AlphaTrade.com CIO Rafael deNoyo talks to The Wall Street Transcript.NEW YORK--(BUSINESS WIRE)--March 1, 1999--The Wall Street Transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding. A transcript of record has published an in-depth interview with Rafael deNoyo of AlphaTrade.com (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :EBNK), in which he talks at length about his company's future. He says, "Alpha Trade is going to be a financial web portal See portal. private-branded to mid-size and regional brokerage firms. A regional brokerage firm, for example, does not have the resources or the expertise to develop a major financial web site like DLJ DLJ Distributor License for Java DLJ Donaldson, Lufkin & Jenrette Inc. DLJ Drive Like Jehu (band) DLJ Defence Laboratory Jodhpur (India) DLJ Dead Letter Journal Direct or E-Trade. However, by working with AlphaTrade, they will have a private-branded site that will allow them to maintain the clients who want to trade on-line." He explains, "A similar circumstance is Kmart tires. If you go to Kmart and buy a set of tires, it may have the Kmart brand, but Kmart does not have a tire manufacturing plant. They have private-branded a Goodyear or Goodridge tire. This is the same for the private labeling of our financial web portal. This private labeled site will provide their clients with the ability to review their account, make trades, do stock research and eventually conduct their banking over the net through their brokerage account Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. . For these brokerage firms that really can't afford to put up a first class website, AlphaTrade is the answer." Looking forward, he states, "We are targeting brokerage houses with a customer base between 25,000 and 200,000 customers. We have identified 58 of them and will be marketing to those as we build our site. We're in the development phase and will be ready for beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the in about 30 days." To read the complete interview, go to http://www.twst.com/ceos.htm. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. for over 35 years. The Transcript publishes industry roundtables and interviews with Wall Street analysts, money managers, and Company CEOs, and is read by top money managers, brokers, and individual investors. For subscription information call (800) 246 -7673. |
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