TradeStation to Ring the NASDAQ Stock Market Opening Bell
March 15 2011 - 7:40AM
TradeStation Securities, Inc. (Nasdaq:TRAD) (Member: NYSE, FINRA
& NFA) will be ringing The Opening Bell at the NASDAQ
Marketsite in New York City's Times Square tomorrow, Wednesday,
March 16, 2011.
NASDAQ welcomes TradeStation
in celebration of the release of TradeStation 9.0, TradeStation's
most powerful product offering to date, as well as the upcoming
launch of its new TradeStation Forex business. TradeStation Group,
Inc. (Nasdaq:TRAD) is a NASDAQ-listed company.
With the launch of this new TradeStation Forex business,
TradeStation will have transformed its forex offering from a fully
disclosed operation, where it introduces customers to a third-party
forex dealer, to one where its new subsidiary, TradeStation Forex,
Inc., an approved Retail Foreign Exchange Dealer (RFED) and member
of the NFA, acts as principal and directs aggregated pricing to its
customers. This new structure provides forex customers with a
new platform screen tailored exclusively to forex trading, better
and more transparent pricing, more flexible clearing and settlement
arrangements, and the comfort of dealing directly with
TradeStation.
"With our new TradeStation Forex offering, we think we've taken
retail forex trading to a whole new level," said Salomon Sredni,
Chairman and Chief Executive Officer of TradeStation Group,
Inc. "Our forex customers will now be able to trade forex
with no platform access or forex data fees, no lot restrictions,
50:1 leverage for the popular currency pairs, and tighter spreads
that include a reasonable mark-up. In addition, our forex
customers will be able to track up to 34 currency pairs in a single
workspace with our forex-only version of RadarScreen®, our premium
market scanning tool."
"We are honored to have been asked to ring the NASDAQ Opening
Bell and are proud to be a NASDAQ-listed company," continued Mr.
Sredni. "We have come a long way from being a small trading
software company in the 1990s to what we are today: the
seventh-largest online brokerage firm, based on daily trading
volume, in the United States, and one that provides a
state-of-the-art, award-winning platform to active traders."
NASDAQ Opening Bell Details
A live webcast of The Opening Bell will be available for viewing
at NASDAQ's website at
http://www.nasdaq.com/about/marketsitetowervideo.asx at 9:15 a.m.
to 9:30 a.m. ET as well as at www.TradeStation.com. An archive
of the bell ringing will be available at
www.TradeStation.com approximately 30 minutes following the
event.
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 year. 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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