RushTrade Group Releases RushTrade Direct Pro 2.0; Continues to Demonstrate Commitment to Providing Leading Edge Financial Technology.Business Editors/High-Tech Writers DALLAS--(BUSINESS WIRE)--June 10, 2003 Rushmore Financial Group, Inc. dba RushTrade(R) Group, (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RFGI), announced today that Version 2.0 of RushTrade DirectPro, its proprietary, software based, level II 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] platform is scheduled to be released on June 16, 2003. RushTrade Direct Pro Version 2.0 includes numerous enhancements and refinements to the platform based largely on client feedback and feature requests from RushTrade's active traders. Improvements have been made to RushTrade Direct Pro's chart functionality, order execution interface, and decision support tools. RushTrade Direct Pro Version 2.0 enhanced features include: Additional Routes - Instinet Corporation(TM), The BRUT ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. , LLC.(TM), Track ECN(TM), and Knight Trading Group, Inc.(TM) expands RushTrade's existing routes, while increasing clients access to market liquidity. Next Generation Ordering Capabilities - Reserve Orders, Discretionary Orders, Change Order (Cancel-Replace Orders) on supported ECNs, coupled with additional order control capabilities give clients more functionality and control over their trades. OTCBB and OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets Order Entry - Offers order entry for OTCBB and OTC Pink Sheet's through select ECN's. Mutual Funds Order Entry - Allows clients online capability to place orders for Mutual Funds. Dissemination of Third Market Data - Optional access to Market Maker quotes participating in Listed Securities (NYSE NYSE See: New York Stock Exchange and AMEX AMEX See: American Stock Exchange ). Commodity Channel Index Commodity Channel Index An index used in technical analysis. High values mean a potential future correction (downward movement in underlying asset) and low values potentially forecast a rally. Details in Donald Lambert's October 1980 article in Commodities Magazine. (CCI) - Clients have the ability to chart the CCI index, a highly regarded index by technical traders. Exchange Identifier Ticker (EIT EIT erythrocyte iron turnover. ) - Displays on which exchange each order has been executed. RushTrade Group also reported that the previously announced Knobias strategic alliance is progressing as planned with an expanded relationship that offers the RushTrade Direct Pro software platform to existing customers of Knobias and Knobias's highly regarded content to RushTrade Clients. Richard K. Rainbolt, Director of Technology for RushTrade Group, stated, "With this latest version of the RushTrade Direct Pro software, we have strengthened our product offering in very meaningful ways. Most of the new features we have added were made in collaboration with active traders across the country, by listening to them and incorporating their feedback into these trading platform enhancements." Jim Keller, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , investment advisor, active online trader, and long time user of the RushTrade Direct Pro software commented, "RushTrade has truly designed a winner with this version. The setup is easy and very user friendly with easy to use drag and drop A graphical user interface (GUI) capability that lets you perform operations by moving the icon of an object with the mouse into another window or onto another icon. For example, files can be copied or moved by dragging them from one folder to another. features. There is a lot to be said about a firm that has designed, developed, and owns its own software trading system." About RushTrade Group RushTrade Group and RushTrade Software Services, Inc., the Company's financial technology development subsidiary, has developed and operates a proprietary real-time portfolio management and direct access online brokerage trading software and data center. Utilizing its exclusive Direct Access Routing Technology (DART(TM)) RushTrade offers two distinct products, Level I and Level II Direct Access products to meet the needs of active online investors, semi-professional traders or institutional portfolio managers and traders. Securities are offered through RushTrade Securities, Inc, 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 Company and a fully disclosed introducing broker/dealer, which is a member of the 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. . RushTrade Securities, Inc. customer trades are cleared through, and customer accounts are held at, Penson Financial Services, Inc. RushTrade Securities, Inc. customer accounts are self-directed and RushTrade does not provide advice or make trade recommendations. The Company is headquartered in Dallas, Texas and its common stock is traded on the OTC.BB Market under the symbol "RFGI." For more information about RushTrade Group and the RushTrade products, please visit www.rushtrade.com. This press release includes statements that may constitute "forward-looking" statements, usually containing the word "believe," "estimate," "project," "expect" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's product and services in the marketplace, competitive factors, changes in regulatory environments, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company disclaims any obligation to update these statements for revisions or changes after the date of this release. |
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