PCS Securities and UNX to Provide Independent Research and Universal Brokerage Direct Access.Business Editors & High-Tech Writers UNX UNX Universal Network Exchange Inc., the leading Universal Brokerage firm, and PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. Securities Inc., a broker-dealer subsidiary of San Diego-based DirectPlacement Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DPLM), a financial technology company and provider of independent research to institutional investors, today announced that they have signed a joint marketing agreement. Through the agreement, PCS Securities will market and distribute UNX's Universal Brokerage platform to the firm's 500 institutional clients. The partnership will enable PCS's clients to utilize UNX's 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. to accrue research credits and will provide UNX and its clients with a direct source for a wide range of independent research products. PCS Securities provides over 20 independent investment research products to a blue chip client base of institutional money managers and pension plan sponsors. PCS was acquired in December 2001 by DirectPlacement Inc. to pair PCS's unique independent research offerings with DirectPlacement's online research delivery platform. UNX's Universal Brokerage platform offers institutional investors universal access to major sources of liquidity through universal connectivity options, including the Internet, FIX and Web Services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. . The platform provides universal trading tools that can be used across all points of execution, and traditional brokerage services, including an agency trading desk Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign and research services. "We are very excited about our marketing agreement with PCS Securities. The combination of PCS's independent research products with our Universal Brokerage platform will provide institutional investors with a service unparalleled in the marketplace today," said Randy Abernethy, 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 UNX. "As institutional investors focus on lower transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , our Universal Brokerage platform provides them with solutions that reduce the market impact of trades, and enables them to execute their trading strategies more effectively." Brian Overstreet, president and CEO of DirectPlacement, said, "In response to requests from our clients, we conducted a thorough search of institutional trading platforms serving the U.S. equities marketplace. After an exhaustive review, we found that UNX provided the most comprehensive and highest quality trading environment for our clients. We're very excited to offer the Universal Brokerage platform." About DirectPlacement DirectPlacement Inc. (OTCBB:DPLM) is a financial technology company using advanced platforms to produce and deliver proprietary financial research and data. Through its PCS Securities Inc. subsidiary, the company provides independent research on a subscription basis and agency execution trading services to the institutional investment community. For more information, visit the DirectPlacement Web site at http://www.directplacement.com, the PCS Securities Web site at http://www.pcssecurities.com, or the PlacementTracker.com Web site at http://www.placementtracker.com/. About UNX As the pioneering Universal Brokerage services firm, UNX (Universal Network Exchange) combines the best trading features of Electronic Communications Networks, Alternative Trading Systems Alternative Trading Systems (ATS) are SEC-approved non-exchange trading venues. They play an important role in public markets for allowing alternative means of accessing liquidity. , agency brokerages and 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] platforms, enabling institutional investors to manage liquidity to their advantage in today's rapidly changing markets. In addition to state-of-the-art electronic trading solutions, UNX offers a comprehensive suite of value-added services for the institutional marketplace. Through UNX, institutional clients find Universal Access, Universal Tools and Universal Liquidity to guide them through every step of the trading process. For more information about the company and its services, visit www.unx.com. UNX is a member of NASD/SIPC. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning 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. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion