CSCO Opens Global Trading On 13 Exchanges Via CaribSecurities.com.Business Editors DALLAS--(BUSINESS WIRE)--July 5, 2001 Mark this date. History will record it as the day stock trading truly went global. It is the day CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer Ltd. goes online with its GIST -- Global Internet-based Stock Trading -- system, and invites all traders to join in. Traders who open a GIST account today at CSCO's CaribSecurities.com can trade directly on any one of 13 international stock exchanges, including the 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 , NYSE NYSE See: New York Stock Exchange , Amsterdam, Brussels, Frankfurt, London, Paris, EASDAQ See European Association of Securities Dealers Automated Quotation. , Tokyo, Osaka, Nagoya, JASDAQ Jasdaq See: Japanese Association of Securities Dealers Automated Quotation System , NASDAQ Japan exchanges. Look for additional exchanges to join the array in the coming months. "We're ready," said David Lenertz, director of CSCO Ltd. "Is the rest of the world ready for us? How many investors will be able to tell their grandkids they were the first to trade internationally on the GIST system?" To open an account, Lenertz said, the investor just goes to CaribSecurities.com and follows the simple directions. Deposit $2,500 or more in cash or securities and you are ready to trade planet-wide. The activation fee of $249.95 won't apply to those traders who act immediately. CSCO has posted an online account documents request form on the CaribSecurities.com site. Based upon where you live and the type of account you wish to open the appropriate forms will be sent to you via fax or e-mail. Accounts can be opened within 24 hours and become active as soon as they are funded. "I know investors have heard halfway procedures and mutual funds called `global' trading," Lenertz said, "but the GIST system is the first truly global trading system ever. It gives the individual trader immediate access to major exchanges all over the globe. "We are bringing down the barriers to trading throughout the world," said Lenertz," and I won't even guess at the enormity of the impact that will have on investing." Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: This release may contain certain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities and Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Actual events or results may differ from the Company's expectations. |
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