Brokat Powers Wall Street Access' New Online Trading Platform
Brokat Individual Investor offers next-generation online trading capabilities to financial institutions and brokerage firms
SAN JOSE, Calif. (July 11, 2001)—Brokat Technologies™ (Nasdaq: BROA, Neuer Markt: BRJ), a global leader in software that enables user-centric business, today announced that Wall Street Access has chosen Brokat® Individual Investor™ to power its new online trading platform, AccessPoint. Using Brokat Individual Investor, Wall Street Access, a New York Stock Exchange brokerage member firm and a leader in providing high-quality service, personalized attention and electronic trading to individual traders and professional brokers and registered representatives, can now offer investors tailored services and real-time, top-quality market data for convenient, reliable online trading.
Brokat Individual Investor is a suite of applications providing the technical infrastructure financial institutions and brokerage firms need to support online and wireless trading. Brokat Individual Investor supports multi-channel delivery and integrates real-time back-office data with market data, allowing Wall Street Access' investors to check their accounts and trade stocks, options, fixed income securities and mutual funds using the Internet or telephone technologies.
"We needed a robust and proven platform to provide a rich array of services and information to our sophisticated traders," said Denis Kelleher, president and CEO for Wall Street Access. "Brokat's years of experience serving the brokerage industry gives us the confidence to know we are installing a time-tested solution that will exceed both the full-featured trading and account information our clients demand, and the flexibility our business requires."
Using Brokat Individual Investor's order handling and administration capabilities, Wall Street Access can customize business rules to determine which orders are to be submitted directly for execution and which orders are to be reviewed/released. As a result, Wall Street Access has an automated system that reduces the manpower required to manage order flow, while giving its savvy investors direct access to market information and straight-through order submission.
"By offering these tailored online trading capabilities to its customers, Wall Street Access understands that success in today's world is defined by your ability to provide your customers the convenience and flexibility they require to conduct business," said Mike Dalen, general manager of Brokat Financial Applications business unit. "We're proud to add Wall Street Access to our growing list of top-tier brokerage customers and to play such a significant part in powering the AccessPoint online trading service."
Brokat Individual Investor complements Brokat's Internet and mobile products for consumer and business banking. These products are supported on the standards-based Brokat Financial Framework and leading application servers. They form the foundation for a highly scalable, open-systems product architecture for online brokerage and banking, with the capability to plug in additional services as needed to meet changing market conditions.
About Wall Street Access
Wall Street Access is a leader in providing high-quality service, personalized attention and electronic trading to the growing market of individual traders and professional money managers. Founded in 1981, Wall Street Access is a member of the NYSE, NASD and SIPC. Wall Street Access clears trades through Deutsche Banc Alex. Brown. The Wall Street Access web site is located at www.wallstaccess.com.
About Brokat Technologies
Brokat Technologies (Nasdaq: BROA, Neuer Markt: BRJ) is a global leader in software that enables user-centric business. Brokat's product families—m-business software including secure mobile payment technology, e-finance and e-brokerage applications, and leading rules management technology—are used by over 3,500 enterprises worldwide including ABN Amro, Allianz, Axa Insurance, Bank of America, Blue Martini Software, Charter One, DaimlerChrysler, DBS Bank, IBM Corporation, LBBW, MasterCard International, Metavante, Nationwide Insurance, NCR, SE-Banken, Sun Microsystems, Swiss Post Office, T-Motion (a subsidiary of Deutsche Telekom), Toyota, Vodafone and Workscape. Select global partners include Blue Martini Software, Compaq, Hewlett Packard, Intel, IBM, Siemens, and Sun Microsystems. With dual headquarters in San Jose, California and Stuttgart, Germany, Brokat employs over 1,100 people in 16 countries. Information on Brokat and its products is available at www.brokat.com.
Forward-looking Statements
This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements relating to the development of the Multi-Channel Gateway and its capabilities. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward looking statements. Potential risks and uncertainties include, but are not limited to, general economic conditions, technological and regulatory developments, fluctuations in Brokat's quarterly operating results, the company's history of operating losses and its cash position, and other risks and uncertainties, many of which are beyond the control of the company. Additional information on these and other risks and uncertainties related to the forward-looking statements is included in the "Risk Factors‹Risks Relating to Brokat's Business" section of Brokat's registration statement (No. 333-45430) on Form F-4 dated September 8, 2000 and Brokat's Forms 6-K filed from time-to-time with the U.S. Securities and Exchange Commission, and its Form 20-F for the 2000 fiscal year to be filed with the SEC. The forward-looking statements in this press release are based on management's reasonable beliefs as of the date of this release, and Brokat assumes no obligation to update them to reflect subsequent information or events.
Your Editorial Contacts:
Brokat Contact
Susan Fallon
Brokat Technologies
408.535.1720
E-Mail: susan.fallon@brokat.com
Media Contact
Caroline Pasquesi
Hill and Knowlton
415.281.7170
E-Mail: cpasques@hillandknowlton.com
Brokat is a registered trademark and Brokat Technologies and the Brokat Technologies logo are trademarks of Brokat AG or its subsidiaries in the United States and other countries. J2EE and EJB are trademarks of Sun Microsystems, Inc. in the United States and other countries. Other names are trademarks or registered trademarks of their respective companies.
Brokat Individual Investor offers next-generation online trading capabilities to financial institutions and brokerage firms
SAN JOSE, Calif. (July 11, 2001)—Brokat Technologies™ (Nasdaq: BROA, Neuer Markt: BRJ), a global leader in software that enables user-centric business, today announced that Wall Street Access has chosen Brokat® Individual Investor™ to power its new online trading platform, AccessPoint. Using Brokat Individual Investor, Wall Street Access, a New York Stock Exchange brokerage member firm and a leader in providing high-quality service, personalized attention and electronic trading to individual traders and professional brokers and registered representatives, can now offer investors tailored services and real-time, top-quality market data for convenient, reliable online trading.
Brokat Individual Investor is a suite of applications providing the technical infrastructure financial institutions and brokerage firms need to support online and wireless trading. Brokat Individual Investor supports multi-channel delivery and integrates real-time back-office data with market data, allowing Wall Street Access' investors to check their accounts and trade stocks, options, fixed income securities and mutual funds using the Internet or telephone technologies.
"We needed a robust and proven platform to provide a rich array of services and information to our sophisticated traders," said Denis Kelleher, president and CEO for Wall Street Access. "Brokat's years of experience serving the brokerage industry gives us the confidence to know we are installing a time-tested solution that will exceed both the full-featured trading and account information our clients demand, and the flexibility our business requires."
Using Brokat Individual Investor's order handling and administration capabilities, Wall Street Access can customize business rules to determine which orders are to be submitted directly for execution and which orders are to be reviewed/released. As a result, Wall Street Access has an automated system that reduces the manpower required to manage order flow, while giving its savvy investors direct access to market information and straight-through order submission.
"By offering these tailored online trading capabilities to its customers, Wall Street Access understands that success in today's world is defined by your ability to provide your customers the convenience and flexibility they require to conduct business," said Mike Dalen, general manager of Brokat Financial Applications business unit. "We're proud to add Wall Street Access to our growing list of top-tier brokerage customers and to play such a significant part in powering the AccessPoint online trading service."
Brokat Individual Investor complements Brokat's Internet and mobile products for consumer and business banking. These products are supported on the standards-based Brokat Financial Framework and leading application servers. They form the foundation for a highly scalable, open-systems product architecture for online brokerage and banking, with the capability to plug in additional services as needed to meet changing market conditions.
About Wall Street Access
Wall Street Access is a leader in providing high-quality service, personalized attention and electronic trading to the growing market of individual traders and professional money managers. Founded in 1981, Wall Street Access is a member of the NYSE, NASD and SIPC. Wall Street Access clears trades through Deutsche Banc Alex. Brown. The Wall Street Access web site is located at www.wallstaccess.com.
About Brokat Technologies
Brokat Technologies (Nasdaq: BROA, Neuer Markt: BRJ) is a global leader in software that enables user-centric business. Brokat's product families—m-business software including secure mobile payment technology, e-finance and e-brokerage applications, and leading rules management technology—are used by over 3,500 enterprises worldwide including ABN Amro, Allianz, Axa Insurance, Bank of America, Blue Martini Software, Charter One, DaimlerChrysler, DBS Bank, IBM Corporation, LBBW, MasterCard International, Metavante, Nationwide Insurance, NCR, SE-Banken, Sun Microsystems, Swiss Post Office, T-Motion (a subsidiary of Deutsche Telekom), Toyota, Vodafone and Workscape. Select global partners include Blue Martini Software, Compaq, Hewlett Packard, Intel, IBM, Siemens, and Sun Microsystems. With dual headquarters in San Jose, California and Stuttgart, Germany, Brokat employs over 1,100 people in 16 countries. Information on Brokat and its products is available at www.brokat.com.
Forward-looking Statements
This press release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements relating to the development of the Multi-Channel Gateway and its capabilities. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward looking statements. Potential risks and uncertainties include, but are not limited to, general economic conditions, technological and regulatory developments, fluctuations in Brokat's quarterly operating results, the company's history of operating losses and its cash position, and other risks and uncertainties, many of which are beyond the control of the company. Additional information on these and other risks and uncertainties related to the forward-looking statements is included in the "Risk Factors‹Risks Relating to Brokat's Business" section of Brokat's registration statement (No. 333-45430) on Form F-4 dated September 8, 2000 and Brokat's Forms 6-K filed from time-to-time with the U.S. Securities and Exchange Commission, and its Form 20-F for the 2000 fiscal year to be filed with the SEC. The forward-looking statements in this press release are based on management's reasonable beliefs as of the date of this release, and Brokat assumes no obligation to update them to reflect subsequent information or events.
Your Editorial Contacts:
Brokat Contact
Susan Fallon
Brokat Technologies
408.535.1720
E-Mail: susan.fallon@brokat.com
Media Contact
Caroline Pasquesi
Hill and Knowlton
415.281.7170
E-Mail: cpasques@hillandknowlton.com
Brokat is a registered trademark and Brokat Technologies and the Brokat Technologies logo are trademarks of Brokat AG or its subsidiaries in the United States and other countries. J2EE and EJB are trademarks of Sun Microsystems, Inc. in the United States and other countries. Other names are trademarks or registered trademarks of their respective companies.
