To: TFF who wrote (1582 ) 12/16/1998 1:57:00 PM From: Paul K Respond to of 3216
"CyberTrader 1.7 Offers Greater Market Intelligence and Execution Control, Helping Traders Control Their Risk in Volatile Markets" AUSTIN, Texas, Dec. 9 /PRNewswire/ -- CyBerCorp, a leading-edge electronic trading technology company, has introduced a new version 1.7 of its high-end CyBerTrader platform that provides day traders and active investors with even more power and flexibility. One of its many new features, called Conditional Order Entry, gives traders the ability to pre-determine a complex set of conditions that will either generate a visual/audio alert or automatically execute a transaction in a stock. This makes CyBerTrader a safer, more intelligent and more flexible trading platform. Among the other new features are: More powerful and versatile Smart Keys which allow traders to automatically re-route non-responsive orders at an incrementally lower or higher price; Direct access to the Attain ECN and its Order Book, something CyBerCorp already provides with the Island ECN. Direct access to other well known ECNs is scheduled for Q1/99; Real-time profit & loss and activity reports for individual stocks and for the overall portfolio. These can display P&L changes as % change, absolute $ amount or number of points gained or lost since position entry. Also, CyBerTrader's Position Manager continuously highlights significant market maker activity in respect of open positions. These quantities are displayed in various formats such as numerical, textual or graphical; The ability to generate detailed statistical and analytical trading reports -- showing quantities such as the ratio of $avg. profit to $avg. loss, etc -- on an historical or intra-day basis from the PC; A new level II display that assigns different colors to transactions depending on whether they were executed at, outside or inside the bid- ask spread. The display also contains a tab for fundamental data, such as P/E, EPS, Dividend and 52-week Highs/Lows; An improved SelectNet box, which automatically identifies the most relevant market makers to which orders should be directed and; A more comprehensive sort capability in the portfolio Market View box, including sort by 16 different quantities, such as direction of last tick, bid-ask spread, etc. "CyBerTrader is designed by traders for traders. We listen very carefully to our customers and the improvements in this new version are a reflection of their expressed needs and wishes," said Phillip Berber, CyBerCorp's Chairman and CEO. "By providing our clients with more protective measures, greater access to the market and more intuitive features, we are increasingly putting day traders and other active investors on a level playing field, and in some cases ahead of, Wall Street market makers and other professional traders." Conditional Order Box Helps Traders Preserve Profits Having the ability to pre-determine when a transaction will take place (through the Conditional Order Entry box) encourages traders to plan their entry and exit strategies and reduces the risk of emotion becoming the driving force behind a trading decision. Traders can now for example instruct CyBerTrader to automatically exit a trade and lock in the accumulated profit if the trade's open equity falls by more than 20% from its peak. The new Trade Statistics & Analysis reports will assist traders in quickly identifying losing trading patterns or strategies and achieving the goal of consistent profitability. The new Smart Keys will also help traders and their bottom line. Typically, when an order is placed on CyBerTrader 1.7 a transaction takes place almost immediately. However, in those cases when the order isn't executed within 10 seconds, CyBerTrader 1.7 will re-route the order at 1/16th below or above the previous price as many as six times to affect the transaction. CyBerCorp, Inc. is an electronic trading technology company. Formed in 1995 in Austin, Texas, it is the parent company to three wholly owned subsidiaries: CyBerTrader Inc. -- which designs and develops proprietary electronic trading software and price server technology; CyBerCenter Inc. -- which provides networking and server facilities and software training and technical support and; CyBerBroker Inc. -- which provides next generation online electronic brokerage services to day traders and active investors by way of the "Virtual Trading Room." CyBerTrader is now used by almost 1,000 day traders and institutional money managers nationwide, on Wall Street, within day trading rooms and in remote traders' homes and offices. CyBerCorp's web site is cybercorp.com . For more information, please contact Holt Hackney, Communications Manager, at 512-320-5444 or hhackney@cybercorp.com.