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Harrisdirect Introduces MarketPort Active Trader Platform; New Offering Features $9.99 Commissions and Enhanced Trading Functionality.


Business Editors

JERSEY CITY, N.J.--(BUSINESS WIRE)--Oct. 28, 2003

Harrisdirect (www.harrisdirect.com), a leading provider of online investment services, today announced the introduction of MarketPort, an integrated direct access platform tailored to meet the unique needs of investors who trade more frequently - generally over 20 times per month.

MarketPort offers clients 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]  capabilities through leading ECNs including Island(R) (ISLD), Archipelago(SM) (ARCA), and Instinet (INCA) as well as direct routing to the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 (NYSE NYSE

See: New York Stock Exchange
) and American Stock Exchange American Stock Exchange (AMEX)

Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921.
 (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. ).

MarketPort clients also receive a more favorable commission and fee schedule. Individuals trading over 20 times per month pay $9.99 per trade, while those trading between 1-19 times per month pay $12.99 per trade.*

In order to qualify for MarketPort, clients must have an approved Harrisdirect margin account as well as a minimum opening balance of $50,000.

"MarketPort will introduce Harrisdirect to a broad new universe of investors. We have been recognized throughout the industry for the quality and scope of our offering in meeting the needs of disciplined, informed investors with long-term objectives," said Bruce Schwenger, President and 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.  of Harrisdirect. "Now, more active investors will have access to the same premium services we have always offered with added functionality, delivered at discount prices."

In addition to the full menu of tools and resources of the standard Harrisdirect platform, MarketPort clients receive:

-- Nasdaq Level II Quotes and ISLD, ARCA and INCA Order Books,

with integrated 1-click order input.

-- Streaming real-time market data and technical charting

-- Time & Sales - which enables an investor to see actual trade

prints as they are reported to the consolidated tape.

-- Fully customizable trading platform features.

-- Intelligent order routing capabilities that search for the

best possible price available at the time of order entry.

-- Direct toll-free telephone access to experienced trading

support representatives

-- Real-time day-trade buying power up to four times that of NYSE

Maintenance Excess

-- All information viewable on one screen (Positions, Order

Status, History, and more)

-- Demo mode to explore and learn trading functions

System requirements for MarketPort include:

-- Microsoft Windows 2000/XP/NT 4.0/ME

-- CPU CPU
 in full central processing unit

Principal component of a digital computer, composed of a control unit, an instruction-decoding unit, and an arithmetic-logic unit.
 - 800 MHZ or greater

-- RAM - 128 MB or greater

-- Video - PCI (1) (Payment Card Industry) See PCI DSS.

(2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus).
 or AGP card with 32 MB RAM (or greater) on the

video card

-- Internet Connectivity - DSL, cable modem or better

For additional information, please visit http://www.harrisdirect.com/marketport-launch.htm.

Harrisdirect is a part of The Harris wealth management group and is a leading provider of direct investing services to informed investors with long-term financial goals. For more than a century, the Harris organization has built its reputation on trust, experience and the highest level of personal service. Today The Harris delivers a full suite of brokerage, private banking, trust and investment and wealth advisory services through professionals dedicated to assisting individuals and families in managing their financial futures. The Harris represents the U.S. wealth management businesses of BMO Financial Group (NYSE, TSX: BMO). For more information, please visit www.theharris.com or www.harrisdirect.com.

* Broker assisted trades are subject to an additional $25 surcharge. A monthly Software and Data Fee of $129 is waived for clients trading 20 or more times during the month. The fee is also not charged for the first two calendar months when a client signs up for MarketPort. However, starting in the third calendar month, if a client does not reach the necessary 20 trades, the monthly fee is automatically deducted from the account on the first of the following calendar month for the month in advance.

"The Harris" is a trade name used by various financial service providers in the BMO Financial Group, a marketing name used by Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad.
Bank of Montreal/Banque de MontrĂ©al (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I).
. Harrisdirect (HD) and Harris AdvantEdge Investing (HAI) are divisions of Harris Investor Services LLC (HIS), a registered broker dealer, member NASD NASD

See: National Association of Securities Dealers


NASD

See National Association of Securities Dealers (NASD).
 and SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. . Products offered by HIS, HD and HAI are NOT FDIC FDIC

See: Federal Deposit Insurance Corporation


FDIC

See Federal Deposit Insurance Corporation (FDIC).
 INSURED, HAVE NO BANK GUARANTEE, and MAY LOSE VALUE. Not all products and services are offered in every state and/or location.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 28, 2003
Words:672
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