Message #4 From:
NewsBot Date: March 8, 2005 03:31:33 PM
ABWG AB Watley's Low Per-Trade Price Ranked Among Best by Barron's
AB Watley's Low Per-Trade Price Ranked Among Best by Barron's
NEW YORK
AB Watley Direct, Inc.
Robert Malin, 212-500-6521
rmalin@abwatley.com
or
Media:
Adam Friedman Assoc.
Rick Hilton, 212-981-2529 ext. 22
rick@adam-friedman.com
or
Investors:
Adam Friedman Assoc.
Leslie Wolf-Creutzfeldt, 212-981-2529 ext. 11
leslie@adam-friedman.com
AB Watley's Software-Based Trading Platform Ranked Among Top Ten Overall, With Pricing Designed to Attract the Industry's Most Active Traders
AB Watley Direct, Inc., a U.S. registered broker-dealer that provides online trading and direct access trading services for retail and institutional clients, today announced its UltimateTrader ranking in the March 7, 2005 issue of Barron's. AB Watley Direct's software-based trading platform ranked second in the pricing category and 10th overall based on trade execution, technology, usability, range of offerings, research, portfolio reports, cost, and access and help.
"AB Watley is proud of its UltimateTrader ranking in this week's Barron's and pleased to be included in what is ultimately a Who's Who of Internet- and software-based investing platforms," said Robert Malin, President of AB Watley Group Inc. "Traders who execute large-scale transactions know that our new fee structure is second to none."
AB Watley Direct recently announced changes to its rates for new direct access customers as low as $1.95 per trade (not including ECNs and pass-throughs, when used) for traders executing more than 3,000 trades in a given month, with an unlimited number of shares per transaction. In addition, minimum account balances were lowered to $5,000 for accounts using direct access trading software, and $2,000 for the accounts using the Company's Web-based trading software, Watley Trader. AB Watley continues to provide its direct access trading platform -- including news from RealTimeTraders.com -- for free to its customers.
About AB Watley Direct, Inc.
AB Watley Direct, Inc. is a New York-based, NASD and SIPC member, broker/dealer founded in 1986. The firm is a service-oriented leader in the electronic trading field. Its goal is to provide the highest level of service in the industry at the lowest possible cost. AB Watley takes great pride in its trader support and attention to technology by offering multiple platforms suited to individual trader needs.
About AB Watley Group Inc.
AB Watley Group Inc. (OTCBB:ABWG.OB) is a publicly held financial services holding company. The Company conducts its core business through its subsidiary AB Watley Direct, Inc., a U.S. registered broker-dealer that provides online trading and direct access trading services for retail and institutional clients. AB Watley Group provides direct access software and facilities to each of its divisions (online, retail and institutional). The Company's main focus is supporting its brokerage units' initiatives.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
