RushTrade.com Announces RushTrade Direct Pro Product Enhancements.Business Editors/High-Tech Writers DALLAS--(BUSINESS WIRE)--March 13, 2002 Rushmore Financial Group, Inc. (Nasdaq:RFGI) and RushTrade.com, its Direct Access online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. system today announced the release of Version 1.1 of RushTrade Direct Pro(TM) which includes the latest advanced order entry enhancements to RushTrade Direct Pro, a Direct Access platform. RushTrade Direct Pro debuted at the Online Trading Expo in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , February 17-19, 2002. "Response from the 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 Expo showed further proof that the RushTrade Direct Pro product is among the top of its peers. The response from industry professionals was outstanding as well as the interest from retail broker/dealers. At the Expo, we received many inquiries from other broker/dealers regarding potential licensees of our proprietary software. RushTrade Direct Pro is offering an introductory rate of $4.95 commissions and free data until May 1, 2002," stated D.M. (Rusty rust·y adj. rust·i·er, rust·i·est 1. Covered with rust; corroded. 2. Consisting of or produced by rust. 3. Of a yellowish-red or brownish-red color. 4. ) Moore Jr., Chairman 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 Rushmore Financial Group, Inc. RushTrade Direct Pro was designed to meld the need for sophisticated decision support tools with a fast, reliable order entry system. Built on advanced Windows(R) functionality and third generation (3G) technology, the platform includes multiple order entry tools, sophisticated basket trading capabilities, conditional orders Conditional Order A type of order that will be submitted or canceled if set criteria are met, which are defined by the trader/investor entering the order. This allows for a greater customization of the order, thereby meeting the specific needs of the investor. , parametric alerts, and a stock market screening tool. The system was built with a focus on reliability and performance. RushTrade Direct Pro's enhanced features include: -- Trailing Stops - where the user can select an amount by which to trail a prevailing market trend with an automatically updated stop market order. If the trend reverses, the stop allows a trader to better maximize their profits in a fast moving market. -- Make Best - execution logic automatically determines the limit price that will make the order the national best bid (for buys) or best ask (for sells). -- Short at Market - Short at Market order using DART will automatically generate an order $0.01 above the bid or $0.01 above the last price depending on the exchange in a downtick situation. Then DART tracks the market by revising the limit price as the market falls. If any uptick occurs, the order is then automatically processed as a market short order. RushTrade Direct Pro Version 1.1 includes other refinements to the user interface. Improvements have been made to the look and feel, chart functionality, printing, and more. RushTrade Direct Pro, which may be accessed on the Internet at www.rushtrade.com, features a 30-second execution guarantee for marketable orders and intelligent order routing via RushTrade's Direct Access Routing Technology (DART(TM)) to automatically search for and secure the best price in the market. All trades are cleared through Penson Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Product demos may be accessed through RushTrade's Web site at www.rushtrade.com. About RushTrade.com, Inc. RushTrade.com, Inc., a division of Rushmore Securities Corporation, 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 Rushmore Financial Group, Inc., is a Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. based online trading system providing advanced 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] technologies to active online investors. Both RushTrade Direct, a Web-browser based product, and RushTrade Direct Pro, a downloaded trading software package, provide real-time quotes; fast, reliable access to multiple market makers; a 30-second trade execution guarantee, and advanced decision support tools. For more information, please visit www.rushtrade.com. About Rushmore Financial Group, Inc. Rushmore Financial Group, Inc., a Dallas-based financial services holding company (Nasdaq SmallCap:RFGI), provides, through its subsidiaries, a wide range of investment and insurance services and products to its clients via the Internet and through a national distribution network of securities representatives and insurance agents. Its investment services business consists of online brokerage, retail securities brokerage services, mutual fund distribution, variable life insurance and annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. sales, fee-based advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , and other financial services. For more information, please visit www.rushgroup.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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 undertakes no obligation to update these statements for revisions or changes after the date of this release. |
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