Software company I-Cap
Inc. unveiled a new system Monday that stands to give individual
investors the same treatment as Wall Street’s biggest movers and shakers.
I-Cap introduced a new trading system that will allow individuals to
eventually trade all stocks publicly listed on the Nasdaq, New York and
American stock exchanges before and after the market opens. That gives
small investors an opportunity to capitalize on news that emerges outside
of trading hours that can sometimes substantially move a stock’s value.
Since I-Cap is still programming its trading system, only shares of the 30
companies that make up the Dow Jones industrial average can
currently be traded.
The only online broker to sign up for the service so far is GL Barrett &
Associates of Tampa, Fla., which charges a $25 commission. However, I-Cap
hopes to add online brokers soon.