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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (8151)	4/27/2000 10:30:00 AM
From: LPS5	Read Replies (2) \| Respond to of 12617

Jon, Try TCAM, Iris Financial, or XenoMorph. LPS5

To: Jon Tara who wrote (8151)	5/2/2000 11:15:00 AM
From: TFF	Respond to of 12617

Online Broker A.B. Watley Inc. Announces Release of Proprietary Direct Access Trading Software (BusinessWire, 05/2/2000 10:15) NEW YORK--(BUSINESS WIRE)--May 2, 2000-- - Scalable to serve hundreds of thousands of simultaneous users - Creates a new standard in electronic trading technology and will be the foundation for new products and services - Revenue generating opportunity through potential B2B licensing agreements - Software expected to significantly increase operating margins A.B. Watley Group Inc. (NASDAQ:ABWG) premier provider of online and Institutional trading services through its brokerage firm A.B. Watley, Inc. (www.abwatley.com), today announced the imminent release of its next generation, direct access proprietary online trading and market information software. The direct access software has been developed for the use of active traders and investors. Benefits of the proprietary software to A.B. Watley include significantly increased scalability, reliability, and manageability. The Company expects the proprietary software to substantially increase operating margins by dramatically lowering software licensing and data services fees. UltimateTrader II is an enterprise system architecture that the Company will use as a basis for developing new products and services. In addition, the development of the new platform creates business-to-business opportunities for A.B. Watley. "The release of UltimateTrader II gives A.B Watley the ability to scale and manage its systems in an unprecedented fashion while delivering what the Company believes to be the most reliable and fastest online trading and market data services to our clients. The platform utilizes sophisticated multi-casting and parallel processing technology. Our customers and any company that may license the product will receive real-time, streaming market data including NASDAQ level II quotes, access to multiple ECNs, real-time account information including profit and loss, buying power, and rapid order execution and confirmation," stated Leon Ferguson, Chief Information Officer and Senior Vice President. "Much of the work we have done is reusable and will serve as the foundation for many new projects." "Leon Ferguson and his division of 40 information technology professionals have created the most advanced direct access trading platform in the online industry," stated Chairman and Chief Executive Officer Steven Malin. "The rollout of our proprietary direct access software during the next quarter will allow us to increase our client base dramatically with minimal system administrative and technical restraints. The platform is scalable to handle hundreds of thousands of simultaneous users. The reliability and scalability of the software will allow us to maintain our prime mover status in the fast growing direct access market." Prior to joining A.B. Watley Group, Mr. Ferguson was the Director of Information Technology at WorldCom, Inc. Mr. Ferguson was appointed Senior Vice President and Chief Information Officer of A.B Watley Group Inc. in 1998. He also founded and served as Chairman of Digital Communications of America, Inc. a software development company specializing in high-speed transaction solutions for the long distance telecommunications.