| Business Summary | | A.B.
Watley
Group
Inc.
provides
direct-access
trading
capabilities
and
related
software
to
retail
and
corporate
customers.
As
of
September
30,
2000,
the
Company
had
approximately
11,000
retail
customers.
The
Company
began
marketing
its
proprietary
technology,
which
it
calls
a
Direct-Access
Vertical
Exchange
(DAVE),
to
the
brokerage
and
banking
industries.
These
initiatives
resulted
in
the
Company's
licensing
agreement
with
E*TRADE
Group,
Inc.
Historically,
revenues
have
been
generated
primarily
from
retail
customer
transactional
fees.
In
the
future,
the
Company
anticipates
augmenting
that
revenue
with
licensing
and
related
fees
from
its
corporate
clients. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | A.B.
Watley
Group,
Inc.
is
a
financial
services
company
which
owns
A.B.
Watley,
a
registered
securities
broker-dealer
that
provides
real-time
online
financial
brokerage
services
and
securities
market
information.
For
the
nine
months
ended
6/30/01,
revenues
fell
37%
to
$20.9
million.
Net
loss
totaled
$13.5
million,
up
from
$4.1
million.
Revenues
reflect
lower
commissions
earned
due
to
a
decrease
in
overall
trading
activity
by
online
traders
and
higher
depreciation
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Steven Malin, 43 Chairman,
CEO | $132K | Anthony Huston, 37 Pres,
Director | 132K | Robert Malin, 35 Vice
Chairman of the Company and Pres of A.B. Watley, Inc. | -- | Joseph Ramos, Jr., 42 CFO,
Exec. VP | 180K | Eric Steinberg, 35 Exec.
VP - Admin. | -- | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|