TradeStation Selected for Penn State 2011 Trading Strategy Competition
March 07 2011 - 7:40AM
TradeStation (Nasdaq:TRAD) announced today that once again its
award-winning TradeStation trading platform has been selected for
Penn State's Trading Strategy Competition. In the competition,
which is being coordinated by the Penn State Smeal College of
Business, individual students and teams will use the TradeStation
electronic trading platform to create automated trading strategies
for three selected ETF markets. The TradeStation platform has
been part of the Smeal College's educational program since 2001,
when it was first installed throughout the College's entire
real-time trading room.
The TradeStation trading platform enables the students to
create, back-test, optimize and automate their trading strategies
using TradeStation's proprietary database of historical market
data. Competition results will be determined on the basis of
the profitability of the students' automated trading strategies run
using the TradeStation Simulator during the competition. The
TradeStation Simulator makes it possible to "paper trade"
strategies under "live" market conditions—with no financial risk
whatsoever. The competition, which is open to students currently
registered at any university, will begin today, March 7, 2011, and
will end March 25, 2011.
"We are proud to partner with Penn State and the Smeal College
of Business for the annual Trading Strategy Competition," said
Salomon Sredni, Chief Executive Officer of TradeStation
Group. "TradeStation provides an ideal platform for such a
contest, allowing the participants to create, back-test and
automate their own trading strategies, and then see how they would
have performed in live, simulated head-to-head competition."
Participants will compete for cash prizes and trophies awarded
by the Market Technicians Association Educational Foundation.
The first-place winner will receive $500, the second-place winner
will receive $300 and the third-place winner will receive
$200. A trophy will also be awarded to the university with
the highest score.
Additional universities interested in using TradeStation in
real-time trading rooms or for other educational purposes may
contact PublicRelations@TradeStation.com or call 954-652-7401.
Discounts are available for approved universities.
About TradeStation Group, Inc.
TradeStation Group, Inc. (Nasdaq:TRAD), through its brokerage
subsidiaries, 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, DTCC,
OCC & NFA) is a licensed securities broker-dealer and a
registered futures commission merchant, and also a member of
various exchanges. 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. TradeStation Forex,
Inc. (Member NFA) is a Retail Foreign Exchange Dealer (RFED) that
is expected to launch and offer exclusively the company's new forex
brokerage offering beginning later this quarter. 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 and, once operational,
TradeStation Forex.
CONTACT: Media Contact:
Loren Lopez
954-652-7011
llopez@tradestation.com
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