Broker's Fast Systems and News Desk Compete for Shorts in Embattled Stock Before Halt

09 Mar, 2004, 00:00 ET from Hold Brothers On-Line Investment Services LLC

    JERSEY CITY, N.J., March 9 /PRNewswire/ -- Hold Brothers executed a large
 short position in Martha Stewart Living Omnimedia Inc. (MSO) seconds before it
 closed, executing for its customer and proprietary traders 63,800 short sell
 shares at prices greater than $16 between 15:00:20 and 15:01:46, seconds
 before the halt. The stock closed that day at $10.86/share.
     Trading firm Hold Brothers On-Line Investment Services LLC, "Hold
 Brothers," specializes in "News Strike" trading and creating high speed
 trading software. Hold Brothers' (internet: holdbrothers.com) news department
 incorporated News Strike which involved reviewing major news sources, some
 conflicting, in the Martha Stewart verdict and instantly barking out its
 interpretation over the company's public address system to offices and
 traders.
     "News Strike" is an esoteric news analysis concept involving a human
 filtering through instant news feeds and disseminating orally, with abrupt
 analysis, only that information thought to move stocks -- it was invented and
 implemented by Hold Brothers in 1995.
     Hold Brothers' proprietary trading software, Graybox, specializes in high
 availability, high speed market liquidity access. Graybox has various smart
 keys that specialize in grabbing market liquidity. Keys range from the precise
 scalpel like "Dynamic Smart Order" which hunts for the best prices while
 constantly refreshing its view of the market, to the aggressive machete like
 "Blast" which takes as much liquidity as fast as possible with little regard
 for price differences between liquidity levels.
     Graybox maintains its own direct connections to all of the major ECNs and
 liquidity sources in order to compile its own ECN "books" to see the most
 complete picture of the market as possible and to cut out hops between data
 vendors in order to avoid latency.
     Hold Brothers, New Jersey's largest daytrading firm, has been a leader in
 electronic trading since 1994, and ranked #152 and #150 in the Inc. 500 list
 of fastest growing companies in 2000 and 2001 respectively.
     NASDAQ daytrading took a hit in the early part of this decade but Hold
 Brothers retooled itself from trading mostly NASDAQ stocks to primarily NYSE
 issues. Hold Brothers experienced sharp growth in traders and revenue last
 year -- 4th quarter 2003 revenues were $ 5,718,970 compared with $ 3,713,584
 for the 4th quarter of 2002.
     People interested in licensing News Strike or trading with Hold Brothers
 can call 1-201-499-8700 ext. 8848 or email: contact@holdbrothers.com .
 
 

SOURCE Hold Brothers On-Line Investment Services LLC
    JERSEY CITY, N.J., March 9 /PRNewswire/ -- Hold Brothers executed a large
 short position in Martha Stewart Living Omnimedia Inc. (MSO) seconds before it
 closed, executing for its customer and proprietary traders 63,800 short sell
 shares at prices greater than $16 between 15:00:20 and 15:01:46, seconds
 before the halt. The stock closed that day at $10.86/share.
     Trading firm Hold Brothers On-Line Investment Services LLC, "Hold
 Brothers," specializes in "News Strike" trading and creating high speed
 trading software. Hold Brothers' (internet: holdbrothers.com) news department
 incorporated News Strike which involved reviewing major news sources, some
 conflicting, in the Martha Stewart verdict and instantly barking out its
 interpretation over the company's public address system to offices and
 traders.
     "News Strike" is an esoteric news analysis concept involving a human
 filtering through instant news feeds and disseminating orally, with abrupt
 analysis, only that information thought to move stocks -- it was invented and
 implemented by Hold Brothers in 1995.
     Hold Brothers' proprietary trading software, Graybox, specializes in high
 availability, high speed market liquidity access. Graybox has various smart
 keys that specialize in grabbing market liquidity. Keys range from the precise
 scalpel like "Dynamic Smart Order" which hunts for the best prices while
 constantly refreshing its view of the market, to the aggressive machete like
 "Blast" which takes as much liquidity as fast as possible with little regard
 for price differences between liquidity levels.
     Graybox maintains its own direct connections to all of the major ECNs and
 liquidity sources in order to compile its own ECN "books" to see the most
 complete picture of the market as possible and to cut out hops between data
 vendors in order to avoid latency.
     Hold Brothers, New Jersey's largest daytrading firm, has been a leader in
 electronic trading since 1994, and ranked #152 and #150 in the Inc. 500 list
 of fastest growing companies in 2000 and 2001 respectively.
     NASDAQ daytrading took a hit in the early part of this decade but Hold
 Brothers retooled itself from trading mostly NASDAQ stocks to primarily NYSE
 issues. Hold Brothers experienced sharp growth in traders and revenue last
 year -- 4th quarter 2003 revenues were $ 5,718,970 compared with $ 3,713,584
 for the 4th quarter of 2002.
     People interested in licensing News Strike or trading with Hold Brothers
 can call 1-201-499-8700 ext. 8848 or email: contact@holdbrothers.com .
 
 SOURCE  Hold Brothers On-Line Investment Services LLC