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August 29, 2002 - E*TRADE Canada first
online broker in Canada to offer automated Technical Event® identification
through partnership with Recognia Inc.
New stock analysis tools provide yet another
reason for Active Traders and Serious Investors to trade smarter
and faster with Power E*TRADE®
Toronto, ON, Canada, August 29, 2002— E*TRADE Canada
today became the first online broker in Canada to launch automated
Technical Event identification and chart pattern recognition tools,
utilizing advanced recognition technology developed by Recognia
Inc. These industry leading analytical tools will allow E*TRADE
Canada customers to research stocks with reference to recent Technical
Event opportunities, allowing investors to make more informed trading decisions
and uncover new investing opportunities.
"E*TRADE Canada is serious about providing the best service
to enable Active Traders and Serious Investors to make effective
investment decisions," said Colleen Moorehead, President of
E*TRADE Canada. "The recent addition of Recognia's sophisticated
stock analysis tools will help make our customers the smartest and
fastest investors in Canada."
Power E*TRADE® is announcing today two tools powered by Recognia
for Active Traders and Serious Investors:
- Recent Technical Event opportunities,
a feature that allows online investors to select a stock symbol
and review recent price movements or chart patterns for that stock
(such as bullish reversal patterns); and,
- Technical Event Stock Screener,
a tool that allows customers to produce a list of stocks based
on specified Technical Event search criteria. The Technical
Event Stock Screener answers some of investors' most common
questions when searching for new investing ideas and includes
pre-built selection criteria such as "Stocks with Long-Term
Bullish Outlook" or "Stocks with a Possible 15% Price
Increase".
"We are very excited that E*TRADE Canada is the first online
broker in Canada to provide this powerful new information to the
retail investor," said Sean Church, President and CEO of Recognia
Inc. "By using the power of E*TRADE Canada's tools and the
information provided by Recognia, investors can now make better
trading decisions than ever before. Technical Analysis is a tried
and true tool that provides investors with an objective source of
investment information. We're pleased to work with E*TRADE Canada
to help their customers trade smarter."
Technical Event Alerts functionality
will be offered to Power E*TRADE accounts in future phases to further
increase customers' ability to trade smarter and faster. These e-mail
alerts will provide automatic notification when a Technical
Event occurs, facilitating quicker responses to changes in
market conditions and more educated and timely decision-making.
E*TRADE Canada is part of E*TRADE Financial, a global pioneer in
diversified financial services and world leader in online trading.
Power E*TRADE provides Active Traders and Serious Investors with
enhanced access to information, superior service, faster trading
and valuable market insight. Recognia's technical analysis tools
are an excellent complement to Power E*TRADE's existing tools that
include:
- professional command centre (streaming real-time quotes, portfolios
and news, Canadian depth of market, Nasdaq Level II, and institutional
analytics and charting);
- advanced trading features (multi-order trading desk, stop orders,
email/wireless alerts, short selling, option trading, global ETFs,
etc.);
- high performance (leading-edge RoutEX™ trading system and
the 60 Second Advantage);
- priority service (24x7 customer service with advanced Power
E*TRADE specialists);
- special pricing (low cost trading from $19.99, preferred interest
rates, and no RRSP, mutual fund, account management or order-handling
fees); and,
- up to $1,800 cash offer for new Active Traders and Serious Investors.
Gomez has repeatedly rated E*TRADE Canada the #1 online broker
for Active Traders and Serious Investors in Canada.
About E*TRADE Canada
E*TRADE Canada is a service of E*TRADE Canada Securities Corporation
(discount broker), a member of the TSX, the TSX Venture Exchange,
Montreal Exchange, the Investment Dealers Association and the Canadian
Investor Protection Fund. The E*TRADE Canada service is offered
in all provinces. E*TRADE, E*TRADE Canada, E*TRADE Financial, Power
E*TRADE and the Asterisk Logo are registered trademarks of E*TRADE
Group, Inc. or its subsidiaries and are used with permission. E*TRADE
Group, Inc., a U.S. public holding company listed on the New York
Stock Exchange, is the indirect parent of E*TRADE Canada. E*TRADE
Group, Inc. is also the parent of U.S. based E*TRADE Securities,
Inc. and E*TRADE Bank, each a pioneer in digital and online financial
services.
About Recognia Inc.
Recognia Inc., a privately held company founded in 2000, provides
automated Technical Event identification and chart pattern recognition
to financial web sites, online brokerages and other trading institutions.
Recognia has developed patented technology for chart pattern recognition
and the identification of other types of Technical Event opportunities. Recognia's
technology is capable of recognizing patterns and other formations
in the price charts of any publicly traded financial instrument
including stocks, bonds, funds, commodities, currencies and indexes.
Recognia also provides a range of delivery methods that allow brokers,
and other organizations, to deliver this information to their clients
and accountholders. Recognia also maintains an unrivalled historical
database of information relating to chart patterns and other technical
information, providing historical context and past performance information.
For more information please contact:
Colleen Moorehead
President
E*TRADE Canada
T: 416-214-6954
E: colleen.moorehead@etrade.com
Aimee Lazarus
Hill and Knowlton Canada
T: 416-413-4601
E: aimee.lazarus@hillandknowlton.ca
Sean Church
President and CEO
Recognia Inc.
T: (416) 697-8400
E: schurch@recognia.com
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