PLANTATION, Fla., June 25, 2012 (GLOBE NEWSWIRE) -- TradeStation, the award-winning broker-dealer and futures commission merchant, and a wholly owned subsidiary of Monex Group, Inc. (TSE:8698), announced today the election of Chief Executive Officer Salomon Sredni to the Board of Directors of Monex Group, Inc. at the Annual General Meeting of Shareholders held on June 23, 2012, in Tokyo, Japan. TradeStation was acquired by Monex Group in June 2011.
Salomon Sredni currently serves as President and Chief Executive Officer of TradeStation Group, Inc., and was elected Chief Operating Officer of Monex Group, Inc. in November 2011. Mr. Sredni is also a member of the Global Management Committee of Monex Group, Inc.
"I am truly excited to have Salomon on the Board," said Oki Matsumoto, Chairman and Chief Executive Officer of Monex Group, Inc. "We are working on the global integration of technologies, systems, businesses, information and personnel, but the most powerful integration is that of management resources. I believe having Salomon on the Board will accelerate the achievement of our Global Vision."
"It is truly an honor to be elected to the Board of Directors of Monex Group, Inc.," said Mr. Sredni. "It has been a little over a year since TradeStation was acquired by Monex, and today I am more excited about our future than ever. I believe the synergies we are creating between our companies will deliver value to our shareholders, and offer our clients technology and service offerings that far surpass competing online brokerages worldwide."
Salomon Sredni joined TradeStation Group in 1996 as Vice President of Operations and Chief Financial Officer and was named Treasurer and a Director of the Company the following year. In 1999, he was named President and Chief Operating Officer, and became Chief Executive Officer and President in 2007. In 2009, Mr. Sredni was elected Chairman of the Board and held this position until the Company was acquired by Monex Group, Inc.
Mr. Sredni is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants. He has a bachelor's degree in accounting from Pennsylvania State University.
About TradeStation Group, Inc.
TradeStation is an award-winning online brokerage firm and trading platform. In March 2012, Barron's magazine, in its annual review of 24 online brokerage firms, awarded TradeStation its highest overall star ranking (4½ stars), as well as Best for Frequent Traders, Best Trading Experience and Technology and Best for International Traders. Also in March 2012, TradeStation won for Best Trading System – Stocks, Best Trading System – Futures, Best Institutional Platform, Best Professional Platform, Best Online Analytical Platform and Best Real-Time Data in the annual Readers' Choice Awards given by Technical Analysis of Stocks & Commodities magazine.
TradeStation Group, Inc., through its principal operating subsidiaries, TradeStation Securities, Inc. and IBFX, Inc., offers analytical and trading platforms to the active trader and certain institutional trader markets. The TradeStation platform offers electronic order execution and enables clients to design, test, optimize, monitor and automate their own custom equities, options, futures and forex trading strategies. TradeStation Group is a wholly owned subsidiary of Monex Group, one of the largest online financial services providers in Japan.
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. Its TradeStation Prime Services division, based in New York, seeks to provide prime brokerage services, including securities lending, to small and mid-sized hedge funds and other firms. IBFX, Inc. (Member NFA) is a Retail Foreign Exchange Dealer (RFED) that provides forex brokerage services directly and through its TradeStation Forex division. The company's technology subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. TradeStation Europe Limited, an FSA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities, Inc. and IBFX, Inc.
About Monex Group, Inc. and Monex, Inc.
Monex Group, Inc. (Tokyo Stock Exchange 1st section: 8698; Chairman and CEO: Oki Matsumoto) provides online investment and trading services for retail and institutional customers around the world through its subsidiaries including Monex in Japan, TradeStation in the US & Europe, Monex Boom in Hong Kong and IBFX for Forex business. Monex Group is pursuing its "Global Vision" strategy to establish a truly global online financial institution that creates positive synergies for all stakeholders.
Its main subsidiary, Monex Inc., one of the largest online securities brokerages in Japan, provides advanced and unique financial services to its nearly 1 million individual investors. Monex Group's services also cover M&A advisory, debt & equity underwriting, asset management focusing on alternative investments, investment education, and other investment banking functions in Japan.