MidasTrade.com Inc. (PINK SHEETS: MIDS) announces its wholly owned subsidiary, Midas Securities, LLC along with the Korea Exchange Bank Futures and GoodMorning Shinhan Securities will jointly host and sponsor the Introducing Single Stock Futures Conference on August 31, 2006 at The Westin Chosun Hotel in Seoul Korea. OneChicago, one of the fastest growing futures exchanges in the U.S., will present at the conference to Fund Managers and Asset Managers from Korean Banks and Trusts. MidasTrade will launch their new futures and options services offered through the MidasTrade Global Direct Access Network.
Single Stock Futures are agreements traded on a futures exchange, to buy or sell a specific security at a specified price at a date in the future. The futures contract specifies the security, quality, quantity, delivery date and settlement mechanism. Single Stock Futures trading will provide Korean investors the ability to trade and hold U.S. securities without being subject to U.S dividend withholding taxes, making it far more appealing for Korean investors to trade on the U.S. securities markets. MidasTrade anticipates a significant demand for this product and plans to capitalize on this emerging market through its services provided to Korean investors, security firms, trusts and banks through the MidasTrade Global Direct Access Network.
OneChicago is a joint venture of Interactive Brokers Group, LLC, the Chicago Board Options Exchange IncorporatedÂ® (CBOEÂ®), Chicago Mercantile Exchange Inc. (CMEÂ®) and the Chicago Board of Trade (CBOTÂ®). All products are electronically traded on the CBOEdirectÂ® match engine and accessible through the CBOEdirect and CME GlobexÂ® platforms. Security futures can be traded out of either securities or futures accounts. For more information about OneChicago and its products, please access the OneChicago website at www.onechicago.com.
About MidasTrade.com Inc.
MidasTrade is a U.S. based company committed to the deployment of the Midas Global Direct Access Network (GDAN) that allows investors to trade securities, options and futures in real time via their online trading account through the MidasTrade network of participating exchanges, all over the world. The MidasTrade GDAN is designed to provide investors with immediate execution and confirmation of their securities trade with minimal surcharges and commissions. The company successfully launched MidasTrade GDAN in South Korea and the U.S. in March 2002 and is expanding to Canada, Hong Kong and Europe. Additional information is available at www.midastrade.com.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.