CyBerCorp.com Moves to 12-hour Day, Offers Liquidity through Three ECNs for Evening Trading Session, Including MarketXT.AUSTIN, Texas--(BUSINESS WIRE)--Sept. 16, 1999-- CyBerCorp.com, a pioneer in 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. and brokerage services, will begin offering evening trading later this month, matching one other online brokerage for the longest trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. (12 hours) in the industry. What's different about CyBerCorp.com's decision to make a foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly" raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my evening trading is that it is making an unprecedented number of pools of liquidity available to existing and future customers. Beginning on Sept. 27, those using CyBerCorp.com can trade not only on the Island and NexTrade Electronic Communications Networks (ECNs), but also MarketXT, the revolutionary Alternative 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. that first offered evening trading earlier this summer. "To be able to offer not only evening trading, but trading through three ECNs is very significant for CyBerCorp.com's professional electronic traders," said Philip R. Berber, 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. and founder of CyBerCorp Inc., the online brokerage's parent company. "Finding liquidity during pre- and post-market trading has and will continue to be the biggest challenge for online investors. We believe that by taking this next step we are furthering a revolution in the online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. industry that is continuing to level the playing field between the institutional and individual investor." That CyBerCorp.com will provide access to multiple ECNs in the evening hours should surprise no one. During market hours, CyBerCorp.com offers direct-access links to the ECNs, meaning traders can route orders directly to ECNs, without using NASDAQ's SelectNet, which can be slow and costly. In addition, CyBerCorp.com has been offering trading to five ECNs 90 minutes before the market opens and another 75 minutes after since the spring of 1998. The common thread in all this, says Berber, is creating trading opportunities. "Whether it's evening trading, real-time trading signals and alerts, risk-management tools, such as stop-loss orders Stop-Loss Order An order placed with a broker to sell a security when it reaches a certain price. It is designed to limit an investor's loss on a security position. This is sometimes called a "stop-market order". , or intelligent order routing (where orders are routed to the optimum counterparty in that moment), CyBerCorp.com is striving to give professional electronic traders more opportunities to succeed." Along the same line, CyBerCorp Inc. will on Sept. 24 introduce CyBerTrader 2.0, its most sophisticated stock trading applications to date. About CyBerCorp.com CyBerCorp is a diversified e-commerce electronic brokerage and technology group based in Austin, TX. Formed in December 1995, it currently employs more than 90 people and projects revenues of around $20m in 1999, up 400% from 1998. It designs and develops the leading electronic trading software for day traders Day Trader A stock trader who holds positions for a very short time (from minutes to hours) and makes numerous trades each day. Most trades are entered and closed out within the same day. Notes: This is a highly speculative practice. (CyBerTrader) and online investors (CyBerX). Orders placed with CyBerCorp's software are routed to the company's wholly owned brokerage subsidiary, then forwarded to the optimal party in that moment. More than 2,000 traders use CyBerCorp's software both online and within trading rooms, executing more than 15 million shares a day. In September, CyBerCorp.com, which caters to the online traders, has averaged more than 10,000 trades a day, which will rank it among the top ten online brokers in the industry for the quarter. CyBerCorp's Web site is www.cybercorp.com. About MarketXT Inc. Formerly Eclipse Trading Inc., MarketXT is a New York-based company that offers its ATS product to subscribing brokerages, including Discover Brokerage, Dreyfus Brokerage Services, Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , and soon CyBerCorp.com. For more information from CyBerCorp, contact Communications Manager Holt Hackney Hackney, inner borough (1991 pop. 164,200) of Greater London, SE England, on the Lea River. Clothing manufacture (in Hackney) and printing and furniture making (in Shoreditch) are the borough's chief industries. London's first theater was built in Shoreditch (c.1575). at 512/320-5444, ext. 7645, or e-mail at Hhackney@cybercorp.com. |
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