CORRECTING and REPLACING AB Watley Announces ''Ultimate FX,'' Offered Through FX...
CORRECTING and REPLACING AB Watley Announces ''Ultimate FX,'' Offered Through FX SolutionsNEW YORK--(Business Wire)--Please replace the release with the following corrected versiondue to multiple revisions. The corrected release reads: AB Watley Announces ''Ultimate FX,'' Offered Through FX Solutions AB Watley Group, Inc. (Pink Sheets: ABWG) www.abwatley.com ispleased to announce its new "Ultimate FX" trading platform designedfor retail and professional currency traders. AB Watley has spent thelast few months developing a strategic relationship with FX SolutionsLLC of Saddle River, New Jersey. As a result, AB Watley will offer oneof the most powerful global Forex trading platforms available. Theplatform will feature a proprietary price feed, advanced hedgingfunctionality, FLEXI Leverage, FLEXI Contracts, multiple stops andlimits, Market News International, multiple charting solutions andsophisticated risk management capability. The "Ultimate FX" tradingplatform gives foreign exchange traders critically importantadvantages including One-Click Trading, ten trading screen layouts, acombined margin-pip-premium calculator, and an audible price alarm. Foreign exchange trading is the simultaneous buying of onecurrency and selling of another. The foreign exchange market (Forex orFX) is the largest financial market in the world with a daily turnoverof over $2.6 trillion. Examples of currency trading pairs are Euro/USDollar (EUR/USD) and US Dollar/Japanese Yen (USD/JPY). Most currencytransactions involve the "Majors" - US Dollar, Euro, Japanese Yen,British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. Unlike most financial markets, the foreign exchange market has nophysical location and no central exchange. The Forex market operates24 hours a day through an electronic network of banks, corporationsand individual traders. Forex trading begins every day in Sydney, thenmoves to Tokyo, followed by London and then New York. The major marketmakers, or dealers, consist of the commercial and investment banks,and registered futures commission merchants (FCMs) such as FXSolutions. FX Solutions' dealing desk is open 24-hours a day fromSunday 16:00 to Friday 16:30 Eastern Time. Clients of AB Watley Group's broker dealer subsidiary, AB WatleyDirect, have been asking for access to the global currency markets.Through its relationship with FX Solutions, AB Watley Direct is proudto be able to offer a world-class capability for FX trading that willcompliment the current online trading offerings of Direct. The foreignexchange markets operate round-the-clock during trading days and offertraders and investors buying and selling opportunities in up, down andsideways markets. Interest in such markets is exploding. Inquiriesconcerning FX should be directed to AB Watley Direct's customerservice at 888-733-9000. Management feels confident that by adding aFOREX trading solution to their product offerings, it will result inpositive benefits for AB Watley Direct's client base, as well as onreported earnings. For more information about the FX platform, visitwww.abwatleyfx.com. Daniel Darst, executive director at FX Solutions, commented,"We're delighted to welcome AB Watley Direct on board. Their strongmarketplace savvy combined with their deep experience in working withdirect clients and self-directed traders should translate into asuccessful relationship and a great offering to the client." About AB Watley Group, Inc. Headquartered in New York City, A. B. Watley Group Inc. (ABWG.PK)is a provider of online financial services through its wholly ownedsubsidiary, A.B. Watley Direct, Inc., a broker-dealer registered withthe Financial Industry Regulatory Authority, Inc. (FINRA) and a SIPCmember. Offering a comprehensive range of services, and developed forthe most demanding equities and options traders, ABWG is positioned toattract the most diverse range of investors and traders -- from theaverage investor to the most sophisticated retail and/or institutionalstock trader. About FX Solutions FX Solutions, LLC was founded in 2001 by two foreign exchangeveterans with over 50 years combined experience. The Company is aleading online foreign exchange (Forex) broker, operating as amarket-maker to retail and institutional clients. With its focus onadvanced trading technology solutions, the firm serves retail clients,white label partners, institutional trading partners, introducingbrokers, fund managers and their clients. Leveraging its proprietaryinterbank market feed, a custom-built Global Trading System (GTS) andfully-automated customer service, FX Solutions sets high standards forexecution speed, price transparency and efficient client management. Certain matters described in this news release may beforward-looking statements subject to risks and uncertainties thatcould cause actual results to differ materially from those indicatedin the forward-looking statements. Such risks and uncertaintiesinclude, but are not limited to, the risk of dependence on marketgrowth, competition and dependence on government agencies and otherthird parties for funding contract.AB Watley Group, IncInvestor Relations, 866-492-8539Copyright Business Wire 2007
