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| UNX Executive Available to Talk About Effective Trading Alternatives to Mutual Fund Investments for Market Timers and Institutional Investors
NEW YORK--(BUSINESS WIRE)--Sept. 9, 2003-- BizVantage – The NOW newsletters, realtime with your content - for business, investment or technology. Randy Abernethy, CEO of UNX, is available for interviews to discuss solutions to the restrictions market timers face when investing in mutual funds. Mr. Abernethy, a U.S. equity market structure specialist, will discuss ways electronic direct access trading and basket trading offer alternatives to timing mutual funds. Over the coming weeks, the regulatory and industry focus on the improper trading of mutual funds will increase significantly. As the investigations move forward, it is important to look at the solutions available to implement market timing strategies effectively while helping to avoid some of the controversial trading practices currently being examined. UNX, Inc. is an institutionally focused agency broker dealer with direct access technology consolidating access to all major sources of liquidity in the U.S. equities marketplace. Among its advanced products and services, the firm pioneered online basket trading tools for institutional investors to specifically target problems they faced when investing in mutual funds. Baskets, which can be designed to emulate specific mutual funds, offer many advantages over traditional funds, including: -- Intra-day trading -- Customizable stock selections within the basket portfolio -- Ability to short holdings -- Baskets can have lower transaction fees and expenses than mutual funds "UNX was founded to provide asset managers and institutional investors with innovative solutions for executing a wide variety of investment strategies," commented Mr. Abernethy. "Electronic direct access to the equities market and strong portfolio trading solutions are very well positioned to offer the flexibility that market timing strategies demand." To speak with Mr. Abernethy, please contact Damon Leavell at 973-267-8800 x23 or damonl@spring-obrien.com. Company Contact: Susan Park, 818-333-3305, susan.park@unx.com.
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