CyberTrader Launches Wireless Direct Access Stock Trading via Palm Devices.Business Editors ANAHEIM, Calif.--(BUSINESS WIRE)--August 17, 2001 CyberTrader, Inc, the direct access brokerage subsidiary of The Charles Schwab Charles Schwab can refer to:
CyberTrader unveiled the new wireless technology at the International 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. Expo, which runs today through Sunday Aug. 19 at the Anaheim Convention Center Anaheim Convention Center is a major convention center in Anaheim, California. It is located across from the Disneyland Resort on Katella Avenue. Much of the Anaheim Convention Center has been renovated in recent years with state-of-the-art facilities. . Greg Ferris, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , said CyberTrader's customers have been anticipating the development of wireless direct access trading to augment their active trading needs while away from their principal trading locations - in most cases their home or office computers. "In today's trading environment, we're seeing direct access traders holding positions for longer periods of time - hence our customers desire the ability to open and close positions and manage their accounts at times when it may be more convenient to use a remote device," Ferris said. "We've designed a robust wireless trading environment that extends CyberTrader's state-of-the-art trading platforms." Customers will now have wireless access to CyberTrader's proprietary order routing capabilities that provide a gateway to 10 ECNs and over 450 market makers, in addition to direct access order routing to the Redi and Island ECNs. Real time quotes, customizable stock lists, and account statistics are also available. Customers who own a Palm V, with a modem, or Palm VII can begin trading by accessing their accounts through the Palm browser or PQA (Palm Query Application) A capability for radio-enabled Palm devices that locates the home page of a wireless application in the Palm itself. Compiled into binary form for compactness, the pre-stored home pages serve as launching pads to the wireless Web site. . CyberTrader Direct is a service designed specifically for CyberTrader clients and is a distinct offering from Schwab's PocketBroker service, which allows Schwab's clients to access their accounts, check balances, read news, make trades or check quotes. For more information about CyberTrader, Inc. please visit www.cybertrader.com or call 1-888-76-CYBER. About CyberTrader Inc. CyberTrader, based in Austin, Texas, is a Direct Access Broker specializing in electronic trading and brokerage services. CyberTrader provides customers with real-time streaming data as well as direct connections to the markets via 10 ECNs, all 4 options exchanges and over 450 market makers. In March 2000, CyberTrader was acquired by Charles Schwab and is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Charles Schwab Corporation. |
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