San Francisco, CA—Jan-12-2016 — APT Systems, Inc. (OTC: APTY), a fully reporting public company in the Trading Systems sector, announced today that it has been accepted into the FAST Program to facilitate the transfer of shares traded in the public market and is considered DWAC eligible. The purpose of these programs is to reduce the cost of creating, moving and storing physical share certificates.
The DWAC (Deposit and Withdrawal at Custodian) service provides participants with the ability to make electronic book-entry deposits and withdrawals of eligible securities through the FAST Program. The FAST Program (Fast Automated Securities Transfer) is a contract between DTC (Depository Trust Company) and the Company’s Transfer Agent that eliminates the movement of physical securities by allowing the agents to hold one balance certificate in lieu of multiple certificate issuances.
The Company’s Management believes this is one more step completed to facilitate the trading of its shares and to help provide liquidity for shareholders and market makers. We are exploring other registration options such as DRS (Direct Registration System) status that allows shareholders to have shares held electronically in their name or their brokers' name vs. having a broker put it into a street name. In 1996, the DRS process was created for people who didn't want their stock held directly by their brokerage firms.
We want the investing public to be comfortable buying and selling our shares and to find the trading process fully accessible and relatively easy.
About APT Systems, Inc
APT is an acronym for Applied Proprietary Trading. Management of APT Systems, Inc. works to deliver stock trading tools with a focus on handheld devices while also strategically acquiring other compatible financial businesses which demonstrate strong growth potential.
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