EXHIBIT 10.1

                              CONSULTING AGREEMENT

This Consulting Agreement (the "Agreement") is entered into as of this 8th day
of March, 2005, by and among Blue Marble Investments Ltd., ("Consultant")
located at P.O. Box 267, Leeward Highways, Providences, Turks and Caicos Islands
and AB Watley Group Inc. ("Watley"), a corporation organized and existing under
the laws of Delaware with corporate offices at 90 Park Ave, New York, New York
10016.

                               W I T N E S S E T H

WHEREAS, Watley desires to engage Consultant to perform certain services
including public relations services on its behalf and to advise Watley on
certain business opportunities; and

Whereas, Consultant has represented that it has the experience and expertise to
perform those certain services which will help Watley in its endeavors to become
better known in the business and financial community and seek further business
opportunities;

NOW, THEREFORE, in consideration of the premises and mutual covenants set forth
herein, the parties hereto agree as follows;

1.    Services to be Preformed. Consultant agrees to provide the following
      services on behalf of Watley.

      (a)   Consultant shall provide input on Watley's marketing and sales plans
            and materials;

      (b)   Consultant shall provide advice and assistance to Watley with regard
            to public relations, mergers, acquisitions, obtaining corporate
            financing and other business opportunities;

      (c)   Consultant shall provide public relations services to Watley and
            shall advise Watley regarding press releases and communications with
            the investment community, including mutual funds, money managers,
            investors and brokerage firms;

2.    Representations of Watley. Watley represents and warrants that:

      (a)   Watley has the full power and authority to execute and deliver this
            Agreement, and to perform all of its obligations herein, and this
            Agreement has been duly authorized and approved by Watley and is
            binding upon it in accordance with its terms.

      (b)   The warrants and underlying common stock of Watley to be issued to
            Consultant as compensation have been dully issued and, in the case
            of the common stock, reserved for issuance upon exercise of the
            stock options.

3.    Representation of Consultant. Consultant represents and warrants that:

      (a)   Consultant has full power and authority to execute and deliver this
            Agreement, and to perform all of its obligations herein and this
            Agreement has been duly authorized and approved by Watley and is
            binding upon it in accordance with its terms.


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      (b)   Consultant shall limit its representation about Watley to facts
            disclosed by Watley to Consultant, which are not required to be kept
            confidential.

4.    Terms of this Agreement. This agreement shall be binding and in effect
      from the date this Agreement is signed through March 7, 2007.

5.    Compensation.

      As total compensation for Consultant's services:

      (a)   Watley shall issue to Consultant warrants for an aggregate of
            3,000,000 shares of Watley common stock at a price of $.01 per share
            with a cash-less exercise clause. The warrants shall vest on March
            8, 2006 and be exercisable through March 7, 2016.

6.    Notice. All notices, requests, demands and other communications hereunder
      shall be in writing and personally delivered, or sent by registered or
      certified mail or reciepted overnight courier service (such as Federal
      Express) to the following addressees:

      If to Watley:           A.B. Watley Group, Inc.
                              90 Park Ave
                              New York, New York 10016
                              Attn: Robert Malin, President

      If to Consultant:       Blue Marble Investment Ltd.
                              P.O. Box 267
                              Leeward Highway, Providenciales
                              Turks and Caicos Islands

      Provided, however, that either party hereto may, from time to time give to
      the other party written notice, in the manner provided for herein, of some
      other address to which communications to such party shall be sent, in
      which event notice to such party shall be sent. Notice shall be deemed
      effectively given hereunder when personally delivered or deposited in the
      United States mail, postage prepaid, registered or certified, return
      receipt requested, or transmitted by overnight receipted courier service
      as the case may be.

7.    Binding Effect, Assignment. This Agreement shall be binding upon and inure
      to the benefit of the parties hereto and their respective personal
      representatives, heirs, spouses, beneficiaries, successors and permitted
      assigns. Neither party to this Agreement may assign such party's rights or
      obligations hereunder without the prior written consent of the other
      party.

8.    Complete Assignment. This Agreement constitutes the complete understanding
      between the parties with respect to the subject manner hereof. This
      agreement constitutes the entire agreement between the parties hereto with
      respect to the matters covered herein and supersedes all prior or
      contemporaneous agreements, negotiations, representations or discussions
      with respect to such subject matter. This Agreement may not be amended or
      modified except by a written instrument executed by the parties hereto.


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9.    Governing Law. This Agreement and performance hereunder shall be governed
      by and construed in accordance with the laws of the state of New York. In
      the event of any legal or equitable action arising under this Agreement,
      the parties hereto hereby agrees that the courts of the State of New York
      shall have sole and exclusive jurisdiction and venue over any such action
      and each party hereby consents to such jurisdiction.

10.   Further Action. Each Party to this Agreement shall take such further
      action to execute, file, publish and deliver such additional certificates,
      instruments, agreements and other documents as the other party may from
      time to time, reasonably request in order to effectuate the transfer
      contemplated herein, or otherwise to accomplish the purposes of this
      Agreement.


11.   Waiver. No waiver of any breach of any term or condition of this Agreement
      shall be deemed to be a waiver of any subsequent breach of any term or
      condition of a like or different nature.

12.   Severability. If any provision of this Agreement shall be held invalid or
      unenforceable, such validity or unenforceability shall not, if possible,
      affect the validity or enforceability of any other provision of this
      Agreement, and this Agreement shall, if possible, be construed and
      enforced in all respects are if such invalid or unenforceable provision
      had not been contained herein.

13.   Draftsmanship. The fact that one of the parties may have drafted or
      structured any provision hereof shall not be considered in construing the
      particular provision either in favor of, or against, such party.

14.   Counterparts. This Agreement may be executed simultaneously in several
      counterparts, each of which shall be deemed an original, but all of which
      shall only constitute one instrument. Facsimile signatures are acceptable.

      IN WITNESS WHEREOF, each of the parties having agreed to the above
      mentioned terms and conditions have hereunder set their hands and seal as
      of this 8th day of March, 2005.


                                          BLUE MARBLE INVESTMENTS LTD.

                                          By: /S/ Hugh O'Neil
                                          -----------------------------
                                          Name:  Hugh O'Neil


                                            AB WATLEY GROUP INC.


                                          By: /s/ Robert Malin
                                          -----------------------------
                                          Name: Robert Malin, President


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