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

To: Gary Korn who wrote (8532)	12/1/2000 10:29:56 AM
From: TFF	Respond to of 12617

A.B. Watley And ETRADE Enter Into A Relationship To Develop `Best-Of-Breed' Direct Access Trading Technology Business & Technology Editors NEW YORK--(BUSINESS WIRE)--Dec. 1, 2000-- - A.B. Watley and ETRADE will work together to create a proprietary `Direct Access' product offering for ETRADE customers - Significant event in Watley's emerging B2B efforts as the Company continues its transition to a hybrid financial services technology provider A.B. Watley Group Inc. (NASDAQ: ABWG), premier provider of financial services technology (www.abwatley.com), today announced that ETRADE Group Inc. (NASDAQ: EGRP) will license features of Watley's proprietary `Direct Access' trading software and work together to create a customized trading product. "This agreement is both a validation of the quality of our proprietary technology and a tremendous business opportunity. We have spent considerable resources developing this technology and are extremely pleased that we can now count E*TRADE, a market leader in online financial services, as a significant alliance," stated Tony Huston, President of A.B. Watley Group Inc.