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PRODIGY'S ONLINE BROKERAGE ADDS OPTIONS AND REAL-TIME QUOTES

PRODIGY'S ONLINE BROKERAGE ADDS OPTIONS AND REAL-TIME QUOTES
 NEW YORK, June 15 /PRNewswire/ -- The online discount broker on the PRODIGY service, PC Financial Network (PCFN), today added online options trading and real-time quotes when placing an order, it was announced by Prodigy Services Company. The enhancements to the online brokerage also include immediate online execution notices and complete online tutorials. PCFN also offers online trading in stocks, mutual funds and CDs.
 PCFN is the only online options trading service that displays a list of valid expiration months and strike prices to choose from when placing an order, as well as real-time quotes on both the underlying security and the option. This information makes it easy and fast to examine different alternatives and set a limit price when placing an order, if they so desire. This is a distinct edge for those taking advantage of price fluctuations.
 Investors can instantly see which orders have executed, which are still open and then quickly change or cancel any open order. Account information, including buying power, can be viewed through the PRODIGY member's computer. Electronic mail notifies investors when options are about to expire.
 Orders can be placed day or night online or by phone. The new TRADE ASSIST(SM) feature walks investors through their first online trade, and to further help investors new to online trading, a demo account lets them place practice trades and "test drive" the service.
 PCFN is America's fastest-growing online discount broker. It is a service of the Pershing Division of Donaldson, Lufkin & Jenrette Securities Corporation, which executes approximately 10 percent of the NYSE volume and 8 percent of all options. PRODIGY, from a partnership of IBM and Sears, also offers a broad spectrum of investment information, including quotes, current news on specific companies and market reports.
 PRODIGY Service Startup Kits are sold at more than 15,000 retail outlets nationwide. Prodigy maintains a toll-free number that will direct consumers to the nearest PRODIGY Service dealer: 1-800-PRODIGY.
 -0- 06/15/92
 CONTACT: Steve Hein of Prodigy, 914-993-8789 CO: PRODIGY SERVICES COMPANY IN: CPR SU: PDT ST: NY -- NY038 -- X519 06/15/92
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 15, 1992
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