Blackwood Trading, LLC Announces Quarterly Trading Volume Increase of 63%; Direct Access Technology Provider Executes More Than 30,000 Electronic Trades Daily.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 16, 2000 Blackwood Trading, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a premier financial software development and leading direct access provider, today announced that its 3Q 2000 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. dramatically increased by 63% compared to its 2Q 2000 volume. Executing more than 30,000 electronic trades per day, Blackwood boasts as many trades as the top U.S. brokerage firms. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. national statistics, there are an estimated 10,000 professional traders this year--an increase from approximately 7,000 traders last year(1), with the active trader (30 + trades/quarter) accounting for 85% or 910,000 of 1.68 million daily trades(2). "Blackwood's dramatic growth is a direct result of increased awareness and growing acceptance of Blackwood's direct access technology as the platform of choice for professional traders, particularly in the Wall Street community," said Craig Schlifstein, managing partner, Blackwood Trading. "By consistently delivering superior trading solutions and expanding our international footprint through our partnership with Tradition Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , we are confident that Blackwood's trading volume will increase exponentially ex·po·nen·tial adj. 1. Of or relating to an exponent. 2. Mathematics a. Containing, involving, or expressed as an exponent. b. ." (1) Boston Globe/Burelle's 10/15/00 (2) Robertson Stephens 7/25/00 About Blackwood Trading, LLC Headquartered in the heart of New York's financial district, Blackwood Trading (http://www.blackwoodtrading.com) is a premier financial software development and trading management company offering the most advanced direct access trading Direct access trading is a technology which allows stock traders to trade directly with market makers or specialists, rather than trading through stock brokers.[1] system in the financial community. Blackwood's AXcess technology is changing the way Wall Street trades securities by providing its retail and institutional customers with direct, equal access to all sources of liquidity, and by offering unbiased, electronic order routing technology that automates the strategies of the most successful Wall Street traders. |
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