Ameritrade to Acquire Accounts from BrokerageAmerica.Business Editors NEW YORK & OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--Oct. 2, 2003 Ameritrade Holding Corporation (Nasdaq:AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ) and BrokerageAmerica LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced they have signed a definitive agreement providing for Ameritrade to purchase the online retail accounts of BrokerageAmerica. The acquisition includes approximately 11,500 accounts. The parties intend to close as soon as possible. For Ameritrade, this transaction follows its account acquisition of Mydiscountbroker.com in June, last year's merger with Datek Online Holdings Corp. and the 2001 acquisition of National Discount Brokers Corporation. "This is a natural fit for BrokerageAmerica clients, who will find the Ameritrade offering provides excellent value, service and products. It should also enhance our shareholder value," said Joe Moglia, chief executive officer at Ameritrade. "This transaction will enable BrokerageAmerica to focus on our core strengths: providing quality execution and enhanced liquidity for broker/dealers and institutional investors across a continually expanding list of securities," said Drew Sycoff, chief executive officer at BrokerageAmerica. About Ameritrade Holding Corporation Ameritrade Holding Corporation has a 28-year history of servicing self-directed investors. Ameritrade develops and provides innovative brokerage products and services tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners. With 3 million client accounts, Ameritrade, Inc.(1), a subsidiary of Ameritrade Holding Corporation, is a leader in the online brokerage business, recently receiving Forbes "Best of Web" honors as well as an overall four-star rating, and a top rating for "Ease of Use" and "Research Amenities" on the Barron's 2003 Online Broker Survey. For more information, please visit www.amtd.com. About BrokerageAmerica Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , BrokerageAmerica, LLC is a leading provider of equity execution services to broker/dealers and institutional investors. BrokerageAmerica has regional offices in Boston and San Francisco. BrokerageAmerica is a member of the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. and MSRB MSRB See Municipal Securities Rulemaking Board (MSRB). . (1) Ameritrade, Inc., member NASD/SIPC |
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