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SE
Global Equities Inc. (OTCBB:FTUT), a subsidiary
of Capital Alliance Group Inc., today announced
it has signed a formal licensing and distribution
agreement with Direct Access Financial Corporation
("DAFC"), a financial software development
firm, and a joint marketing agreement with Trade
Direct USA Inc., an equities marketing company.
"These new partnerships, in combination
with SE Global’s existing global network
of broker dealers, position the company to become
a leading provider of direct access trading
service to international investors," said
Toby Chu, SE Global President and Chief Executive
Officer. "We are very excited about establishing
an international presence in one of the fastest
growing areas of the capital markets sector."
Direct Access Distribution
The
agreements with DAFC enable SE Global to deliver
U.S. direct access trading to its alliance network
of 24 brokerage firms in addition to the global
investment community at large. Under the terms
of these agreements, SE Global has been granted
worldwide distribution rights to DAFC’s
proprietary direct access trading and market
information software under the brand name SE
Global Trade (www.SEGlobalTrade.com).
Headquartered in Dallas, Texas, DAFC is a leader
in the development of the rapidly emerging direct
access trading software industry. Unlike traditional
web-based 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 reduces the
need for high bandwidth Internet connections
required by the majority of direct access software
applications.
Trade Execution, Support and Clearing Services
SE
Global also has signed a joint marketing agreement
with Trade Direct USA Inc. This agreement provides
SE Global Trade users with trade execution and
support services through Allen Douglas Direct
Inc. and clearing services from Penson Financial
Services Inc.
Allen Douglas Direct Inc., based in Florida,
is a broker dealer and a member firm of the
National Association of Securities Dealers (NASD).
An NASD member since 1994, Allen Douglas Direct,
Inc. has several years experience in the direct
access industry and is well positioned to provide
active traders, aggressive investors and full
service clients a full range of trade execution
and support services.
Founded in 1989, and headquartered in Dallas,
Texas, Penson Financial Services, Inc. (Member
NASD) is a leading clearing services firm. Penson
provides technology-based processing solutions
to the brokerage industry, focusing its activities
on direct access transactions. As a result of
acquisitions in Canada and the UK, Penson has
become a multi-currency and multi-national clearing
firm. Along with clearing all trades, Penson
will hold SE Global Trade users' equities and
monies in trust. Each account held with Penson
is insured to the amount of $24,500,000.
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