PLANTATION, Fla., March 16, 2010 (GLOBE NEWSWIRE) -- TradeStation Securities, the award-winning broker-dealer for active traders, and a leading provider of integrated strategy testing and automation, announced today the release of an innovative new service, TradeStation Strategy Network, hosted and offered by its affiliate, TradeStation Technologies. TradeStation Strategy Network is a new online marketplace of strategy trading products available exclusively to TradeStation Securities brokerage clients. TradeStation Technologies and TradeStation Securities are affiliated subsidiaries of TradeStation Group, Inc. (Nasdaq:TRAD).
TradeStation Strategy Network is designed to put strategy-based trading within the reach of every trader. TradeStation Strategy Network features back-tested, ready-to-use strategies, developed by independent, unaffiliated trading software developers. TradeStation clients can sort, rank and compare strategies by asset class, trading frequency, simulated percentage return and other criteria to find the strategies best suited to their trading objectives. Clients can then download strategies directly to their TradeStation trading platforms.
To see how it works, TradeStation clients can go to the Strategy Network website, download one of three sample strategies and take it for a simulated "test drive" in their TradeStation platforms. Strategy Network is being offered to current TradeStation Securities clients, in a phased rollout, by downloading the latest version of the TradeStation platform.
"We believe that a key to successful trading is finding the strategy best suited to your trading style and goals, and executing it with consistency and discipline," said Salomon Sredni, CEO of TradeStation Group, the parent company of TradeStation. "By allowing TradeStation clients to compare, subscribe to and download pre-tested, ready-to-trade strategies, we believe Strategy Network is a major step forward toward our goal of helping every trader realize the benefits of strategy-based trading."
For more information, visit our website at https://strategynetwork.tradestation.com or call Janette Perez, Vice President of Strategic Relations, at (954) 652-7401.
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 Boston Options Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, International Securities Exchange and NASDAQ OMX. The company's technology subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services, and hosts and operates the TradeStation Strategy Network. Its London-based subsidiary, TradeStation Europe Limited, an FSA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities.
Forward-Looking Statements – Issues, Uncertainties and Risk Factors
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," "designed," "step forward," and similar expressions regarding the operation, or potential value or success, of TradeStation Strategy Network 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 herein suggested. Factors that may cause or contribute to the various potential differences include, but are not limited to, the following: There can be no assurance that brokerage customers will utilize the TradeStation Strategy Network, or, if they do, that such use will increase their trading activities on TradeStation or that new customers will be attracted to TradeStation because of TradeStation Strategy Network. TradeStation Strategy Network has just been launched so it is too early to tell if, or when, it will have any impact on our account acquisition, account retention, DARTs, or any other aspect of our business or financial performance. Please also see other issues, 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 fiscal year ended December 31, 2009, and other SEC filings, and company press releases, conference calls and public presentations or statements.