A.B. Watley Technology to Help Power E*TRADE Pro Direct-Access Trading Tool.Business Editors NEW YORK--(BUSINESS WIRE)--April 3, 2001 A.B. Watley Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ABWG), a premier provider of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. technology (www.abwatley.com), is about to begin integration testing (testing) integration testing - A type of testing in which software and/or hardware components are combined and tested to confirm that they interact according to their requirements. Integration testing can continue progressively until the entire system has been integrated. of E*TRADE Pro, a direct-access trading product developed with E*TRADE Securities, Inc. "With direct access order routing to ECNs and market centers, streaming Level II quotes, and dynamic order management, E*TRADE Pro will be an exciting addition to our Power E*TRADE program" said Pam Kramer, Chief Global Product and Content Officer at E*TRADE. "A.B. Watley's trading technology provides a key component of this leading-edge tool." A.B. Watley's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Steven Malin commented that, "Under the terms of our software licensing contract (please reference March 19, 2001 filing at www.freeedgar.com), E*TRADE is licensing the data delivery and presentation layer portions of our technology. We are extremely excited about working with such a powerful global brand. Our shareholders should know that we have been very hard at work integrating with E*TRADE's technology, and that the development cycle is nearing a close. We look forward to the beta program, launch, and revenues in the near future." "Our B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business technology division is poised to be a leading growth segment of our business. The completion of this project is an extremely important milestone for the company and really shows that we have among the highest quality software development teams in the industry." continued Mr. Malin. ABOUT A.B. WATLEY GROUP INC. A.B. Watley Group Inc. is a financial services company that also owns and operates A.B. Watley, Inc., a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of based NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). registered broker/dealer. A.B. Watley, Inc. is among the largest direct-access brokerage firms in the industry and operates an Institutional Sales and Trading Division specializing in the execution of complex and sensitive large-block equity transactions for institutions. A.B. Watley Group licenses software technology and provides trading solutions for E-Brokerages and clearing corporations. A.B. Watley Group Inc.'s competitors include NYFIX, E-Speed, OM Group, Trade Cast. SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. STATEMENT Certain statements contained herein, including statements regarding the development of services and markets and future demand for services and other statements regarding matters that are not historical facts, are forward-looking statements (as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, as amended). Any number of conditions may occur which would materially affect important factors in this analysis and materially change expectations. These factors include, but are not limited to, customer trading activity, loss of one or more significant customers, change in technology, issues involved in the launch of new or modified software programs, issues involved in acting as licensor for proprietary software, shifts in competitive patterns, ability to manage growth effectively, risks associated with acquisitions including integration risks, risks associated with strategic partnerships, various project-associated risks, substantial competition, general economic conditions, risks associated with intellectual property rights, risks associated with international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and other risk factors listed from time to time in A.B. Watley Group Inc.'s filings and reports with the Securities and Exchange Commission. A.B. Watley Group, Inc. and E*TRADE Securities, Inc. (member NASD/SIPC) are separate, unaffiliated companies. |
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