Message #6 From:
Privateer1 Date: January 28, 2008 02:16:18 PM
CORRECTING and REPLACING AB Watley
CORRECTING and REPLACING AB Watley Announces ''Ultimate FX,'' Offered Through FX Solutions
November 28, 2007 3:59 PM ET
Please replace the release with the following corrected version
due to multiple revisions.
The corrected release reads:
AB Watley Announces ''Ultimate FX,'' Offered Through FX Solutions
AB Watley Group, Inc. (Pink Sheets: ABWG) www.abwatley.com is
pleased to announce its new "Ultimate FX" trading platform designed
for retail and professional currency traders. AB Watley has spent the
last few months developing a strategic relationship with FX Solutions
LLC of Saddle River, New Jersey. As a result, AB Watley will offer one
of the most powerful global Forex trading platforms available. The
platform will feature a proprietary price feed, advanced hedging
functionality, FLEXI Leverage, FLEXI Contracts, multiple stops and
limits, Market News International, multiple charting solutions and
sophisticated risk management capability. The "Ultimate FX" trading
platform gives foreign exchange traders critically important
advantages including One-Click Trading, ten trading screen layouts, a
combined margin-pip-premium calculator, and an audible price alarm.
Foreign exchange trading is the simultaneous buying of one
currency and selling of another. The foreign exchange market (Forex or
FX) is the largest financial market in the world with a daily turnover
of over $2.6 trillion. Examples of currency trading pairs are Euro/US
Dollar (EUR/USD) and US Dollar/Japanese Yen (USD/JPY). Most currency
transactions involve the "Majors" - US Dollar, Euro, Japanese Yen,
British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
Unlike most financial markets, the foreign exchange market has no
physical location and no central exchange. The Forex market operates
24 hours a day through an electronic network of banks, corporations
and individual traders. Forex trading begins every day in Sydney, then
moves to Tokyo, followed by London and then New York. The major market
makers, or dealers, consist of the commercial and investment banks,
and registered futures commission merchants (FCMs) such as FX
Solutions. FX Solutions' dealing desk is open 24-hours a day from
Sunday 16:00 to Friday 16:30 Eastern Time.
Clients of AB Watley Group's broker dealer subsidiary, AB Watley
Direct, have been asking for access to the global currency markets.
Through its relationship with FX Solutions, AB Watley Direct is proud
to be able to offer a world-class capability for FX trading that will
compliment the current online trading offerings of Direct. The foreign
exchange markets operate round-the-clock during trading days and offer
traders and investors buying and selling opportunities in up, down and
sideways markets. Interest in such markets is exploding. Inquiries
concerning FX should be directed to AB Watley Direct's customer
service at 888-733-9000. Management feels confident that by adding a
FOREX trading solution to their product offerings, it will result in
positive benefits for AB Watley Direct's client base, as well as on
reported earnings. For more information about the FX platform, visit
www.abwatleyfx.com.
Daniel Darst, executive director at FX Solutions, commented,
"We're delighted to welcome AB Watley Direct on board. Their strong
marketplace savvy combined with their deep experience in working with
direct clients and self-directed traders should translate into a
successful relationship and a great offering to the client."
About AB Watley Group, Inc.
Headquartered in New York City, A. B. Watley Group Inc. (ABWG.PK)
is a provider of online financial services through its wholly owned
subsidiary, A.B. Watley Direct, Inc., a broker-dealer registered with
the Financial Industry Regulatory Authority, Inc. (FINRA) and a SIPC
member. Offering a comprehensive range of services, and developed for
the most demanding equities and options traders, ABWG is positioned to
attract the most diverse range of investors and traders -- from the
average investor to the most sophisticated retail and/or institutional
stock trader.
About FX Solutions
FX Solutions, LLC was founded in 2001 by two foreign exchange
veterans with over 50 years combined experience. The Company is a
leading online foreign exchange (Forex) broker, operating as a
market-maker to retail and institutional clients. With its focus on
advanced trading technology solutions, the firm serves retail clients,
white label partners, institutional trading partners, introducing
brokers, fund managers and their clients. Leveraging its proprietary
interbank market feed, a custom-built Global Trading System (GTS) and
fully-automated customer service, FX Solutions sets high standards for
execution speed, price transparency and efficient client management.
Certain matters described in this news release may be
forward-looking statements subject to risks and uncertainties that
could cause actual results to differ materially from those indicated
in the forward-looking statements. Such risks and uncertainties
include, but are not limited to, the risk of dependence on market
growth, competition and dependence on government agencies and other
third parties for funding contract.
Contact Information: AB Watley Group, Inc
Investor Relations, 866-492-8539
