International Assets Holding Corp. Introduces After-Hours Trading

Business Wire, July 19, 1999

NEW YORK--(BUSINESS WIRE)--July 19, 1999--

International Assets Holding Corp. ("the company") (Nasdaq:IAAC), announced that its retail brokerage subsidiary, International Assets Advisory Corp., has implemented expanded trading hours after successfully completing a test initiated several months ago.

Clients can now transact outside of normal U.S. market hours in thousands of foreign securities in which the company principally trades.

In addition, the company will make Instinet, a Reuters-owned company, available to International Assets Advisory Corp. clients allowing them to transact in NASDAQ NMS and NYSE-listed securities before and after normal market hours. Orders executed on Instinet carry an additional processing fee, generally two cents per share. Expanded hours for both foreign share trading and Instinet order execution are from 8:30-9:30 a.m. and 4:00-5:00 p.m. EST Monday through Friday.

"For some years institutional investors have had the ability to buy and sell stocks outside of normal market hours," said Diego J. Veitia, chairman and chief investment officer of International Assets Holding Corp. "We are delighted to now make these services available to our retail clients."

International Assets Holding Corporation is an independent financial services firm dedicated to the concept of global diversification and the long-term value of global investing. Founded in 1987 and publicly traded since 1994, the company's business is conducted through two principal operating subsidiaries: International Assets Advisory Corp. (IAAC; 1-800-432-0000; www.IAAC.com) and Global Assets Advisors (GAA). IAAC is a dealer of global securities offering institutions and retail investors access to financial markets around the world. GAA is a registered investment advisor specializing in professional global money management for high net-worth individuals and institutions. In addition, the company recently formed a third subsidiary, International Trader Association (ITA), to execute its previously announced strategy of offering investors 24-hour, on-line trading of foreign and domestic securities using the Internet.