a proven leader in the online trading world and we're excited about bringing the world of wireless data to them,'' said Aether Systems President and Chief Executive Officer David S. Oros. ''They understand the need for a single, integrated wireless data solution that can grow and adapt as they grow, and as technology evolves.''
NDB is planning two levels of service. The first service offering will allow customers to receive unlimited wireless access to stock trading and real-time quotes, financial market information, e-mail and Web browsing. NDB also will provide a lower-priced offering allowing customers to trade, get e-mail and access the Web using WAP-enabled smart phones and other devices. NDB will handle customer support for all trading, while Aether will provide the technical support to end users through its customer service center.
The service, which NDB plans to make available to its customers during the first quarter of 2000, will operate using fast, secure wireless data network links-made possible through Aether's Intelligent Messaging (AIM) software platform and network operations center in Owings Mills, Md. Aether also will provide all engineering development, hosting and technical support for the service.
The agreement with NDB marks the first time Aether will integrate the new wireless Web and e-mail services of Omnisky with its own customized wireless data services.
The announcement also makes NDB the first customer to use Aether's newly announced WAP Enterprise Center, part of Aether's expanded network operations center that offers enterprises a full menu of WAP development, hosting, security and customer support services.
About National Discount Brokers
Headquartered in Jersey City, New Jersey, National Discount Brokers Group, Inc. is the parent company of two financial services entities: National Discount Brokers/ndb.com and Sherwood Securities. National Discount Brokers at August 31, 1999 had 159,000 customer accounts, with assets of $7.4 billion. Sherwood Securities' main operations are as a market maker in approximately 4,200 Nasdaq and other OTC securities. The Company has offices in Jersey City, New York, Los Angeles, Chicago, San Francisco, Denver and Boston. Customers can access National Discount Brokers at ndb.com via the PowerBroker automated touch-tone telephone system (800-631-8884) or by calling 800-4-1-PRICE.
About Aether
Aether Systems, Inc., is a one-stop provider of wireless software and services connecting people to the information they need, wherever and whenever they need it. Aether allows individuals to receive real-time data on handheld wireless devices, using virtually any kind of wireless data network. Aether's ability to deliver real-time, secure and reliable wireless solutions comes through proven expertise in wireless system engineering, software tools and services, wireless network operations, product fulfillment and customer support. For more information, visit the Aether Web site at aethersystems.com.
SOURCE: National Discount Brokers/NDB.com
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