Midas Trade

MidasTrade.com Inc. (MIDS:OTC)
6280 Manchester Boulevard, Suite 145
Buena Park, California   90621
714.521.0660
www.midastrade.com

Ten Key Points

1. As the first company to provide a direct link between Korean investors and the U.S. securities markets, MidasTrade.com Inc. has a 12-month first-mover advantage over competitors.
2. Its client base in Korea includes three of the nation's five largest brokerage firms: Good Morning Shinhan Securities, Daishin Securities, and Woori Investment and Securities (formerly LG).
3. MidasTrade provides a range of services including direct access trading of U.S. equities and broker/dealer execution services via two levels of trading platforms for both individual and semi-professional traders.
4. The company private-labels its trading platforms for broker/dealers and institutions.
5. The third generation of its proprietary software trading platform, the Global Access Direct Network, now gives Korean traders and investors the ability to trade U.S. securities and access data feeds in real-time and entirely in Korean.
6. Other MidasTrade trading platforms -- TradePro, TradePro 1.5, TradePro 2, and ProTrader -- provide various levels of news, data, and real-time trading as well as direct access to securities traded on the New York Stock Exchange, Nasdaq, American Stock Exchange, OTC Bulletin Board, and Pink Sheets.
7. Thirteen-hour trading day allows customers to take advantage of news and earnings reports as they happen.
8. MidasTrade's various platforms allow qualified clients to write calls against existing long positions; buy puts against existing long positions; write puts against existing short positions; and buy calls against short positions.
9. MidasTrade's wholly owned broker/dealer subsidiary, Midas Securities LLC, is a member of the Securities Investors Protection Corporation (SIPC), an industry group that provides to investors protection against financial insolvency at its member firms.
10. On November 9, 2005, MidasTrade announced that it has signed an agreement with the Korea Securities Computer Corporation that will allow MIDS to install software that will enable U.S. investors to trade Korean securities online in real time. When fully implemented in early 2006, this will create a two-way trading highway between the two nations.

Corporate Overview

MidasTrade.com Inc. is a U.S.-based company committed to providing foreign investors, traders and institutions direct electronic access to the U.S. securities markets through its wholly owned broker/dealer subsidiary, Midas Securities LLC (member NASD and SIPC). The company has developed the Global Direct Access Network (GDAN), a proprietary software trading platform that allows investors to trade stock, bonds, options and futures in real time via their online trading account through the MidasTrade network of participating exchanges around the world.

With GDAN, Korean and American investors will have direct access into each others' markets and be able to trade securities online in real time, obtaining near-instant executions and confirmations and paying only minimal transaction fees.

In March 2002, the company launched its trading system with the Korea Depository Service (KSD), the sole provider of custodial and depository services in Korea for all securities transactions. KSD and MidasTrade launched the Home Trading System in order to satisfy the Korean's demand for direct access to U.S. markets. Currently, Midas Securities' client base consists of some the top brokerage firms in the country. The company's current client base includes:

• Good Morning Shinhan Securities
• Daishin Securities ( largest brokerage firm in Korea in terms of overall share transactions)
• Woori Investment and Securities (formerly LG Investment and Securities)
• E*Trade Korea

In November 2005, an agreement with the Korea Securities Computer Corporation added 13 smaller firms.

The Korea Securities Computer Corporation (Koscom) is the exclusive provider of all the stock market information as well as service bureau, home trading and back office services for the Korean Stock Exchange. The November agreement with Koscom calls for MidasTrade to install its Global Direct Access Network software at Koscom, thus enabling MidasTrade to provide U.S. brokers and financial institutions direct access trading of Korean stocks, bonds, futures and options. This will allow MidasTrade GDAN to process both incoming and outgoing orders between Korea and the U.S.

Two Important Products

GDAN 3.0 -- This updated version of the Global Direct Access Network features fully translated screen tabs, comprehensive charts, drop-down menus and directories as well as real-time data feeds. With its light footprint, it is more dynamic than its predecessors, and can be woven seamlessly into a host firm's system.

Tradepro 11 -- Currently being aggressively promoted in the U.S., this newest version of TradePro supports multiple screens and offers various levels of data, news, real-time trading and account management as well as direct access to securities on all major U.S. venues.

Market Opportunity

In Korea alone, the online trading market is massive, boasting more than 4.8 million online accounts and an estimated 730,000 active day traders. In addition, more than 50 percent of all trades executed in Korea are done online.

Currently, foreign transactions in Korea are completed offline and done by phone or facsimile by large institutional firms. Foreign transactions represent 28 percent of all stock volume, 12 percent of options, and 22 percent of all futures traded on the Korean Stock Exchange. In May of 2005, Korea's stock transactions were valued at $68.5 billion, with more than $20 billion of that derived from foreign trading.

Pursuant to the recent deal with Koscom, in 2006 MidasTrade's GDAN will become truly a two-way trading highway between Korea and the U.S. Firmly established in Korea, MidasTrade plans to aggressively expand into Taiwan, Canada, China, Europe and beyond.

Three Key Management Members

Jay S. Lee, President and Chief Executive Officer

Robert Wilson, Vice President and Chief Financial Officer

Peter Lee, Vice President, Operations

Two Key Members of the Advisory Board

Hunn Gunn Ro, retired chairman and CEO of the Korea Securities Depository

Ho-Soo Oh, former chairman of the Korea Securities Dealers Association and Korea Securities Analysts Association. Former president and CEO of LG Investment and Securities Co. Ltd.

For More Information

Heidi E. Hirst
Director, Corporate Communications
Telephone: 604.598.0345
Toll-Free: 866.430.5486
Facsimile: 604.598.0341
heidi@midastrade.com

 

 

 

 

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