Web Street Securities, Inc., an innovative and highly rated online brokerage firm and wholly owned subsidiary of Web Street, Inc. (NASDAQ:WEBS), today announced that it reached a significant milestone yesterday by executing more than 10,000 trades within a single day.
Joseph J. Fox, Chief Executive Officer of Web Street, stated, "There is no space in the e-commerce market that becomes as competitive with each passing year as the online brokerage industry. We believe our reaching this important milestone in such a short span of time is a testimony to the ambitious nature of our company and our clients. We hope that our continued success, as reflected by achieving more than 10,000 trades in a day, conveys to the public our constant ability to evolve and excel in our marketplace."
Web Street's operating milestone is due in part to its recently launched national advertising campaign for print and TV, produced by TBWA Chiat/Day. The campaign, and its tagline, "Invest With Ambition," geared towards experienced and novice investors alike, has not only built up Web Street's brand recognition but also added the customers necessary to achieve this significant milestone.
"We strongly believe that as our average daily trades continue to grow at these levels, we will not only be able to capitalize on this momentum in the United States, but internationally as well. We fully expect this success to continue in the coming weeks and months, as Web Street introduces U.S. trading to Hong Kong through our strategic partnership with Sun Hung Kai & Co., and in France through our alliance with ConSors AG, one of Europe's leading online brokers. By leveraging these strategic international alliances, our proven business model will undoubtedly flourish throughout the major markets of the world," said Fox.