Wall Street Access and Data Broadcasting Corp. Announce Joint Internet Marketing Plan to ABA Member Banks.NEW YORK/LOS ANGELES--(BUSINESS WIRE)--June 23, 1998-- Members Can Qualify for Free Bond Pricing Service and Trading Discounts Data Broadcasting Corp. (Nasdaq:DBCC DBCC Daytona Beach Community College (Florida) DBCC District Business Conduct Committee (NASD) DBCC Desert Breeze Community Church (Glendale, AZ, USA) ), a leading provider of real-time market data and financial information, and Wall Street Access, a leading independent discount brokerage firm discount brokerage firm A brokerage firm that discounts commissions for individuals to trade securities. Most discount brokerage firms offer limited advice but reduce their fees by 50% or more compared with full-service brokerage firms. , have joined forces to offer real-time bond prices and discount trading services to American Bankers Association The American Bankers Association (ABA) is comprised of banks and other financial institutions. It seeks to promote the strength and profitability of the banking industry by Lobbying federal and state governments, building industry consensus on key issues, and providing products and members. The initial focus will be on providing bank investment and trust- services professionals Internet access See how to access the Internet. to bond-market information in support of trading decisions. As part of the announcement, a special free introductory offer is available to investment and trust professionals who would like to compute the current market value of their fixed-income portfolios. The offer is designed to illustrate the practical applications of InSite for Fixed Income, an Internet-delivered, real-time financial- research workstation created by DBC See dBA. (language, parallel) DBC - A data-parallel bit-serial C based on MPL. SRC, Bowie MD. E-mail: <maya@super.org>. and its Capital Management Sciences division, best known for its BondEdge analytical software Analytical software is software that is designed specifically for and development of a particular environment or object. . More information on the portfolio valuation offer and the InSite service is available in the Members Only section of the American Bankers Association Web site, www.aba.com. Members of the American Bankers Association who trade with Wall Street Access can qualify to receive the InSite for Fixed Income security-analytics service free of charge or at a discounted rate, depending on their 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. . "The ABA is pleased to offer these services for our member banks and to provide timely market information on our Web site. We have had a long relationship with Wall Street Access and know their commitment to this market. The InSite service is a tremendous bonus and gives trust officers and bank investment managers the information they need before trading decisions are made," said Christie Speer, director of Internet Services of the American Bankers Association. For bank investment and trust-services professionals, InSite offers full bond descriptions and historical data, real-time Treasury prices, major market indices, price/yield calculations, swap and horizon return analyses, real-time portfolio valuations, historical data, legal security descriptions and full news stories via the Internet. InSite for Fixed Income provides real-time bond-market updates and information on more than 2.5 million U.S. fixed-income securities Fixed-income securities Investments that have specific interest rates, such as bonds. . "Wall Street Access has a long history of serving banks," said Eric Alexander, managing director of Wall Street Access. "Our objective is to ensure that banks and their customers receive the best brokerage services available." Wall Street Access provides a full range of products to banks, trust departments and bank customers, including stocks, options, bonds, mutual funds, unit investment trusts and American Depository Receipts American Depository Receipt n. called in the banking trade an ADR, it is a receipt issued by American banks to Americans as a substitute for actual ownership of shares of foreign stocks. . Additional information about DBC's InSite product and Wall Street Access is available in the Members Only Section of the American Bankers Association Web site, www.aba.com. More information on Wall Street Access is available at the firm's Web site, www.wsaccess.com. A product tour of InSite is available at www.insite.dbc.com. Corporate information on DBC and CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. is available at www.cms-info.com.
CONTACT: Data Broadcasting Corp.
Lorraine DiBacco, 310/479-9715, ext. 5302
ldibacco@cms.dbc.com
or
Wall Street Access
Eric Alexander, 212/709-9805
alexande@wsaccess.com
or
American Bankers Association
Christie Speer, 202/663-4994
cspeer@aba.com
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