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Datek Online Brokerage Services has steadily increased its market
share this year and is now the fourth largest online broker in terms
of daily online transactions, according to Chase H&Q. Datek's
funded accounts have increased 84% since the beginning of the year,
ending the third quarter of 2000 with a total of 623,624.
Datek's leading-edge technology is widely recognized and continues
to set the pace with a number of industry innovations. The online
brokerage unit was the first major online broker to introduce trading
in decimals, the first to offer a continuous 12-hour trading day
for Nasdaq stocks, the first to provide a 60-second commitment to
execute a marketable order, and the first to deliver free, real-time
streaming quotes. Datek Online also was the first brokerage firm
to rebate payments that it received for order flow. For more information
on Datek's services and free Streamer® real-time quotes, see
www.datek.com.
Watcher Technologies LLC, the developer and licensor of leading
trading technology, has been steadily increasing its market share.
Watcher launched its new flagship product, the WatcherPlusTM trading
platform, earlier this year. Since the beginning of 2000, Watcher
Technologies has signed 12 new clients, bringing the total number
of Watcher customers to 14.
IClearing, one of the country's largest clearing firms by transaction
volume, has achieved strong growth, adding five new correspondents
during the second half of 2000. The unit cleared 27.5 million trades
in October 2000, up 65% from October 1999.
About The Island ECN
Island was founded approximately three years ago with the intent
of providing all market participants - from individual investors
to large financial institutions - with the ability to execute transactions
on a level playing field, at an extremely low cost without the presence
of intermediaries. During the third quarter 2000, Island's trading
volume exceeded 12.42 billion shares, which accounted for a total
dollar volume of more than $830 billion. Visit Island at www.island.com.
About Bain Capital
Bain Capital is a global private equity firm that manages several
pools of capital including private equity, high-yield assets, mezzanine
capital and public equity with over $12 billion in assets under
management. Since its inception in 1984, the firm has made private
equity investments and add-ons in over 225 companies, in a variety
of industries, including technology and communications, media and
entertainment, healthcare, consumer goods and industrial products.
Bain Capital partners with exceptional management teams in order
to build long-term value in its portfolio companies. Headquartered
in Boston, Bain Capital has offices in New York, San Francisco and
London. For more information visit www.baincaptial.com.
About TA Associates
TA Associates was founded in 1968 and today is one of the largest
growth capital firms in the country. With offices in Boston, Menlo
Park and Pittsburgh, the firm's $5 billion of capital is used to
support growth, finance acquisitions and fund share repurchases
and management buyouts. TA's investments are focused on growth companies
in technology, financial services and health care. Since inception,
TA has invested in over 320 companies, and in the last five years
has helped companies raise over $15 billion through public offerings,
bank financings and mergers and acquisitions. More information can
be found at www.ta.com.
About Silver Lake Partners
Silver Lake Partners is the leading private equity investment firm
focused on large-scale investments in technology and related growth
companies. The principals of Silver Lake, which include Jim Davidson,
Glenn Hutchins, Dave Roux and the partners of Integral Capital Partners
and Kleiner, Perkins, Caufield & Byers, have extensive experience
investing in, managing, and financing technology and other growth
companies. Silver Lake also works closely with a network of technology
industry executives, who bring valuable insight and assistance in
sourcing transactions, analyzing industry trends, building management
teams, and adding value to Silver Lake's portfolio companies. Silver
Lake has offices in Menlo Park, California and New York, New York.
For more information on Silver Lake Partners, visit www.slpartners.com.
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