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SE
Global Equities Inc., a subsidiary of Capital
Alliance Group Inc., today announced its plans
to offer the global investment community direct
trading access to major U.S. stock markets.
Upon completion of negotiations with a U.S.
based software development firm for worldwide
distribution rights and with a U.S. broker-dealer
for trade execution and clearing, SE Global
will brand and market the proprietary trading
software throughout the globe under the label
SE Global Trade.
With
an existing global alliance network of 23 brokerage
firms covering 22 stock exchanges spanning five
continents, SE Global brings an already established
marketing channel for SE Global Trade. Within
this expanding global network, brokerage firms
have already expressed an interest in marketing
this new direct access trading product to their
existing client base. Additionally, through
its business development team and international
contacts, SE Global will directly market the
product to active traders, investors, broker-dealers,
and institutional portfolio managers.
Unlike
traditional online brokers, direct access trading
platforms bypass middlemen and route trades
directly to market makers, ECNs and exchanges,
allowing for almost instantaneous trade execution
and confirmation. In development for over five
years, this new trading platform eliminates
the need for high bandwidth Internet connections,
required by the majority of direct access software
providers. In lower bandwidth environments,
this new trading platform maintains the high
speed and reliability required by active traders.
The existing digital divide in global access
to high bandwidth makes this platform highly
suitable to international markets by providing
global investors with enhanced access to today’s
exciting technological advancements.
“With
this new trading platform, international investors
who want to actively trade on the U.S. securities
markets will no longer be at an unfair advantage
due to an unequal distribution of Internet connectivity,”
says Toby Chu, SE Global President and CEO.
The
completion of current negotiations, followed
by the implementation of business development
and marketing plans, will complement the existing
activities of SE Global, which include an innovative
online financial gateway. This gateway enables
investors to trade stocks on-line, 24 hours
a day, at discounted rates, on the world’s
stock exchanges through SE Global’s network
of brokerage firms.
“We
are extremely confident that our existing worldwide
network of brokers will provide leverage and
a competitive edge in delivering direct access
to the U.S. markets on a global scale,”
says Michael Teryazos, SE Global Senior Vice
President of Business Development. “Based
on the considerable interest that we have already
received from around the globe, we fully expect
that the demand for this product will result
in a substantial and recurring revenue stream
for the company.”
SE
Global expects that all negotiations will be
finalized and a subsequent announcement will
be made in the near future.
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