Micro Design Services, LLC
Roman Szymansky, President
Phone: 973.402.4334 x101
roman@microdesignservices.com
www.microdesignservices.com
American Stock Exchange
Contact: Lynn Teresky
212.306.1654
lynn.teresky@amex.com
AMERICAN STOCK EXCHANGE
IMPLEMENTS COMPLEX ORDER ENTRY AND REPORT SYSTEM CAPABILITY
CREATED BY MICRO DESIGN SERVICES, LLC
AMEX INTRODUCES HANDWRITING RECOGNITION
FOR
TRADE EXECUTION REPORTING
August 18, 2003 — Micro Design
Services, LLC (MDS) today announced that the American
Stock Exchange® (Amex®) will implement a new feature
for the handling of complex orders in its online Booth
Automated Routing System (BARS). BARS is an automated
order entry and report system, designed and developed
for the Amex by MDS.
The new system offers expedited processing
of an order from a member firm's trading desk to a floor
broker's hand-held terminal, where it will be fully represented
in the crowd. The handwriting recognition feature will
provide an alternative method of entry for trade executions.
This new feature will provide faster executions and eliminate
a majority of order reentries.
About Amex
The American Stock Exchange®
(Amex®) is the only primary exchange that offers trading
across a full range of equities, options and exchange
traded funds (ETFs), including structured products and
HOLDRSSM. In addition to its role as a national equities
market, the Amex is the pioneer of the ETF, responsible
for bringing the first domestic product to market in 1993.
Leading the industry in ETF listings, the Amex lists 123
ETFs. The Amex is also one of the largest options exchanges
in the U.S., trading options on broad-based and sector
indexes as well as domestic and foreign stocks. For more
information, please visit www.amex.com.
About
Micro Design Services, LLC
Micro Design Services, LLC (MDS) is an industry
leader in the design and development of sophisticated
software products for the financial industry. MDS provides
its customers with outstanding technology, enabling them
to compete in a rapidly changing environment. The company
created the patented MarketLook™ Information System
(MLIS) , and designed and developed many of the order
m anagement and r outing systems used on leading equities,
options, and futures exchanges in the US. These systems
incorporate the latest in wireless radio technology, and
mobile tablet computer products. Founded in 1990, MDS
is headquartered in Parsippany, New Jersey. For more information,
visit www.microdesignservices.com.
