TORONTO and CHICAGO, June 20 /CNW/ - Belzberg Technologies Inc.
(TSX: BLZ) and the Chicago Board Options Exchange (CBOE) announced today the
release of options Order Management System (OMS), the latest enhancement to
the Belzberg HyTS Terminal. OMS provides seamless routing of orders to the
CBOE and any other U.S. options exchange or designated broker. The new system
also provides straight-through processing ("STP") with brokers' back office
The new OMS offers users a variety of options including the choice of
electronic routing or manual order handling, the ability to divide an order,
and to utilize sweep functionality. All messaging is real time, and the system
allows Compliance officers to view in-house trading activity using a simple,
web-based order monitoring screen. Customers can view the live status of their
orders using a similar web-based tool.
Belzberg is also introducing ChatTrader and ChatBlaster instant message
("IM") based trading systems, allowing Belzberg HyTS Terminal users to receive
option and equity orders directly from customers using AOL, MSN Messenger,
Google Talk, iChat, or other IM based systems. ChatBlast also gives HyTS
Terminal users the ability to send indications of interest ("IOI") to lists of
their customers who may respond instantly using their IM systems.
ChatTrader and ChatBlaster utilize Belzberg's new ChatSyntax, a concise
IM trade recognition language that provides quick and easy order input and is
consistent across all financial instruments. ChatSyntax also supports short
sale rules and option chain lookups.
Belzberg HyTS Terminals are made available through Belzberg's affiliate
Electronic Brokerage Systems, LLC.
"The ability for customers to send orders to CBOE floor brokers or to
upstairs brokers from within their IM window takes full advantage of the CBOE
Hybrid Trading System, which combines a vibrant trading floor community with
the advantages of electronic trading, all on a single platform," said Sidney
H. Belzberg, Chairman and CEO of Belzberg Technologies, Inc.
"Belzberg Technologies has continued to add features to the Belzberg HyTS
Terminal that increase efficiency and ease of access for our members and
customers. These new features will further enhance the customer experience for
existing, as well as new, HyTS Terminal users," said Edward Provost, CBOE
Executive Vice President, Business Development.
CBOE, the creator of listed options and the largest U.S. options
marketplace, is regulated by the Securities and Exchange Commission (SEC), For
additional information about CBOE and its products, visit the CBOE website at
About Belzberg Technologies
Belzberg Technologies provides the software and networks that enable
global, direct access routing and execution of trades for financial
institutions in the United States, Canada and Europe. In addition, the company
owns an agency-only broker-dealer in the United States that allows the company
to execute equities and option trades for our customers. 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, as well as major European stock exchanges. 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 www.belzberg.com.
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.
CBOE(R), Chicago Board Options Exchange(R), CBOEdirect(R) and HyTS(R) are
registered trademarks of Chicago Board Options Exchange, Incorporated
(CBOE). CBOE Hybrid(SM) and Hybrid(SM) are servicemarks of CBOE.
For further information:
For further information: At Belzberg Technologies Inc.: Sid Belzberg,
Chief Executive Officer, (416) 360-1812, email@example.com; At CBOE:
Lynne Howard-Reed, (312) 786-7123, firstname.lastname@example.org