This Announcement Marks an Important Step to
Broadening Investor Access and Enhancing Liquidity on the tZERO
ATS
tZERO, a leader in financial innovation and liquidity for
private companies, announced today that it has completed a
technology integration with Sterling Trading Tech, a leading global
provider of trading and compliance solutions. This integration
enables two of Sterling Trading Tech’s broker-dealer customers, MM
Global Securities, a boutique Wall Street brokerage firm that
provides a convenient trading solution, and a brokerage and
clearing company offering sophisticated clearing, settlement, and
custody services, to be live and trading on the tZERO ATS.
Sterling Trading Tech provides its various front-end trading
platforms and order management system (OMS) to broker-dealers,
clearing firms, hedge funds, and buy-side trading institutions. The
integration allows broker-dealer licensees of Sterling Trading
Tech’s technology to easily access the tZERO ATS, subject to the
tZERO ATS’s onboarding process for subscribers. With over 100
clients, including leading brokers, clearing firms, and prop
groups, in over 20 countries, Sterling Trading Tech supports tens
of thousands of users worldwide and provides links to over 80
execution venues in the U.S. Sterling Trading Tech currently
touches over 5% of the daily U.S. equity volume.
tZERO CEO Saum Noursalehi stated, “Through the integration with
Sterling Trading Tech, we are excited that two new broker-dealers
are live and trading on the tZERO ATS. One of our top priorities is
to continue to grow and diversify the subscriber base of the ATS
and today’s announcement is another catalyst to help broaden
investor participation on our platform.”
The customers of these broker-dealers are now able to trade the
digital securities that trade on the tZERO ATS. The tZERO ATS
currently has six active subscribers and has signed three
additional agreements with progressive broker-dealers interested in
trading digital securities.
Sterling Trading Tech CEO Farid Naib stated, “As the industry is
seeking exposure to digital securities, we are excited to provide
both our existing and future clients access to these innovative
securities that trade on the tZERO ATS.”
tZERO is a technology firm with the goal of democratizing access
to private capital markets. tZERO is a subsidiary of Medici
Ventures, the blockchain-focused, wholly owned subsidiary of
Overstock.com, Inc. (NASDAQ:OSTK).
Investor Notice
Investors should note that trading securities could involve
substantial risks, including no guarantee of returns, costs
associated with selling and purchasing, no assurance of liquidity,
which could impact the price and ability to sell, and possible loss
of principal invested. Further, an investment in single security
could mean lack of diversification and, consequently, higher
risk.
No Offer, Solicitation, Investment Advice or
Recommendations
This release is for informational purposes only and does not
constitute an offer to sell, a solicitation to buy, or a
recommendation for any security, nor does it constitute an offer to
provide investment advisory or other services by tZERO or any of
its affiliates, subsidiaries, officers, directors or employees. No
reference to any specific security constitutes a recommendation to
buy, sell, or hold that security or any other security. Nothing in
this release shall be considered a solicitation or offer to buy or
sell any security, future, option or other financial instrument or
to offer or provide any investment advice or service to any person
in any jurisdiction. Nothing contained in this release constitutes
investment advice or offers any opinion with respect to the
suitability of any security, and the views expressed in this
release should not be taken as advice to buy, sell or hold any
security. In preparing the information contained in this release,
we have not taken into account the investment needs, objectives,
and financial circumstances of any particular investor. This
information has no regard to the specific investment objectives,
financial situation, and particular needs of any specific recipient
of this information and investments discussed may not be suitable
for all investors. Any views expressed in this release by us were
prepared based upon the information available to us at the time
such views were written. Changed or additional information could
cause such views to change. All information is subject to possible
corrections. Information may quickly become unreliable for various
reasons, including changes in market conditions or economic
circumstances.
Forward-Looking Statements
This release contains forward-looking statements. In addition,
from time to time, tZERO, its subsidiaries, or its representatives
may make forward-looking statements orally or in writing. These
forward-looking statements are based on expectations and
projections about future events, which is derived from currently
available information. Such forward-looking statements relate to
future events or future performance, including financial
performance and projections; growth in revenue and earnings; and
business prospects and opportunities. You can identify
forward-looking statements by those that are not historical in
nature, particularly those that use terminology such as “may,”
“should,” “expects,” “anticipates,” “contemplates,” “estimates,”
“believes,” “plans,” “projected,” “predicts,” “potential,” or
“hopes” or the negative of these or similar terms. In evaluating
these forward-looking statements, you should consider various
factors, including, without limitation: the ability of tZERO and
its subsidiaries to change the direction; tZERO’s ability to keep
pace with new technology and changing market needs; and
competition. These and other factors may cause actual results to
differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The
forward-looking events discussed in this release and other
statements made from time to time by tZERO, its subsidiaries or
their respective representatives, may not occur, and actual events
and results may differ materially and are subject to risks,
uncertainties and assumptions. tZERO, its subsidiaries, and its
representatives are not obligated to publicly update or revise any
forward-looking statement, whether as a result of uncertainties and
assumptions, the forward-looking events discussed in this release
and other statements made from time to time by tZERO, its
subsidiaries or its representatives might not occur.
About tZERO
tZERO Group, Inc. and its broker-dealer subsidiaries (tZERO)
provide an innovative liquidity platform for private companies and
assets. We offer institutional-grade solutions for issuers looking
to digitize their capital table through blockchain technology, and
trade on a regulated alternative trading system. tZERO democratizes
access to private assets by providing a simple, automated, and
efficient trading venue to broker-dealers, institutions, and
investors. For more information on tZERO, please visit
https://www.tzero.com/.
tZERO is not a registered broker-dealer, funding portal,
underwriter, investment bank, investment adviser or investment
manager, and is not providing brokerage, investment banking or
underwriting services, recommendations or investment advice to any
person, and does not provide any brokerage services. tZERO takes no
part in the negotiation or execution of secondary market
transactions for the purchase or sale of securities and, at no
time, has possession of investor funds or securities in connection
with such transactions.
About tZERO ATS
tZERO ATS, LLC is a broker-dealer registered with the SEC and a
member of FINRA and SIPC. More information about tZERO ATS may be
found at www.finra.org. Digital securities that trade on tZERO ATS
are conventional uncertificated securities. Ownership of such
securities is reflected on the traditional books and records of
regulated market participants. The term "digital" refers to the
blockchain technology elements of a security that are intended to
enhance investor experience through added transparency.
About Sterling Trading Tech
Sterling Trading Tech (STT) is a leading provider of
professional trading technology solutions for the global equities,
equity options, and futures markets. With over 100 clients
including leading brokers, clearing firms, and prop groups in over
20 countries, STT provides solutions tailored to clients’ needs.
STT supports tens of thousands of users worldwide and provides
links to over 80 execution venues in the U.S. STT currently touches
over 5% of the daily U.S. equity volume. STT is committed to
providing fast, stable technology along with outstanding customer
service.
About MM Global Securities
MM Global Securities (MM Global) is a boutique Wall Street
brokerage firm that offers a convenient trading solution. MM
Global's senior management has over 25 years of experience in the
securities industry. MM Global is a registered broker-dealer with
the SEC and a member of FINRA and SIPC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201027005665/en/
tZERO Media Contact Alexandra Sotiropoulos,
+1-347-293-1416 asotiropoulos@tzero.com
Investor Contact Michael Mougias, +1-347-293-1248
mmougias@tzero.com
Sterling Trading Tech Media Contact: Melinda Joseph,
+312-517-3569 melinda.joseph@sterlingtradingtech.com
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