TradeStation Securities Rated Best Direct-Access Brokerage.

Business Editors & High Tech Writers

MIAMI--(BUSINESS WIRE)--Jan. 10, 2002

TradeStation Securities has won the 2001 Readers' Choice Award for best Stocks Direct-Access Brokerage from Technical Analysis of Stocks and Commodities magazine, one of the most respected periodicals for active traders. In addition, TradeStation 6, the trading platform offered exclusively by TradeStation Securities to active and institutional traders, won the 2001 Reader's Choice Award for best Professional Platform. These awards follow TradeStation winning the No. 1 rating for Direct Access Broker in Barron's magazine in July 2001. TradeStation 6 has also been named a finalist in two Codie Excellence in Software categories for 2002. The winner of the Codie Awards will be announced in April 2002.

"We believe we are well positioned to become a major force in the online brokerage industry," said Bill Cruz, Co-CEO of TradeStation Group. "These awards are proving what we've been telling people for the past year -- that we offer the most unique and compelling trading platform available today to active traders, the market segment clearly recognized as the most valuable in the online brokerage industry."

About TradeStation Group, Inc.

TradeStation Group, Inc. (Nasdaq:TRAD), through its operating subsidiary, TradeStation Securities, Inc., offers TradeStation 6 to institutional, professional and serious, active individual traders. TradeStation 6 is an electronic trading platform that enables clients to design, test and monitor their own custom trading strategies and then automate them with direct-access order execution. The trading platform currently offers streaming real-time equities, options, futures and futures options market data. Equities and options transactions are cleared through Bear, Stearns Securities Corp. (NYSE:BSC) and futures and futures options transactions are cleared through Lind-Waldock, a division of Refco LLC. The company's other operating subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. For more information about TradeStation 6 and TradeStation Securities, visit http://www.tradestation.com or call 800-239-0107.

Forward-looking Statements

This press release contains statements that are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this press release the words "believe," "about," "become," and "will," 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 continue to effectuate its Internet brokerage strategy and to successfully market in a timely fashion the company's principal product and service offering (TradeStation 6, f/k/a the TradeStation Platform) and the costs associated therewith; the acceptance of the company's new products and services in the marketplace; the company's customer and active prospect base containing a substantially lower number of interested brokerage clients than the company anticipates; the date on which the company's planned additions and enhancements to the direct-access trading platform are launched being materially later than the expected date due to changes in marketing decisions, results of ongoing quality assurance testing, insufficient product development resources, other decisions to modify certain features, regulatory pronouncements, or other reasons; technical difficulties or errors in the products and/or services; market pressure to lower substantially or eliminate pricing on brokerage and subscription services as a result of such services being provided at lower or no additional costs by brokerages, financial institutions and other financial companies to their customers, or for other market reasons; the appeal of the company's products and services to the institutional market (given the company's limited experience selling to that market); the company's brokerage client base trading with an average frequency and/or volume lower than the company anticipates; variations in patterns of customer revenues due to holidays or major news events; potential NASD, CFTC or other regulatory issues arising from the conduct of a brokerage business focused on active traders; the success (and cost) of new marketing strategies; the success (or failure to succeed) of the company's anticipated 2002 marketing efforts, and/or delays in launching those efforts; the company's future participation in any merger or strategic alliance; unfavorable critical reviews regarding the company's new products and services; increased competition (including product and price competition); the level of market demand for real-time decision support tools, real-time data and/or online brokerage services and/or website services generally; the scalability, performance failures and reliability of the company's server farm/data network; the entrance of new competitors into the market; the timing and significance of additional new product and service introductions by the company and its competitors; general economic and market factors, including changes in securities and financial markets; the possibility of "cyberterrorism" and the effect that would have on people's willingness to use Internet-based services, particularly for significant financial transactions; the adequacy of working capital, cash flows and available financing to fund the new business model and sustain expected operating losses; 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 Annual Report on Form 10-K for the year ended December 31, 2000, as well as other company press releases.