Exhibit 1.     Press Release




c8876
r f BC-Belzberg-approval 09-06 0480
News release via Canada NewsWire, Toronto 416-863-9350

         Attention Business Editors:
         Belzberg Technologies subsidiary Electronic Brokerage Systems LLC
         obtains approval to join National Securities Clearing Corporation

         Self-Clearing status expected to save over $4 million annually

         TORONTO, Sept. 6 /CNW/ - Belzberg Technologies, Inc. (TSX:BLZ)
announced today that its wholly owned subsidiary, Electronic Brokerage Systems
LLC, has been approved by the National Securities Clearing Corporation to become
a member. Members agreed yesterday to approve Belzberg, subject to a few minor
administrative matters that should be resolved shortly.

         "We are very excited to become an NSCC member," said CEO Sid Belzberg.
"I believe this is one of the most significant developments for Belzberg in the
last five years as we should see a significant improvement in profitability.
This clears the way for Belzberg to become self-clearing, which will
significantly reduce our costs and improve our gross margins. Coupled with the
expected approval of EBS' pending electronic NYSE membership application later
this month, we anticipate that clearing and execution fee expenses in our
existing business will be reduced by over $4 million annually. Further,
additional new revenue will have significantly higher profit margins associated
with it as there will be no need to pay an intermediary to clear client's
trades. We also expect that we can be even more competitive on pricing for new
order flow business, and have a number of significant new deals that we expect
to close after gaining both NSCC and NYSE membership."

         "Our expectation is that the financial impact of becoming self clearing
will begin to fully materialize in the fourth quarter," said Mr. Belzberg. "We
will spend the balance of the month of September further familiarizing ourselves
with NSCC procedures to ensure the transition to becoming self-clearing does not
impact our clients. We should be able to see the financial benefits materialize
starting in October."

         About Belzberg Technologies Inc.

         Belzberg Technologies provides the software and networks that enable
global, direct access routing and execution of trades for financial institutions
in the United States, Canada and Europe. Using Belzberg's suite of integrated
trading tools and network connectivity options, Belzberg's customers have direct
access to all North American equities and options markets, as well as major
European stock exchanges. The firm's client-base includes over 110 leading U.S
and international brokerage houses and financial institutions. Belzberg
Technologies is listed on the Toronto Stock Exchange (Ticker-BLZ) - additional
information is available at www.belzberg.com.

         Except for historical information contained herein, the matters
discussed in this press release are based on forward-looking statements that
involve risk and uncertainty. A variety of important factors could cause results
to differ materially from such statements, including but not limited to
economic, competitive, governmental and technological factors affecting the
company's operation, markets, products, prices and other factors.
         %SEDAR: 00008836E

         -0-                            09/06/2002

         /For further information: Steve Wilson, Belzberg Technologies Inc.,
(416) 360-2920, swilson(at)belzberg.com/ (BLZ.)

CO: Belzberg Technologies Inc.
ST: Ontario



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CNW 09:24e 06-SEP-02