Belzberg's Internet Trading Gateway Selected For Internal Testing Of NYSE's Fix Solution.Business Editors 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 & TORONTO--(BUSINESS WIRE)--June 26, 2000 Belzberg Financial Markets & News International Inc. (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. :BELZ), a leading supplier of end-to-end global trading solutions, intelligent order routing systems and e-commerce gateways, announced today that it has entered into an agreement with 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. (NYSE NYSE See: New York Stock Exchange ) through its technology subsidiary, the Securities Industry Automation Corporation (SIAC SIAC See: Security Industry Automated Corporation SIAC See Securities Industry Automation Corporation (SIAC). ), to use the Belzberg Internet Trading Gateway as a driver for internal testing purposes to validate the NYSE FIX (Financial Information Exchange, a financial industry standard communication protocol) solution. Under the agreement, the Belzberg Gateway will be used as a testing platform in the development of the NYSE Common Access Point(TM) (NYSE CAPTM), a next generation access point that will serve as a universal bridge between NYSE business services and networks of NYSE members. The Belzberg Gateway was selected for the NYSE CAP development because of its solid reputation as a highly reliable protocol translation engine. The Belzberg Gateway is a scalable, high-speed, high-volume platform that receives trade orders communicated under any of a number of possible protocols such as FIX and dynamically routes them to the appropriate exchange for execution using the protocol in use by that exchange. In this way the Gateway functions as a technological bridge that facilitates 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. in today's environment of diverse technological infrastructures and standards. The Belzberg Internet Trading Gateway has proved to be a reliable trading solution for the financial industry having won numerous customers including BT Brokerage, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , State Street Brokerage, CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. , TD Waterhouse, HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) and others. Commenting on the significance of the agreement, Sid Belzberg, Chairman and Chief Executive Officer of Belzberg Financial said, "We are extremely pleased by the NYSE's selection of Belzberg's technology for testing protocols in connection with the NYSE CAP project. This initiative confirms our vision of the financial industry's migration from traditional securities trading methods to real time, fully electronic trading with direct access connectivity to exchanges worldwide." About Belzberg Financial Belzberg Financial Markets & News International Inc. (http://www.belzberg.com), with offices in New York, Chicago and Toronto, has been providing trading systems, order management systems, and protocol translation gateways to major Canadian and US financial institutions since 1993. Belzberg invented and received a patent for the world's first Internet message translation gateway for the Financial Industry, and brought it to market in 1996. Belzberg is currently extending its high-speed Internet gateway to include delivery of secure and personalized electronic information services See Information Systems. , transactions and payments on a broad range of mass-market wired and wireless Internet-enabled devices, such as personal digital assistants, digital mobile phones, and paging devices. This press release may contain forward-looking information, including statements regarding strategic direction. These comments constitute forward-looking statements (within the meaning of 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) which involve significant risks and uncertainties. Actual results may differ materially from the information discussed in these forward-looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward- looking statements are general economic conditions, competition, potential technology changes, changes in or the lack of anticipated changes in the regulatory environment in various countries, the ability to secure partnership or joint-venture relationships with other entities, the ability to raise additional capital to finance expansion, and the risks inherent in new product and service introductions and the entry into new geographic markets. |
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