Belzberg Technologies Introduces Deep Book(TM), First To Sweep Options Market Depth
Toronto, Canada (ots/PRNewswire)
Belzberg Technologies Inc. (TSX -BLZ), announced today the introduction of Deep Book(TM), the first options trading platform that sweeps the aggregate volumes of all orders and price levels, for all options contracts trading on US options exchanges. With the ever-growing list of options contracts now trading in pennies, Belzberg already has demand from customers who are eager to take delivery of the system.
"Deep Book(TM) is the only product on the market that allows traders to properly handle large orders in the new penny-increment options environment," said Sid Belzberg, CEO of Belzberg Technologies.
Deep Book(TM) enables transparency beyond the NBBO (National Best Bid and Offer), providing options traders with the same trading efficiencies provided by leading-edge equities trading systems. The first exchange that has provided their Depth of Market Feed for the system is the ISE. Comparable depth of market feeds from the CBOE and the other options exchanges are imminent, and will be integrated into the system as soon as they become available.
About Belzberg Technologies
Belzberg Technologies Inc. is a provider of technology-based brokerage services, trading equities and options through its wholly owned, self-clearing broker-dealer, Electronic Brokerage Systems. Electronic Brokerage Systems is a member of most North American stock exchanges, options exchanges and clearing organizations, including the NYSE, NASDAQ, CBOE, NSCC and OCC. Using Belzberg's suite of integrated trading tools and network connectivity, Belzberg's customers have direct access to all North American equities and options markets. The firm's client-base includes over 200 leading U.S and international brokerage houses and financial institutions. Belzberg Technologies is listed on the Toronto Stock Exchange (Ticker - BLZ). Additional information is available at http://www.belzberg.com.
Patent Information
In January 1999, Belzberg received a U.S. Patent Number 5,864,827, recognizing its exclusive rights to intellectual property for a System and Method for Providing a Protocol Transaction Gateway. This patent protects Belzberg's Transactions Gateway, a system that translates the protocol of incoming transaction messages from customers into the appropriate protocol used by various exchanges and market makers. The technology facilitates electronic stock trading by allowing customers to execute trades on any market they choose from a single screen.
Forward looking statement disclaimer
Except for historical information contained herein, the matters discussed in this press release are based on forward-looking statements that involve risk and uncertainty. A variety of important factors could cause results to differ materially from such statements, including but not limited to economic, competitive, governmental and technological factors affecting the company's operation, markets, products, prices and other factors.
Contact:
For further information: Sid Belzberg, CEO, Phone: +1-416-360-1812,
E-mail: investorinfo@belzberg.com