TradeMaven(R) and eLocal Merge to Form TradeMaven(R) Group; Creates Premier All-in-One Direct Access Clearing Solution for Individual, Professional and Institutional Traders and Investors.CHICAGO -- TradeMaven LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and eLocal (eLocalAccess, LLC) today jointly announced they have merged the two firms to form TradeMaven Group LLC (TMG TMG - TransMoGrifier. An early language for writing recursive descent compilers. It was macroed from the IBM 1604 to the IBM 709 to the IBM 7094 to the GE-635, where it was used by McIlroy and Morris to write the EPL compiler for Multics. ). The merger is one of the most significant in the online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. industry, combining TradeMaven's leading technology for online trading with eLocal's exceptional retail and institutional execution and brokerage services. The four managing partners of the newly formed TradeMaven Group are Jeremy R. Short, Peter C. Nannis, Jeffrey C. Ganis and Douglas E. Zalesky. Short and Nannis founded Los Angeles-based TradeMaven in 2003 to provide high-performance and cost-effective trading software for futures, foreign exchange and equity traders worldwide. Ganis and Zalesky established Chicago-based eLocal in 2000 with the merger of two large independent brokerage firms at the Chicago Board of Trade Chicago Board of Trade (CBOT) The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. . The new firm will be headquartered in Chicago with no employee attrition Attrition The reduction in staff and employees in a company through normal means, such as retirement and resignation. This is natural in any business and industry. Notes: . TMG will exclusively offer TradeMaven(R) software as an all-in-one technology and brokerage solution for the trading of futures, foreign exchange and ultimately stocks and stock options from the same platform. TradeMaven's direct access technology includes a proven and refined advanced order-entry toolset, highly customizable long/short term charts, accurate real-time and historical tick data, advanced analytics, automated trading and execution for all markets. "TMG is now in a position to provide the quality trading experience traders deserve," said Short. "By combining our products and services into one firm we are making it much easier and less costly for the online trader. With TradeMaven's superior technology and eLocal's reliable and robust execution infrastructure, we deliver a better solution to our customers. TMG will continue to lead online trading into the future with exciting products and services that will result from this strategic merger of technology and brokerage. The TMG management team also is committed to bringing improved accountability and greater transparency to the trading software and brokerage industries." "Through this merger, professional and institutional traders will benefit tremendously from our soon-to-be-released PropMaven(TM) software," Zalesky said. "PropMaven is a much-needed innovation in the high-volume, short-term trader space. Our software will provide a better visual interface and an advanced single-click order strategy at a lower cost." The new firm plans to charter TradeMaven University (TMU TMU Taipei Medical University TMU Tokyo Metropolitan University TMU Traffic Management Unit (BCOPD) TMU Texture Mapping Unit (3D video rendering hardware) TMU Time Measurement Unit ), founded with the mission of teaching aspiring as·pire intr.v. as·pired, as·pir·ing, as·pires 1. To have a great ambition or ultimate goal; desire strongly: aspired to stardom. 2. traders how to trade effectively. TMU will offer trading education in conjunction with proven and reputable rep·u·ta·ble adj. Having a good reputation; honorable. rep  u·ta·bil educational firms and individuals, including its founders. TradeMaven Group will conduct live trading demonstrations, training sessions and other educational activities from its headquarters in the Chicago Board of Trade. In addition, TMU will offer Internet-based trading education and seminars. "Today's online trader has limited need for a full-service broker Full-Service Broker A broker that provides a large variety of services to its clients, including research and advice, retirement planning, tax tips, and much more. Of course, this all comes at a price, as commissions at full-service brokerages are much higher than those at discount and frowns upon costly advice and fees," Ganis said. "Traders want an easy-to-use and a powerful trading platform, a live software support line, a 24-hour order desk, a low commission rate and low software and data fees. The new TMG offers all of these features as a one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. ." "Our users tell us time and again that our software is unmatched," Nannis said. "As a result of this merger, we will have the resources to take software development to the next level. Our mission is to build on our position as an industry innovator." TradeMaven is a known leader and developer of technology for online trading. eLocal is recognized for exceptional brokerage services, platform reliability and discounted pricing. Visit the firm's new web site at www.trademaven.com. |
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