PLANTATION, Fla., March 19, 2008 (PRIME NEWSWIRE) -- TradeStation Securities, the award winning broker-dealer for active traders, announced the release of important enhancements to its best-in-class trading platform, including the introduction of TradeStation Simulator, which will enable TradeStation clients to "paper trade" in real-time stock, options, futures and forex markets.
TradeStation, recently recognized as the winner by "Barron's" magazine in its 13th annual ranking of the Best Online Brokers, currently enables clients to create custom trading strategies, back-test them against decades of historical intra-day equities and futures market data, and then fully automate those tested strategies to place buy and sell orders. With the release of TradeStation Simulator, clients will now be able to automate or manually execute, on a simulated basis, their custom strategies in real-time trading of stock, options, futures and forex markets. In addition to TradeStation Simulator, this new release includes several other frequently-requested features and changes designed to improve the overall performance and efficiency of the TradeStation electronic trading platform.
"These enhancements, including the introduction of TradeStation Simulator, move us even further ahead of the pack of 22 other online brokerage firms 'Barron's' reviewed before choosing us as the best. We continue to look for ways to support our active trader audience and the new features in this release are designed to do just that," said Salomon Sredni, CEO of TradeStation Group (Nasdaq:TRAD), TradeStation Securities' parent company. "TradeStation Simulator will allow our clients to test their own custom trading ideas and strategies in real time in today's markets without risking money. It will also enable our customers to sample -- in real time and at no risk -- the full power and capabilities of our cutting-edge trading platform as they trade the equities, options, futures and forex markets."
Along with TradeStation Simulator, this new release includes the addition of Good 'Til Cancel and Good 'Til Date durations for futures orders, Reverse Positions (U-Turns) for equities, futures and forex positions (accomplished with a single click using Matrix, Market Depth and other TradeStation platform tools) and other platform optimizations.
TradeStation began a phased rollout of these new enhancements in March and expects to complete the rollout in April. To speak with a registered representative about TradeStation or opening an account, please call 1-800-808-9336 or visit http://www.tradestation.com. Institutional traders should call 1-800-579-7616.
About TradeStation Group, Inc. ------------------------------
TradeStation Group, Inc. (Nasdaq:TRAD), through its principal operating subsidiary, TradeStation Securities, Inc., offers the TradeStation platform to the active trader and certain institutional trader markets. TradeStation is an electronic trading platform that offers state-of-the-art electronic order execution and enables clients to design, test, optimize, monitor and automate their own custom Equities, Options, Futures and Forex trading strategies.
TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC & NFA) is a licensed securities broker-dealer and a registered futures commission merchant, and also a member of the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, International Securities Exchange, NASDAQ OMX, NYSE Euronext and Philadelphia Stock Exchange. The company's technology subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. Its London-based subsidiary, TradeStation Europe Limited, an FSA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities.
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 "designed," "will," and similar expressions 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 and events may differ materially from those suggested herein. Factors that may cause or contribute to the potential differences include, but are not limited to, the actual and perceived value of the TradeStation Simulator and other enhancements to customers and prospects, design or other errors that may exist in these enhancements which affect completion of the rollout or their quality or success, and many of the issues, risks and uncertainties described 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, 2007, as well as other SEC filings and company press releases.