Zealous Trading Group (OTC Bulletin Board: ZLST.OB) announced that the first generation of its Zealous ATS ("ZATS") trading platform is now live.
The restricted stock, warrants and convertible notes for over 400 public and private companies, including international and emerging markets issuers, are now available to trade on this new platform. ZATS, which can be found at zealousats.com, expects to continue adding more securities portals and functionality each month as it gets closer to its full product deployment early next year. The Company stated that this initial launch will be open to only a limited number of institutional investors while it continues to develop its platform and settlement automation process, in preparation for expansion into other products and service areas.
"The ZATS System launch is an exciting milestone for the Company. Although we expect our first generation roll out to be measured, we see strong demand as we push towards our global launch early next year," stated Zealous Trading Group CEO and President, Milton "Todd" Ault III.
ZATS, in connection with its technology partner Transfer Online Development, LLC ("TOLTD"), launched the platform which was previously developed, tested and implemented by TOLTD to execute trades on "Private Trading Boards" for clients such as MasterCard International. The platform has enabled institutions worldwide to gain liquidity and successfully trade their Rule 144a shares in a secure and private environment.