Today’s Announcement Marks an Important Step to Broadening Investor Access to Overstock’s Digital Preferred Shares & Enhancing Liquidity on the tZERO ATS
tZERO, a leader in financial innovation and liquidity for private companies, announced that it has completed a technology integration for its broker-dealer subsidiaries with FlexTrade, a global leader in broker-neutral, execution and order management trading platforms for equities, foreign exchange, options, futures, and fixed income. This integration enables D.A. Davidson & Co. (D.A. Davidson), a full-service investment firm, to go live and commence trading on behalf of its customers on the tZERO ATS. D.A. Davidson customers are now able to trade Overstock’s innovative Series A-1 shares (OSTKO). The tZERO ATS now has seven active subscribers and has signed two additional agreements with progressive broker-dealers interested in trading digital securities.
“We are pleased that D.A. Davidson is live and trading on the tZERO ATS. Growing the number of broker-dealers subscribed to the ATS remains a top priority and today’s announcement marks an important milestone in expanding investor participation on our platform.”
Saum Noursalehi, CEO of tZERO, stated, “We are pleased that D.A. Davidson is live and trading on the tZERO ATS. Growing the number of broker-dealers subscribed to the ATS remains a top priority and today’s announcement marks an important milestone in expanding investor participation on our platform.”
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D.A. Davidson is an employee-owned financial services firm offering a range of financial services and advice to customers nationwide. The tZERO ATS is used by D.A. Davidson’s growing Equity Capital Markets group, which has offices nationwide and provides capital markets services and products that include investment banking, institutional sales, trading, corporate services, and award-winning equity research.
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Monte Giese, President of Equity Capital Markets for D.A. Davidson, said, ”We are committed to providing liquidity and best execution services to a wide range of institutional and corporate investors, including many of the largest mutual fund and money managers in the world. We are excited to now provide them with access to Overstock’s innovative digital preferred shares via 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..
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