Island ECN Uses Netkey to Bring Its Open Marketplace to the Sidewalks of "Wall Street".Business Editors and Technology Writers NEW YORK--(BUSINESS WIRE)--Jan. 8, 2002 Netkey, Inc., the leading provider of enterprise solutions for self-service systems, today announced that Island ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. is using Netkey software and services for kiosks that provide Wall Street traders and visitors with real-time financial information and trading data. Island ECN worked with Netkey to equip two Web-enabled kiosks that passers-by may access from the sidewalk A Microsoft service that was launched in 1997 to provide online arts and entertainment guides on the Web for major cities worldwide. In 1999, Microsoft sold Sidewalk to Ticketmaster, which continued to provide guides, ticketing and other information to the MSN network. outside The Island marketplace street-front Broadcast Studio in the heart of Manhattan's financial district, next door 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. . The kiosks provide users with access to Island's real-time online representation of its limit order book, the Island BookViewer(R). The BookViewer provides a listing of a stock's top 15 buy and sell orders on Island. This information allows investors to see the orders awaiting execution and the levels of supply and demand for a stock. For those visitors not familiar with Island, the kiosks also feature a BookViewer demonstration, which explains how orders are placed on Island and matched for execution. "We chose Netkey because they could deliver a durable, reliable, and attractive looking product," said Andrew Goldman, Executive Vice President, Corporate Affairs and Communications at Island ECN. "Netkey's solution is rugged enough to withstand extraordinary physical circumstances and smart enough to keep the content timely and engaging for users." Netkey Manager, a comprehensive server solution for Web kiosk kiosk Originally, in Islamic architecture, an open circular pavilion consisting of a roof supported by pillars. The word has been applied to a Turkish summer garden pavilion and a type of early Persian mosque. system management, is being used to monitor the kiosks, generating usage reports, analyzing data and scheduling and managing content. Netkey Creator, a patented and industry-standard software application, is used to control incoming and outgoing Web access, display rich media content, secure the keyboard and operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. , and attract viewing customers with multimedia welcome screens. "Financial service providers are under pressure to provide higher levels of service to their customers, faster and in a more meaningful way," said Alex Richardson, 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 Netkey. "Island joins a long list of leading organizations who have realized measurable benefits from using Netkey self-service technology." About Netkey Netkey is the premier provider of self-service solutions for customer-focused businesses. Netkey's customers include Microsoft, E*Trade, Borders, Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. , Fleet, Ford Yahoo! and J.C. Penney. The company holds three U.S. patents for its self-service technology. For more information on Netkey, please contact us at 800/443-7924, via e-mail at info@netkey.com, or visit us on the Web at www.netkey.com. About Island: Island is an electronic marketplace that enables market professionals to display and match limit orders for stocks and other securities. Island's proprietary technology allows it to offer this low cost, rapid and reliable order display and matching service to a network of approximately 700 broker-dealers representing a diverse array of market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. . On an average day, Island will trade over 460 million shares -- approximately one in every 5 trades on Nasdaq. During 2001 Island's trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. was over 90.1 billion shares. |
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