TORONTO, Feb. 7 /CNW/ - 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 www.belzberg.com.
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.
For further information:
For further information: Sid Belzberg, CEO, Phone: (416) 360-1812,