Ashton Technology Group Announces Alliance with Belzberg Financial Markets and News International, Inc.PHILADELPHIA--(BUSINESS WIRE)--Sept. 27, 1999-- The Ashton Technology Group, Inc. (Nasdaq Small Cap: ASTN ASTN Automatic Switched Transport Network (optical networks) ASTN Automatically Switched Transport Network (ITU-T) ASTN Automotive Satellite Television Network ASTN Astern ASTN Astronomic ) today announced that it has signed an agreement with Belzberg Financial Markets and News International, Inc., which will allow Ashton's electronic volume weighted average price trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. (eVWAP(tm)) to receive trades through Belzberg's Internet and Intranet electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. terminals. eVWAP(tm) is Ashton's fully automated, pre-market opening trading system that permits investors to execute and price stocks at that day's volume weighted average price. Donald Wilson Donald (or Don) Wilson might refer to:
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Belzberg said, "Belzberg's customers will now have the opportunity to use Ashton's eVWAP(tm) to execute trades priced at the true volume weighted average price with utmost confidence of confidentiality that both Ashton's and Belzberg's systems afford. eVWAP(tm) will immediately enhance our customer trading product offerings for U.S. securities." Fredric Rittereiser, President and 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. of Ashton, stated, "with Belzberg's client focus on brokerage houses and Ashton's focus on institutions, our partnership should provide a perfect complement to increase eVWAP(tm) liquidity and business in both of our respective systems." Belzberg, a Canadian company, has developed systems to process brokerage firm transactions over the Internet and on corporate Intranets. Belzberg's suite of office products include the Internet Gateway, the Order Management System, and the Internet Trading System, which encompasses Single Order Entry software, Basket Trading software, and the Arbitrage Launcher. Belzberg currently deploys approximately 500 trading terminals at large international brokerage firms throughout the U.S. and Canada, a number of which reside on the floor of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Ashton Technology Group is developing a family of on-line transaction systems using advanced telecommunication technologies, computing technologies, together with data and information security technologies to facilitate global financial transactions. Ashton's proprietary transaction systems are made available to end users through networks, third parties, and the Internet. The forgoing news release contains forward looking statements based on current management expectations, including that the alliance with Belzberg will meet the Company's expectations. Factors which could cause actual results to differ from current expectations include the volume of orders which UTTC UTTC University Technology Training Center UTTC Universal Tape-to-Tape Converter will receive from Belzberg, the costs of processing such orders and whether the orders serve to increase liquidity on the eVWAP(tm) and Belzberg's system. A discussion of other factors which may cause actual results to differ from current expectations can be found in Ashton's reports filed with the SEC. |
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