JeffreyECHO
ECHOtrade
To the readers of Elite Trader:
We have long admired this site and all of Baron's hard work to make this one of the premier trading sites on the internet, and wanted you all to be among the first to share in our exciting news. This is a copy of the press release that has just been issued to all the news services and news wires, and I have a feeling it will be hot news in our industry.
For Immediate Release
July 1, 2002
Contact: Rob Keller
602-977-0777 ext. 107
rob@echotradeonline.com
ECHOTRADE AND VAN BUREN SECURITIES MERGE TO FORM ONE OF THE LARGEST PROFESSIONAL OFF-FLOOR TRADING FIRMS
CHICAGO, Illinois â July 1, 2002 -- ECHOtrade and Van Buren Securities today announced they have joined forces and merged to form one of the largest professional off-floor trading firms in the industry. The new company will keep the name ECHOtrade in order to capitalize on the strong brand image built in the marketplace.
âThis merger is a win/win for both companies and our traders,â stated Jeffrey DeWit, president and CEO of ECHOtrade. âWith our trader base and technology infrastructure, and Van Burenâs proprietary trading software and solid 6-year performance record, we have a powerful formula for growth, as well as a more complete solution for our traders.â
âECHOtrade has quadrupled in size over the last year during a time when other off-floor firms have been shrinking,â said Vito Sisto, president and CEO of Van Buren Securities. âAt Van Buren, we offer our traders access to our proprietary trading tool which is among the best in the industry. Weâre excited to be able to offer this cutting-edge technology to more traders.â
The trading tool developed by Robert Gregg of Van Buren is currently available to only a select group of proprietary traders at the company. With this merger, ECHOtrade will offer the tool to its entire trader base as a premium service. Gregg will assume the role of director of trading for the new company.
Sisto will serve as president and CEO of the new company, while DeWit assumes the role of managing director and will work closely with the software and technology divisions of the company. Rob Keller, currently ECHOtradeâs chief operating officer, will also assume the role of managing director and will continue to focus on internal trader development.
ECHOtrade is a professional trading firm dedicated to the needs of the serious, off-floor trader.* While only professional traders may open an account, the company also sponsors new traders interested in obtaining their Series 7 license to pursue trading with the company. ECHOtrade has 11 trading offices nationwide. For more information, visit http://www.echotradeonline.com or call 866-700-ECHO.
* ECHOtrade is a registered trademark of ECHOtrade, LLC. ECHOtrade does not solicit retail accounts. Please note that trading securities involves substantial risk and there is no guarantee that your trading will be profitable.
copyright 2002 ECHOtrade, LLC
We are very excited about the prospects of combining the talented teams and traders of our firms. Van Buren's proprietary trading tool is something that I believe our trader base will benefit greatly from and give new traders a powerful weapon in deciphering the moves of the market, and Van Buren's traders as well as our own will benefit from the lower fees that are now possible from combining the power and leverage of our respective firms into one. One of the first benefits all our traders will notice is that starting August 1, 2002, (the conclusion date of the merger) all ECN fees will be free.
Both firms are in in a strong financial position, and this merger of equals is one created from a desire to combine two powerhouses into one mammoth proprietary trading firm in our continuing efforts to supply our traders with the best trading environment and support on the street.
Recently it seems that many of the prospective traders we talk to either chose to join ECHOtrade or have joined Van Buren. It seems that Sterling Trader's speed has been the attraction to both of our firms, and now combining both firms' software refinements into one is another benefit that all traders will enjoy.
To our traders, you will still be working with the same people you have worked with for years, and Van Buren's traders will still have access to the same people they currently work with. The staff of both firms will be involved with the combined entity. Traders from both firms will enjoy a much larger trader base to exchange ideas with, more offices to trade from, and a greater access to proprietary techniques, software, and information than ever before.
Vito Sisto has impeccable credentials including a Nortwestern MBA and years of industry experience, and will head up the firm as I will work closely with the software team in speeding up the future releases of the software which offer some of the most exciting tools and ideas that our industry has ever seen. We are excited to show off some of the innovations that are currently being implemented into what we believe offers the fastest executions of any platform we have tested.
This is one of the most exciting events in the history of our firm, and we are excited about what the future holds for our traders. I will be available by phone or email for any questions, 602-977-0777 ext. 169 or jeff@echotradeonline.com. Thank you all for all of your positive feedback over the years and we will keep working for us and our traders to be the best we all can be.
