TradeStation Selected by Penn State University for New Real-Time Trading Room.Business Editors/High-Tech Writers MIAMI--(BUSINESS WIRE)--April 24, 2001 TradeStation Group, Inc. (Nasdaq:TRAD) announced today that Penn State University's Smeal College of Business The Smeal College of Business is the business school of Penn State University, University Park, Pennsylvania. It was founded in 1953, and is named after Mary Jean and Frank Smeal. has installed TradeStation throughout its entire real-time trading room The notion of "trading room" (sometimes used as a synonym of "trading floor", see below) is widely used in financial markets to refer to the office space where market activities are concentrated in investment banks or brokerage houses. for equity analysis and streaming market data. TradeStation executives attended the grand opening of the new Smeal College Trading Room on Friday of last week in University Park, Pennsylvania, where what is believed to be the most technologically advanced room of its kind in the country was opened as both a classroom and a research facility. "The combination of TradeStation's ease-of-use and strategy testing capability is just exceptional. I haven't seen anything else like it," said J. Randall Woolridge, The Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. & Co. and Frank P. Smeal Endowed en·dow tr.v. en·dowed, en·dow·ing, en·dows 1. To provide with property, income, or a source of income. 2. a. University Fellow and Director of the Smeal College Trading Room. "It's something we can get our students up and running on right away ... in fifteen or twenty minutes. And once they get started, they can easily get deeper and deeper into TradeStation's analytical tools." "The detailed feedback and trading statistics that TradeStation provides in its strategy trading module will be particularly useful in our Trading Room," continued Dr. Woolridge. "That and the ease of use really differentiates TradeStation from anything else we've seen." Salomon Sredni, President and COO of TradeStation Group, Inc., was on site for the grand opening of the Trading Room on Penn State's campus. "Our company has always been focused on providing our customers with the tools to become more disciplined traders," said Mr. Sredni. "Removing emotions like fear and greed from trading decisions is what TradeStation is all about, and we believe it's an ideal platform on which college students can learn about the markets. With over 6000 undergrads This article is about the television show. For the educational term, see undergraduate education. This article or section does not cite its . You can Wikipedia by introducing appropriate citations. and MBAs having access to this Trading Room, we are pleased that so many students will have access to the latest state-of-the-art technology available for today's individual and institutional traders." Additional universities interested in using TradeStation in real-time trading rooms or for other educational purposes may contact PublicRelations@TradeStation.com or may call 305/485-7202. Discounts are available for approved universities. 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 TradeStation trading platform to institutional, professional and serious, active individual traders -- a trading platform that enables the design and testing, and seamless monitoring and automated direct-access execution, of clients' custom trading strategies. 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 brokerage 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. |
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