TradeStation Brokerage Platform to Launch June 27th; Institutional and Active Trader Brokerage Web Sites Launched Today.Business Editors MIAMI--(BUSINESS WIRE)--June 12, 2001 TradeStation Group, Inc. (Nasdaq:TRAD) announced today that its new TradeStation platform with integrated direct-access brokerage execution will be launched June 27th. Prior to the full launch, existing brokerage clients will be migrated to the new brokerage platform starting this week. TradeStation will be unveiled at the institutional MAR and SIA Sia (sī`ə) or Siaha (sī`əhə), in the Bible, family returned from the Exile. SIA - Serial Interface Adaptor trade shows over the next several days. The New TradeStation Platform TradeStation is the first trading platform that combines the speed of intelligent direct-access order-routing with two powerful advantages not found anywhere else: The power to test and automate your own trading strategies In finance, a trading strategy (see also trading system) is a predefined set of rules to apply. Usually, this refers to a means used to replicate an option in order to give it an arbitrage free value in the sense that the cost of buying some financial assets to give the same . TradeStation is designed to transform a user's PC into an interactive trading assistant. One that can actually help traders develop their own time-tested rules for getting in and out of the market. And one that offers traders the power to automate the execution of their trading strategies in ways never thought possible. "After years of hard work, we are at last just a couple weeks away from the most significant event in the company's history," said Bill Cruz, Co-CEO and Co-Chairman of the Board of TradeStation Group. "The imminent release of the new TradeStation platform means not only are we about to provide our customers with the ability to trade through their preferred analytical platform, but that we've also completed the transformation of our business model we laid out over a year ago." Brokerage Web Sites for Institutional and Active Traders Launched Today TradeStation Group launched two new Web sites today at http://www.tradestation.com. One is for institutional clients - hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , mutual and pension funds, and professional money managers. The other is for active individual traders - like many of the thousands of users who have spent over $100 million to purchase TradeStation software over the years. These sites allow institutional and active traders to learn about the unique functionality of TradeStation and to open brokerage accounts Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. through the company's subsidiary, TradeStation Securities, Inc. In particular, they provide full details about the two key innovations at the heart of the platform - strategy testing and automated trading. Strategy Testing What has made TradeStation analytical software Analytical software is software that is designed specifically for and development of a particular environment or object. so successful over the years is its unique capability to allow users to describe their trading strategies to a computer and have the computer test how successful that strategy could have been historically. What makes this unique strategy testing capability possible is TradeStation's EasyLanguage(R), the language through which the strategies can be described and modified using English-like statements. It is at the heart of TradeStation, and with the release of the new brokerage platform on June 27th, it is the first time that institutional and active individual traders will be able to link their strategies directly to direct-access brokerage execution within the same platform. Automated Trading TradeStation's new Strategy Automation Engine allows users to automate the monitoring and execution of their trading strategies faster than humanly hu·man·ly adv. 1. In a human way. 2. Within the scope of human means, capabilities, or powers: not humanly possible. 3. possible. Once a user has one or even dozens of strategies that user wants to trade, TradeStation will monitor them in real-time, tick-by-tick, and once buy or sell conditions are met, TradeStation will instantly and automatically send the order into the market via direct-access order-routing. Next, TradeStation immediately starts monitoring the market until the order is filled. It then monitors the exit criteria placing all exit orders accordingly. State-of-the-art intelligent direct-access execution is the foundation of the Strategy Automation Engine and is designed to provide two things: reduced costs and increased speed in executing orders. It ensures traders have access to all major pools of liquidity for their orders and on an agency-basis only. Intelligent order-routing technology directs orders automatically to the avenue of liquidity offering the best available price, regardless of whether that fill is provided by an ECN (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. , one of over 450 Market Makers or an Exchange. About TradeStation Group, Inc. TradeStation Group, Inc. (Nasdaq:TRAD), through its operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , TradeStation Securities, Inc., expects soon to launch the new TradeStation to institutional, professional and serious, active individual traders -- an electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. platform that enables clients to design, test and monitor their own custom trading strategies and then automate them with direct-access order execution. The platform currently includes streaming real-time equities market data from NYSE NYSE See: New York Stock Exchange , NASDAQ and AMEX AMEX See: American Stock Exchange and options indices, and is expected in the upcoming launch to include streaming real-time options and futures data. The services currently offered by the brokerage include equities and options transactions, which are cleared through Bear, Stearns Securities Corp. (NYSE:BSC (Binary Synchronous Communications) See bisync. ). The company's other operating subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. Forward-looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains statements that are forward-looking and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. When used in this press release the words "believes," "plans," "estimates," "expects," "intends," "designed," "anticipates," "may," "will," "should," "could," "upcoming," "potential" and similar expressions, if and to the extent used, are intended to identify forward-looking statements. All forward-looking statements are based largely on current expectations and beliefs concerning future events that are subject to substantial risks and uncertainties. Actual results may differ materially from the results suggested herein. Factors that may cause or contribute to the various potential differences include, but are not limited to, the company's ability to complete development of the new TradeStation platform described in this press release (and the timing of the release and roll-out of the TradeStation platform); technical difficulties or errors in the new TradeStation platform; and other risks and uncertainties indicated from time to time in the company's filings with the Securities and Exchange Commission including, but not limited to, the company's registration statement on Form S-4, as amended, declared effective by the SEC on December 11, 2000 and its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2000, as well as other press releases. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion