| PRESS RELEASE |
| Vancouver, February 23, 2005 TORONTO, ONTARIO - Feb. 23, 2005 – Credential Direct customers are now getting a different, and much deeper, view of pre-trade information. Stockgroup Media Inc. and TSX Datalinx are making real-time snap quotes of the TSX and TSX Venture order book available to Credential Direct. The product allows retail investors access to a real-time snapshot of the order book instead of just the best bid and ask quotes for a stock. "We believe Credential Direct is setting a new benchmark in terms of delivering meaningful and critical trading information to online investors," said Lothar Fabian, Vice President, Credential Direct. "In simple terms, we are now allowing everyday online investors to see a real-time snapshot of the TSX and TSX Venture order books, and we're offering this service at no cost to our clients." Together, Credential Direct, Stockgroup and TSX Datalinx are taking steps to provide greater openness and transparency in the pre-trade market. Everyday investors will no longer feel disadvantaged when executing orders because they now have access to professional market information. "Order Book data is widely used by the professional investment community and active online traders to manage and reduce trading costs. It allows investors trading TSX and TSX Venture stocks to see the size of orders at various bid and ask price levels and provides key information about where the true market is, where it is moving, how best to price an order, and when to place an order," said Eric Sinclair, Senior Vice President, TSX Datalinx. In the professional marketplace this is known as managing an order - the trading process most likely to minimize trading costs and maximize the value of a trade. "Stockgroup continues to be an innovator. By working with TSX Datalinx, we were able to develop a unique product that will empower all investors with critical market book data. Stockgroup is pleased to offer this solution to brokerage firms who want their clients to benefit from this information," said Bryan Buggey, Director of Financial Content and Software for Stockgroup. Investors should check with their brokers for further information on data products and services that are currently available to them. About Credential Direct Credential Direct is an online brokerage service that provides credit union members and independent investors access to self-managed investment services, Commissions are $25 for Web market equity orders up to 1000 shares. Launched in 2000, Credential Direct enables investors to access powerful online trading tools and investment research directly, or through their credit union's Internet portal. Credential Direct is a division of Credential Securities Inc. Both are member companies of Credential Financial Inc., a wealth management distribution company servicing the Canadian credit union system. About Stockgroup Information Systems Inc. Stockgroup Information Systems Inc. is a financial media and technology company. It is a leading provider of private labeled Financial Software and Content Systems to media, corporate and financial services companies. Stockgroup employs proprietary technologies which enable its clients to provide financial data streams and news combined with cutting edge fundamental, technical, productivity and disclosure tools to their customers, shareholders and employees at a fraction of the cost of traditional internal methods. Stockgroup is also a provider of Public Company Disclosure and Awareness Products for publicly traded companies. Its financial Web sites including www.stockhouse.com, www.stockhouse.ca and www.smallcapcenter.com are state-of-the-art online research centers for the investment community. To find out more about Stockgroup (TSX VENTURE:SWB)(OTCBB:SWEB), visit our website at www.stockgroup.com. About TSX Datalinx TSX Datalinx is the data division of TSX Inc. TSX Datalinx provides a broad range of real-time and historical data products and services to customers across North American and around the globe. About TSX Group Inc. (TSX-X) TSX Group operates Canada's two national stock exchanges serving the senior equity and public venture equity markets as well as NGX, a leading North American exchange for the trading and clearing of natural gas and electricity contracts. TSX are the initials attached to the core equity operations of the TSX Group (www.tsx.com): Toronto Stock Exchange, TSX Venture Exchange, TSX Markets, TSX Datalinx, TSX Technologies. TSX Group is headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary and Vancouver. Credential Direct Brokerage services are offered through Credential Direct, a division of Credential Securities Inc., operating as a separate business unit. Credential Securities Inc. is a Member-CIPF. ®Credential Direct is a registered mark owned by Credential Financial Inc, and is used under licence. -30- FOR FURTHER INFORMATION PLEASE CONTACT: or TSX Group Inc. or TSX Group Inc. or Credential Financial Inc. This release has neither been approved or disapproved by the TSX Venture This release can be found at http://www2.ccnmatthews.com/scripts/ccn-release.pl?/2005/02/23/0223033n.html |
| 1 2 3 4 5 6 7 return to news |
 | ||
 |
News Archives | |
 | |
 |
Carol Boutin Manager, Marketing Communications t: 604.714.3997 f: 604.714.3861 e: cboutin@credential.com |