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CyberTrader Launches Wireless Direct Access Stock Trading via Palm Devices
URL(s): www.cybertrader.com
ANAHEIM, Calif., August 17, 2001--CyberTrader, Inc, the direct access brokerage subsidiary of
The Charles Schwab Corporation, today announced the launch of "CyberTrader Direct", a wireless direct access trading and
intelligent order routing application available via Palm V and Palm VII handheld communication devices.
CyberTrader unveiled the new wireless technology at the International Online Trading Expo, which runs today through Sunday
Aug. 19 at the Anaheim Convention Center.
Greg Ferris, President and Chief Operating Officer, said CyberTrader's customers have been anticipating the development of
wireless direct access trading to augment their active trading needs while away from their principal trading locations - in most
cases their home or office computers.
"In today's trading environment, we're seeing direct access traders holding positions for longer periods of time - hence our
customers desire the ability to open and close positions and manage their accounts at times when it may be more convenient to
use a remote device," Ferris said. "We've designed a robust wireless trading environment that extends CyberTrader's
state-of-the-art trading platforms."
Customers will now have wireless access to CyberTrader's proprietary order routing capabilities that provide a gateway to 10
ECNs and over 450 market makers, in addition to direct access order routing to the Redi and Island ECNs. Real time quotes,
customizable stock lists, and account statistics are also available. Customers who own a Palm V, with a modem, or Palm VII can
begin trading by accessing their accounts through the Palm browser or PQA. CyberTrader Direct is a service designed
specifically for CyberTrader clients and is a distinct offering from Schwab's PocketBroker service, which allows Schwab's clients
to access their accounts, check balances, read news, make trades or check quotes.
For more information about CyberTrader, Inc. please visit www.cybertrader.com or call 1-888-76-CYBER.
About CyberTrader Inc.
CyberTrader, based in Austin, Texas, is a Direct Access Broker specializing in electronic trading and brokerage services.
CyberTrader provides customers with real-time streaming data as well as direct connections to the markets via 10 ECNs, all 4
options exchanges and over 450 market makers. In March 2000, CyberTrader was acquired by Charles Schwab and is a wholly
owned subsidiary of The Charles Schwab Corporation.
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