NewswireToday - /newswire/ -
New York, NY, United States, 2007/05/10 - Genesis Securities, LLC, NASDAQ’s Certified Platinum Partner today announced that Genesis is once more ranked as NASDAQ’s Certified Platinum Partner for order entry in 2007.
Genesis is the only company, which has been NASDAQ’s certified platinum partner for 3 years in a row in the Order Entry category.
Genesis has been NASDAQ’s Certified Platinum Partner since 2004. For the previous three years, Genesis provides a fully customizable, state of the art DMA platform - Laser - for the sophisticated and active day traders, as well as institutional and automated traders. Laser is fully integrated with NASDAQ’s TotalView and OpenView products, providing more inside liquidity data than the standard level II or NYSE OpenBook. Through its Laser technology, Genesis has pioneered one of the fastest direct market access systems in the world. Genesis executes about 2-4% of NASDAQ daily volume and 1-1.5% of the NYSE/AMEX daily trading volume. In January 2006, Genesis traded over 1.6 billion shares, and over 4.4 million trades which generated $20 million in revenue.
Another of Genesis’ innovative products is the Genesis Trading Protocol (GTP), which is utilized to communicate with Genesis’ execution servers. With GTP, orders can be entered via a simple text format. This can minimize programming times. All GTP orders are sent to the Genesis system directly, bypassing any extra servers, which result in increased speed and greater stability. This is a tremendous execution quality advantage
for the rapidly growing “High Frequency” Black Box Trading Community.
“We are really proud of our Laser system. We provide the best execution with very low commission rates, which tremendously benefits our active day traders. ” Said William Yeh, the CEO of Genesis Securities LLC.
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.
About Genesis Securities
Genesis Securities (gndt.com) is the only Platinum Certified broker dealer ranked by NASDAQ for professional order entry, and handles an average of 4% of daily trade volume. Genesis is responsible for the fully customizable, state of the art DMA platform known as Laser, for use by sophisticated institutional investors and active traders.
SogoInvest (sogoinvest.com) was founded to pioneer the online stock trading industry by offering low cost commission fees of $3 -$1 per trade and bridging the gap between the Wall Street trader and the Main Street consumer. Its powerful technology offers the average investor both the speed, ease of use, and economies of scale that were once only offered to the professional and institutional investor. SogoInvest offers automatic daily investments, dollar cost averaging and real-time trading at the same low price. SogoInvest is an online discount brokerage firm, and a wholly owned subsidiary of Genesis Securities, LLC.