17 January 2018
visit www.avoka.com

141 Capital inks trading platform license agreement with Wind River Development

21 May 2009  |  1656 views  |  0 Source: 141 Capital

141 Capital (OTCPK: ONCP) announced today that it has entered into a license agreement with Wind River Development Corporation ("WRDC") to develop a new trading platform technology.

As part of the product development and specific to the company's license agreement with WRDC, 141 sublicensed its recently announced Spooz, Inc. technology to WRDC. In return, 141 will have the exclusive license of the trading platform for the trading of futures and their attendant options. Coupled with 141 becoming an Introducing Broker, 141 management stated it believes the company will generate significant commission revenues.

Additionally, to secure proprietary rights and position the company strategically for future technological development revenues, 141 management noted that it is actively pursuing an equity position in WRDC.

Errol Stone, 141's CEO asserted, "The development of the trading platform is officially now underway. We cannot overstate our excitement with these developments; furthermore, we project the prototype to be available for beta testing in 90 days or sooner."

 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.fivedegrees.nlvisit www.vasco.com

Who is commenting?

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11748 views comments | 16 tweets | 17 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
9899 views comments | 32 tweets | 35 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
9671 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
9376 views comments | 17 tweets | 13 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9249 views comments | 14 tweets | 16 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job