To: agent99 who wrote (6141 ) 1/6/1999 8:20:00 PM From: TFF Read Replies (3) | Respond to of 12617
CyBerCorp Breaks Monopoly With Introduction of Price Server 12:13 p.m. Jan 05, 1999 Eastern AUSTIN, Texas, Jan. 5 /PRNewswire/ -- With a flip of a switch on January 4, CyBerCorp, Inc., an electronic trading technology and brokerage services company, began operating on its own price server, which means CyBerCorp will be among the fastest in the industry at transmitting data. A price server is a program that acts as an interface between the market data feed and the trading application. The announcement also heralds the breaking of a monopoly in the price server market, which was previously dominated by Townsend Analytic of Chicago, Ill. "This breaks a monopoly, extends our proprietary territory and at the same time improves the range of brokerage services that we can offer to our customers," said Philip Berber, Chairman and CEO of CyBerCorp, Inc. "Our price server currently interfaces directly with PC Quote and S&P ComStock data feeds and more are planned." Individual day traders, who use CyberTrader via the Internet and CyBerCorp's online brokerage (CyBerBroker), will benefit immediately. Those who use CyBerTrader in broker-dealer trading rooms will start to come on line on January 15. Access to the price server will also be offered to a wide number of financial data and system vendors. Berber said the project was a year in the making and took approximately 60 percent of the company's software development resources. Since Townsend's price server was developed some years ago, Berber felt there were areas that CyBerCorp could improve on and ultimately provide a faster price server, including real-time Level II data, charting, database and decision support tools. "Design is everything when it comes to a price server and ours is state- of-the-art," said Berber. 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 online investors via the Internet. CyBerCorp's web site is cybercorp.com . For more information, please contact Holt Hackney, Communications Manager, at 512-320-5444 or hhackney@cybercorp.com. SOURCE CyBerCorp, Inc.