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MONTGOMERY SECURITIES TO OPEN LARGEST EQUITY TRADING FLOOR OUTSIDE NEW YORK CITY

 MONTGOMERY SECURITIES TO OPEN LARGEST EQUITY TRADING FLOOR
 OUTSIDE NEW YORK CITY
 SAN FRANCISCO, Sept. 23 /PRNewswire/ -- A 30,000 square-foot sales and trading facility -- including the largest equity trading floor in the U.S. outside New York City -- is opening this month at Montgomery Securities, it was announced today.
 "Consistent growth in our equity trading business and a desire to better serve institutional clients who have contributed to that growth, led Montgomery to make the $5 million investment in the start-of-the-art trading floor," said Thom Weisel, chairman and CEO, at the 22nd annual Montgomery Securities Investment Conference. The conference is acknowledged among institutional investors to be the premier annual event showcasing growth companies.
 Montgomery currently transacts 10 million shares per day, valued at $250 million -- a higher average daily volume than that of the Pacific Cost Stock Exchange.
 The 12th and 13th floors of San Francisco's Transamerica Building are the new home of Montgomery's expanding equity market operation. In the sales and trading area alone, Montgomery now employs 18 listed and NASDAQ traders, 18 sales traders, 47 institutional sales representatives, and 19 private client sales executives. The firm has over 500 employees.
 America's newest trading floor uses the MarketMax system from TriStar Market Data. The MarketMax system consolidates real-time financial data, analytics, fundamental information, 10 years of historical data, sophisticated technical studies, decision support tools, and news from multiple wire services all on a signal desktop computer. MarketMax is also fully integrated with Montgomery Securities' other front and back office computer systems. This sophisticated system enables Montgomery's financial professionals to provide better information and superior services to the firm's clients.
 Privately held, Montgomery is the nation's premier equity-focused broker/dealer specializing in growth companies. Montgomery is a tightly integrated firm that focuses all of its resources -- research, sales and trading, underwriting and advisory -- both to help growth companies raise capital and to identify investment opportunities for institutional clients. Weisel concluded, "I am proud of the teamwork at Montgomery and the support from our clients which have raised our business to a level that makes a trading facility of this scale both possible and necessary."
 -0- 9/23/92
 /CONTACT: Kathy O'Brien of Montgomery Securities, 415-627-2577/ CO: Montgomery Securities ST: California IN: FIN SU:


SM-TS -- NY059 -- 2687 09/23/92 13:24 EDT
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Publication:PR Newswire
Date:Sep 23, 1992
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