The acquisition of ScanTheMarket is further evidence of Genesis Securities continued growth and success. As Genesis handles more and more of the daily NASDAQ volume, we are able to update and upgrade our features, and extend that to our customers.
New York, NY (PRWEB) November 14, 2006
Genesis Securities LLC, the only NASDAQ Certified Platinum Partner for professional order entry and the largest Asian-owned broker dealer in the country, is proud to announce the acquisition of the market scanning technology, ScanTheMarket.com.
Genesis Securities sent shockwaves through the online brokerage world in July 2006 with the launch of SogoInvest.com. SogoInvest was able to offer trades at a commission of $1 per trade, becoming the original catalyst for the recent industry-wide brokerage price war. Since that date, SogoInvest has continued to innovate by offering a wealth of powerful trading tools for free to the professional investor.
ScanTheMarket.com, formerly a subscription-based site, will now be free to all SogoInvest customers with funded accounts. The ability to use this service provides a distinct advantage in finding stocks with a high probability of significant return, and then acting on that information. Using ScanTheMarket.com, you can specify independent scan parameters, like sector, return, fluctuation, and volume, to find stocks that are performing at your absolute requirements, in a matter of seconds. Frequent use of these tools will allow any investor to spot significant changes in performance throughout the trading day, and react instantaneously within SogoInvest's trading platform.
Genesis will be working to integrate the ScanTheMarket service into all funded SogoInvest accounts by December 2006. In doing so they continue their commitment to offering investors of all levels and backgrounds access to the professional grade services and information that institutional investors rely on Genesis Securities for. SogoInvest has not only become a leader in the deep discount brokerage space, it's on the cutting edge of customer service and technological innovation. According to William Yeh, President of Genesis Securities, "The acquisition of ScanTheMarket is further evidence of Genesis Securities continued growth and success. As Genesis handles more and more of the daily NASDAQ volume, we are able to update and upgrade our features, and extend that to our customers."
The acquisition of ScanTheMarket is one of the final steps in preparation for the upcoming launch of SogoInvest Elite, a premier version of the SogoInvest service that offers the more complex services that professional traders have long been familiar with for research and execution. SogoInvest Elite promises to be a feature rich endeavor that will appeal to more seasoned stock market veterans looking to consolidate their research and trading under one service, while still gleaning the benefits of fast execution and cutting edge technology.
As the online discount brokerage space continues to grow it is becoming ever more important for investors to focus on long-term reliability amidst short term promises and hidden fees. Investors will continue to put emphasis on quality of information and speed of execution, and Genesis Securities, together with SogoInvest and ScanTheMarket, will continue to be the undisputed leader in offering those features to active traders for free.
About Genesis Securities
Genesis Securities is the only Platinum Certified broker dealer on the NASDAQ for professional order entry, and handles an average of 4% of the daily trade volume. Genesis is responsible for the fully customizable, state of the art DMA platform Laser, for use by the sophisticated institutional investor. In July of 2006, Genesis launched SogoInvest.com to allow any trader, professional or otherwise, access to its proprietary trading platform through a unique discount online brokerage. Since that time SogoInvest has come into its own as a popular and reliable service known for its rock bottom prices and outstanding customer experience. Visit http://www.sogoinvest.com for details.
ScanTheMarket.com (http://www.ScanTheMarket.com) the Stock Market Search Engine Service developed by financial technology firm Modulus Financial Engineering, Inc., based in Chicago, IL. Modulus Financial Engineering, Inc. is a privately held company. The firm provides software tools and consulting services to Institutional brokerages and private traders for equities, options, futures, and Forex markets. Modulus Financial Engineering provides innovative products and services to thousands of clients in over 150 countries. Top clients include Goldman Sachs, TD AmeriTrade, Value Line, Inc., Lycos Finance, Man Financial and many others. For more information about Modulus Financial Engineering, Inc. please visit http://www.modulusfe.com or call toll free (888) 318-3754.
Media Relations, SogoInvest
dali @ sogoinvest.com