Sincerely,
Jeffrey DeWit
President, CEO
ECHOtrade
We have long admired this site and all of Baron's hard work to make this one of the premier trading sites on the internet, and wanted you all to be among the first to share in our exciting news. This is a copy of the press release that has just been issued to all the news services and news wires, and I have a feeling it will be hot news in our industry.
For Immediate Release
July 1, 2002
Contact: Rob Keller
602-977-0777 ext. 107
rob@echotradeonline.com
ECHOTRADE AND VAN BUREN SECURITIES MERGE TO FORM ONE OF THE LARGEST PROFESSIONAL OFF-FLOOR TRADING FIRMS
CHICAGO, Illinois â July 1, 2002 -- ECHOtrade and Van Buren Securities today announced they have joined forces and merged to form one of the largest professional off-floor trading firms in the industry. The new company will keep the name ECHOtrade in order to capitalize on the strong brand image built in the marketplace.
âThis merger is a win/win for both companies and our traders,â stated Jeffrey DeWit, president and CEO of ECHOtrade. âWith our trader base and technology infrastructure, and Van Burenâs proprietary trading software and solid 6-year performance record, we have a powerful formula for growth, as well as a more complete solution for our traders.â
âECHOtrade has quadrupled in size over the last year during a time when other off-floor firms have been shrinking,â said Vito Sisto, president and CEO of Van Buren Securities. âAt Van Buren, we offer our traders access to our proprietary trading tool which is among the best in the industry. Weâre excited to be able to offer this cutting-edge technology to more traders.â
The trading tool developed by Robert Gregg of Van Buren is currently available to only a select group of proprietary traders at the company. With this merger, ECHOtrade will offer the tool to its entire trader base as a premium service. Gregg will assume the role of director of trading for the new company.
Sisto will serve as president and CEO of the new company, while DeWit assumes the role of managing director and will work closely with the software and technology divisions of the company. Rob Keller, currently ECHOtradeâs chief operating officer, will also assume the role of managing director and will continue to focus on internal trader development.
ECHOtrade is a professional trading firm dedicated to the needs of the serious, off-floor trader.* While only professional traders may open an account, the company also sponsors new traders interested in obtaining their Series 7 license to pursue trading with the company. ECHOtrade has 11 trading offices nationwide. For more information, visit http://www.echotradeonline.com or call 866-700-ECHO.
* ECHOtrade is a registered trademark of ECHOtrade, LLC. ECHOtrade does not solicit retail accounts. Please note that trading securities involves substantial risk and there is no guarantee that your trading will be profitable.
copyright 2002 ECHOtrade, LLC
We are very excited about the prospects of combining the talented teams and traders of our firms. Van Buren's proprietary trading tool is something that I believe our trader base will benefit greatly from and give new traders a powerful weapon in deciphering the moves of the market, and Van Buren's traders as well as our own will benefit from the lower fees that are now possible from combining the power and leverage of our respective firms into one. One of the first benefits all our traders will notice is that starting August 1, 2002, (the conclusion date of the merger) all ECN fees will be free.
Both firms are in in a strong financial position, and this merger of equals is one created from a desire to combine two powerhouses into one mammoth proprietary trading firm in our continuing efforts to supply our traders with the best trading environment and support on the street.
Recently it seems that many of the prospective traders we talk to either chose to join ECHOtrade or have joined Van Buren. It seems that Sterling Trader's speed has been the attraction to both of our firms, and now combining both firms' software refinements into one is another benefit that all traders will enjoy.
To our traders, you will still be working with the same people you have worked with for years, and Van Buren's traders will still have access to the same people they currently work with. The staff of both firms will be involved with the combined entity. Traders from both firms will enjoy a much larger trader base to exchange ideas with, more offices to trade from, and a greater access to proprietary techniques, software, and information than ever before.
Vito Sisto has impeccable credentials including a Nortwestern MBA and years of industry experience, and will head up the firm as I will work closely with the software team in speeding up the future releases of the software which offer some of the most exciting tools and ideas that our industry has ever seen. We are excited to show off some of the innovations that are currently being implemented into what we believe offers the fastest executions of any platform we have tested.
This is one of the most exciting events in the history of our firm, and we are excited about what the future holds for our traders. I will be available by phone or email for any questions, 602-977-0777 ext. 169 or jeff@echotradeonline.com. Thank you all for all of your positive feedback over the years and we will keep working for us and our traders to be the best we all can be.
Sincerely,
Jeffrey DeWit
President, CEO
ECHOtrade
