Terra Nova Announces Acquisition of Market Wise Companies

Acquisition Gives Active Investors Access to Market Education

Developed And Embraced by Professional Traders



Apr 26, 2001, 01:00 ET from Terra Nova Trading, L.L.C.

    CHICAGO, April 26 /PRNewswire/ -- Terra Nova Trading, L.L.C. ("Terra
 Nova"), one of the nation's largest online brokerage firms for active traders,
 announced today that it has expanded its commitment to trader education
 through the acquisition of Market Wise Securities, L.L.C., and Market Wise
 Stock Trading School, L.L.C.  Both Chicago-based Terra Nova and Market Wise
 Securities, of Broomfield, Colo., are direct-access broker dealers.
     Terms were undisclosed.
     "This acquisition transforms our combined entities into a leader of trader
 education," said Terra Nova president Chris Doubek.  "Terra Nova customers now
 have access to the same programs that Market Wise employs to educate its
 proprietary and retail traders."
     According to Doubek, the acquisition unites the shared visions of two
 companies that forged a new model for trading where market participants have
 the power to control their wealth through direct access to the markets.
     "At a time when other direct-access broker dealers are being acquired or
 positioning themselves for acquisition, we are charting our own course of
 strategic growth," said Doubek.
     "We considered other growth opportunities, but were compelled by Terra
 Nova's strategy for advancing a new model for trading," stated Market Wise
 president David Nassar.  "Terra Nova shares our commitment to the RealTick(R)
 trading platform and our vision that a trader's success is the result of
 advanced technology and sound education.  The synergies gained from our
 relationship with Terra Nova will create opportunities to better serve
 customers in the future."
     Nassar, a respected authority in the online trading world and best-selling
 author, will continue as the company's president.  He will also join the
 combined companies' board of directors.
     Both companies will maintain their management structures and broker dealer
 status. No jobs will be eliminated, and no employees will be relocated.
 
     About Terra Nova Trading, L.L.C.
     Terra Nova Trading, L.L.C. is a broker dealer and an experienced leader in
 online, direct-access trading solutions for active investors.  Terra Nova's
 customers are equipped with dynamic real-time quotes and charts through the
 completely customizable RealTick(R) software platform from Terra Nova's
 technology partner, Townsend Analytics.  Traders route orders directly to
 competitive markets and receive live order and account updates.  Terra Nova
 was the sponsoring broker dealer of one of the most active ECNs in the nation,
 Archipelago, and remains one of its largest subscribers.  Terra Nova's clients
 were among the first to enjoy Archipelago's premier access to the marketplace.
 Founded in 1994, Terra Nova is headquartered in state-of-the-art facilities in
 Chicago.  Securities are offered through Terra Nova Trading, L.L.C., member
 NASD, SIPC & PCX.  For more information, visit the Terra Nova Web site at
 http://www.terranovatrading.com .
 
     Market Wise Securities, L.L.C.
     Market Wise Securities, L.L.C. is a recognized direct-access broker dealer
 that specializes in retail, institutional and proprietary trading.  Market
 Wise Stock Trading School, L.L.C. is a leader in trader education that teaches
 methodologies and techniques used by professional traders.  The company
 believes that education is a critical and often undervalued factor in
 successful trading.  Market Wise services are supported by the industry-
 leading RealTick(R) trading platform.  Securities are offered through Market
 Wise Securities, L.L.C., member NASD, SIPC.  For more information, visit the
 Market Wise Web site at http://www.marketwise.com .
     RealTick is a registered trademark of Townsend Analytics, Ltd.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X52558767
 
 

SOURCE Terra Nova Trading, L.L.C.
    CHICAGO, April 26 /PRNewswire/ -- Terra Nova Trading, L.L.C. ("Terra
 Nova"), one of the nation's largest online brokerage firms for active traders,
 announced today that it has expanded its commitment to trader education
 through the acquisition of Market Wise Securities, L.L.C., and Market Wise
 Stock Trading School, L.L.C.  Both Chicago-based Terra Nova and Market Wise
 Securities, of Broomfield, Colo., are direct-access broker dealers.
     Terms were undisclosed.
     "This acquisition transforms our combined entities into a leader of trader
 education," said Terra Nova president Chris Doubek.  "Terra Nova customers now
 have access to the same programs that Market Wise employs to educate its
 proprietary and retail traders."
     According to Doubek, the acquisition unites the shared visions of two
 companies that forged a new model for trading where market participants have
 the power to control their wealth through direct access to the markets.
     "At a time when other direct-access broker dealers are being acquired or
 positioning themselves for acquisition, we are charting our own course of
 strategic growth," said Doubek.
     "We considered other growth opportunities, but were compelled by Terra
 Nova's strategy for advancing a new model for trading," stated Market Wise
 president David Nassar.  "Terra Nova shares our commitment to the RealTick(R)
 trading platform and our vision that a trader's success is the result of
 advanced technology and sound education.  The synergies gained from our
 relationship with Terra Nova will create opportunities to better serve
 customers in the future."
     Nassar, a respected authority in the online trading world and best-selling
 author, will continue as the company's president.  He will also join the
 combined companies' board of directors.
     Both companies will maintain their management structures and broker dealer
 status. No jobs will be eliminated, and no employees will be relocated.
 
     About Terra Nova Trading, L.L.C.
     Terra Nova Trading, L.L.C. is a broker dealer and an experienced leader in
 online, direct-access trading solutions for active investors.  Terra Nova's
 customers are equipped with dynamic real-time quotes and charts through the
 completely customizable RealTick(R) software platform from Terra Nova's
 technology partner, Townsend Analytics.  Traders route orders directly to
 competitive markets and receive live order and account updates.  Terra Nova
 was the sponsoring broker dealer of one of the most active ECNs in the nation,
 Archipelago, and remains one of its largest subscribers.  Terra Nova's clients
 were among the first to enjoy Archipelago's premier access to the marketplace.
 Founded in 1994, Terra Nova is headquartered in state-of-the-art facilities in
 Chicago.  Securities are offered through Terra Nova Trading, L.L.C., member
 NASD, SIPC & PCX.  For more information, visit the Terra Nova Web site at
 http://www.terranovatrading.com .
 
     Market Wise Securities, L.L.C.
     Market Wise Securities, L.L.C. is a recognized direct-access broker dealer
 that specializes in retail, institutional and proprietary trading.  Market
 Wise Stock Trading School, L.L.C. is a leader in trader education that teaches
 methodologies and techniques used by professional traders.  The company
 believes that education is a critical and often undervalued factor in
 successful trading.  Market Wise services are supported by the industry-
 leading RealTick(R) trading platform.  Securities are offered through Market
 Wise Securities, L.L.C., member NASD, SIPC.  For more information, visit the
 Market Wise Web site at http://www.marketwise.com .
     RealTick is a registered trademark of Townsend Analytics, Ltd.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X52558767
 
 SOURCE  Terra Nova Trading, L.L.C.