Datalink.net to Enable thinkorswim to Provide Unprecedented Wireless Access for Trading and Financial Account Management.Business Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 7, 2000 Datalink.net (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 : XLNK XLNK Xml Linking Language ) a leading provider of wireless information technology, today announced a contract with the innovative, start-up, electronic brokerage firm thinkorswim, Inc. to develop and license a new application providing individual and institutional customers with new wireless services offering advanced, expanded access Expanded access refers to the inclusion of patients in a clinical trial for a new therapeutic treatment or chemical entity, where those patients would not satisfy the enrolment criteria for the scientific study in progress. and manageability for financial accounts including trading. Datalink.net and thinkorswim, Inc. will develop thinkAnywhere(TM), a mobile option-trading platform that will be introduced later this year. The application will offer complete, wireless access to individuals' brokerage accounts, allowing users to view everything from stock and option quotes to theoretical risk. It will also offer the ability to send stock and option orders and receive execution reports. Current systems only allow customers to see stock quotes and enter stock trades through their wireless devices. With thinkAnywhere, customers will have real-time access to both stock and option quotes, execution capabilities for stock, option, and spread orders, and real-time position risk and profit/loss. The product will use fully functional analytical tools that will allow sophisticated option trading requiring advanced risk management features. ThinkAnywhere will be the first product to make professional-level tools available to investors wherever they are. Datalink.net will develop the systems architecture for the thinkAnywhere(TM) application, and thinkorswim, Inc. will develop the front-end, Web-based application See Web application. . Using Datalink.net's unique filtering and data customization capabilities, subscribers will be able to receive relevant, timely financial account information directly on their RIM devices. "ThinkAnywhere will be a significant addition to Datalink.net's financial services portfolio," said Anthony N. LaPine, Datalink.net 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. . "By providing customers with a single wireless window from which they can remotely manage all aspects of their brokerage account, including option transactions. Datalink is developing one of the most advanced financial transaction wireless networks available." "We are very excited about our alliance with Datalink.net, a leader in providing wireless financial services. I expect thinkAnywhere to be the first full-function, advanced and easy-to-use mobile offering available for individual or institutional traders," said Joel Blom, CEO of thinkorswim, Inc. Datalink.net - The Wireless Architects(TM) Datalink.net powers a new generation of wireless devices, enabling enterprises and consumers to customize, interact with and respond to critical business data. As a pioneering wireless application service provider and infrastructure architect, Datalink.net has become the top provider of consumer wireless data and the first company to deliver real-time wireless financial information. In conjunction with Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , Datalink.net developed Global Market Pro(TM), a wireless application for traders and financial professionals. Through its acquisition of Cross Communications the company serves a portfolio of marquee customers, including AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , AT&T, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Dow Jones, Citibank, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , Motorola and Qualcomm. Datalink.net is based in San Jose, CA with research facilities in Vancouver, British Columbia and offices in Chicago, Florida and 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 . For more information: http://www.datalink.net. About thinkorswim, Inc. Founded in 1999 in a strategic partnership with National Australia Bank The National Australia Bank or NAB (ASX: NAB, LSE: NAB, NYSE: NAB, TYO: 8637 ) is part of the NAB Group. It is the largest bank in Australia by assets, and 28th largest in the world. , thinkorswim's goal is to provide expertise and cutting-edge tools to the world's smartest online investors in order to be the world's premier electronic brokerage firm specializing in options and new financial products. Thinkorswim offers its customers sophisticated training and money management resources on the web, to better manage and invest their financial portfolios. The management team consists of industry professionals, all with close to two decades of experience. Combined with the financial backing of one of the world's largest banking institutions, thinkorswim brings a new look to an otherwise stale industry. This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions 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. Words such as "intends," "believes" and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of finance, the ability to reduce operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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