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A.B. Watley Group Inc. (fka ABWG) RSS Feed

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25
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Created
05/24/07
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 A. B. Watley Direct, Inc.
50 Broad Street, Suite 1728
New York, New York 10004
http://www.abwatley.com/


A.B. Watley Group

Headquartered in New York City, A. B. Watley Group Inc. (ABWG) is a cutting edge provider of online financial services through its wholly owned subsidiary, A.B. Watley Direct, Inc., a broker-dealer registered with the National Association of Securities Dealers, Inc. and a SIPC member. Offering a comprehensive range of services, and developed for the most demanding day traders, ABWG is positioned to attract the most diverse range of investors -- from the average investor to the most sophisticated retail and/or institutional stock trader.

At A.B. Watley Direct our goal is to provide the highest level of service in the electronic trading industry at the lowest possible cost.

Online Trading Products and Services

ABWG is an online discount brokerage firm that offers two extraordinary electronic trading systems which employ superior, continually updated, computer hardware and software to instantly deliver real-time market data and process customer orders. The two primary systems offered by ABWG are UltimateTraderTM and WatleyTraderTM. UltimateTraderTM was developed by ABWG as a unique trading system that empowers the high-end, large volume retail and/or institutional stock trader with a transparent view of the electronic stock markets. This innovative system is a client-server application that can be accessed through the Internet, as well as through various private virtual networks.

The Web-based WatleyTraderTM, on the other hand, was designed to attract individual investors seeking fundamental online trading solutions. By offering both of these services, ABWG offers the solution for all equities traders and investors as their trading needs evolve.

 

Through its trading platforms, ABWG also offers a full range of financial products, in addition to equities and equity options trading, including spot foreign exchange (Forex or FX), as well as currency options, futures, physical commodities, mutual funds and fixed income products. Access to quality research, graphing and charting capabilities and NASDAQ Level II data are a hallmark of UltimateTrader. By offering multiple levels of service to suit the need of every online trader (from the occasional investor to the active day trader), ABWG should be your site for trading or investing.

Watley's superior trading platforms are combined with extraordinary customer service, provided by a team of professionals with more than 25 years of combined experience. Each trader gets a dedicated, knowledgeable customer support team.

UltimateTraderTM -- The Premier Industry Trading System

ABWG developed UltimateTraderTM in 1996 to offer the high-end, large volume retail and/or institutional trader a real-time, dynamic, institutional quality U.S. equity trading platform. UltimateTraderTM is among the most advanced trading stations delivered over the Internet today, providing for immediate executions on listed shares, NASDAQ equities, and equity options in a transparent environment. Upon routing orders directly to the exchanges, UltimateTraderTM enables execution and confirmation of orders in a matter of seconds from any Internet point in the world.

WatleyTraderTM -- A Fundamental Trading Platform

WatleyTraderTM is the Company`s fundamental Internet brokerage service and among the most comprehensive data gathering and execution savvy products on the World Wide Web today. Targeted toward those individuals who typically trade two to ten times a month, WatleyTraderTM offers comprehensive data on stocks, markets, indices, mutual funds, news, options, etc. This product is accessed primarily through an interactive, well-designed, data rich website that establishes user interaction through a plethora of free data.

Could it Be Any Easier?

  • Choose to specify a destination and route a trade to the market of your choice. Or let our system automatically route your orders.
  • Electronically trade an unlimited number of shares for one low price; including OTCBB and Pink Sheet stocks.
  • Trade equities, options, futures and currencies during market hours, as well as pre- and post-market.
  • Real-time Level II screens and charts for stocks, including Pink Sheet and Options quotations.
  • Place orders from our platforms with as little as one mouse click or hotkey.


Exchange : OTC
Stock Symbol : ABWG.PK
Transfer Agent : American Stock Transfer & Trust Company, New York
Corporate Counsel : Gottbetter & Partners, LLP, New York
Independent Accountants : Marcum & Kliegman LLP, New York

Investor Relations : 866-492-8539


Share Structure:

As of November 12, 2007, AB Watley Group, Inc. has 27,794,714 shares issued and outstanding.

Transfer agent: American Stock Transfer & Trust Company, New York

Investor relations: 1-866-492-8539

Most recent press:

AB Watley Shareholder Update
Tuesday November 13, 9:00 am ET

NEW YORK--(BUSINESS WIRE)--(Pink Sheet: ABWG) – AB Watley Group, Inc. is providing a corporate update for shareholders and investors.

Over the past few years the Company has been managing a number of strategic issues relating to the overall success of AB Watley. While management’s attention was directed toward the preservation of AB Watley and its assets over this time period, management feels it is now time to refocus their efforts on the growth and expansion of the Company.

The first step in that direction will be to inform the shareholders and investment community of the Company’s financial status by providing audited financials. The Company’s last quarterly filing was filed for the 2nd qtr. ending March 31, 2005. To meet the filing requirements with the SEC, the Company is currently preparing the documentation needed by our auditor to complete the missing filings. Once they are updated AB Watley will apply to be listed on the OTC Bulletin Board.

As of November 12, 2007, AB Watley Group, Inc. has 27,794,714 shares issued and outstanding. AB Watley Group, Inc. is the parent company for AB Watley Direct, Inc. a fully licensed online Broker-Dealer registered and in good standing with the NASD and SEC. AB Watley Direct, Inc. financials are audited by Lipner Sofferman & Company, LLP and are current with the SEC. Since inception, Direct has posted profitable earnings for AB Watley Group, Inc.

“Marketing our Ultimate Trader® and Watley Trader® to the active online trader at highly competitive rates will be our focus going forward”, stated Steve Malin, Chairman of the Board. “We grew our company in the past by focusing on our target market; and we will continue to concentrate on those traders as they represent the most profitable segment of all traders,” Mr. Malin continued.

In addition, management is exploring numerous opportunities in the Foreign Exchange (FOREX) trading markets. These markets are international and operate throughout the world 24 hours a day. Management feels confident that by adding a FOREX trading solution to their product offerings, it will result in an immediate positive impact on both their client base and earnings.

With many alternative online trading brokers such as ETrade, Inc. (ETFC, NASDAQ), TDAmeritrade (AMTD, NASDAQ), TradeStation Group, Inc. (TRAD, NASDAQ) and Charles Schwab (SCHW, NASDAQ) just to name a few, management would like to thank their loyal shareholders and clients for their continued support. 
 
 
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