BTG Awarded Multi-Million Dollar NASD Program; Company Will Develop Order Audit Trail System for Nasdaq Market.FAIRFAX, Va.--(BUSINESS WIRE)--Aug. 13, 1997--BTG, 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 : BTGI) announced that it has signed an agreement with the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , Inc. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ) subsidiary, NASD Regulation, Inc. (NASDR NASDR See NASD Regulation, Inc. (NASDR) ), to partner in the development of a hardware and software system. The new system will enhance NASDR's ability to conduct surveillance of order handling and trading activities in the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. . Under a pending NASD Rule, the NASD's member firms will be required to capture and report electronically data on specified events in the lifecycle of each order for Nasdaq equities. The NASDR will use the computerized system to receive these daily reports and to create an integrated audit trail of order, quote, and trade information. BTG BTG BIT (Built-In Test) Target Generator BTG Bridging the Gap BTG British Technology Group BtG Betreuungsgesetz (Germany) BTG Biomass Technology Group BV BTG Begbies Traynor Group is the prime integrator for the Order Audit Trail System (OATS). This mission-critical application will allow NASDR to observe and analyze activities on the Nasdaq Stock Market, which is the second largest and fastest growing stock market in the world. OATS, which is scheduled to be operational in August 1998, will have a phased rollout following pilot trials and testing conducted by NASD member firms. BTG will design the architecture, integrate the hardware and software, develop any custom software required, and support the pilot trials. The system will be designed for eventual growth to handle daily trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. of five billion shares. BTG will also provide help desk support and training in the use of the system. Mark Landi, BTG Vice President of Commercial Sales said, "We are very pleased to be working with NASD to help its member firms and their clients. We are combining our expertise in systems integration with the resources of strategic partners such as Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. to give NASD an efficient and cost-effective system." Landi said the NASD project reflects BTG's commitment to providing complex information technology solutions to the commercial sector. BTG, one of the largest systems integrators to the federal government, began focusing on the private sector last year. The company's commercial revenue has more than doubled since then, with projects for industry leaders such as BellSouth, Eli Lilly Eli Lilly can refer to:
BTG provides information technology services and products to government and commercial clients. The company specializes in systems engineering, integration and network systems, Internet/intranet access and services, community networks, custom computer manufacturing, and the reselling of hardware, software and services. The company is headquartered in Fairfax, Virginia. Additional information on BTG is available on the Internet at www.btg.com, by e-mail at info@btg.com, or by calling 703-383-8000. CONTACT: BTG, Inc. John Graham, Vice President, Corporate Affairs, 703/383-8147, investor@btg.com (Investors) or Theda Parrish, Communications, 703/383-8145, CorpComm@btg.com (Editors) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion