TradeStation Announces the Launch of TradeStation 9.0
October 21 2010 - 6:40AM
TradeStation, the award-winning broker-dealer and futures
commission merchant, and a leading provider of custom analysis and
electronic trading solutions, today announced the launch of
TradeStation 9.0. The company expects that TradeStation 9.0 will
reset the bar for trading platforms in the retail brokerage
industry by empowering customers and developers to automate and
test strategies in the equities, options, futures and forex markets
unlike anything else currently available. TradeStation 9.0 is
now being rolled out to new customers and is expected to be
slowly rolled out to all existing TradeStation clients
beginning next week.
"Traders in today's markets demand access to information and the
ability to act on it instantly," said Salomon Sredni, the CEO of
TradeStation Group, TradeStation's parent company.
"TradeStation 9.0 really expands the power of our
platform. As an example, traders will be able to
automatically monitor market depth and be alerted, or even place a
trade, the moment the trader's rule or trigger is met.
Traders now may also have TradeStation monitor their open positions
and continuously perform risk assessments, so that, in a fast
market downturn or upturn, the appropriate action will
automatically be executed. Also, traders now have the ability
to execute code on a fixed time interval, access to all of the
details for their orders and positions, and, on RadarScreen®
(TradeStation's state-of-the-art market scanning engine) access to
multiple data streams."
"TradeStation 9.0 also includes dozens of other popular
enhancement requests for EasyLanguage, TradeStation's
industry-standard proprietary programming language," added John
Bartleman, TradeStation's Vice President of Product Management, "as
well as for the TradeStation Development Environment, which is used
as an open platform on which third-party developers can add their
own trading applications. The company previewed TradeStation
9.0, in three recent conferences, to more than 100 third-party
developers who currently offer trading indicators, strategies,
systems and other products that run on the TradeStation
platform. The excitement in the room was palpable, and
the company looks forward to launching next year an 'app store'
that will offer a growing number of these third-party trading
products to traders looking for new ideas and ways to enhance their
TradeStation experience."
TradeStation 9.0 also has a new look and feel. The company
has improved the icons, enhanced some of the graphics and colors,
and added a "Quick Start" to help new TradeStation users create an
optimal workspace. Plus, TradeStation's Options Development
Team has in TradeStation 9.0 added another set of enhancements to
OptionStation, the company's highly-regarded automated research
product for options trading analysis and decision-making.
Over the next few months, TradeStation expects to continue to
build and release new tools in TradeStation 9.0, including the full
integration of the enhanced back-testing optimization technology
recently acquired by the company. The company plans to provide
continuous updates over the next few months to provide these new
features, with the goal of commencing a full release of
TradeStation 9.0 early in the first quarter of 2011 as part of a
new marketing campaign.
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, DTCC,
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 to small and mid-sized
hedge funds and other firms. 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 – 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 "create," "expects," "may," "continue,"
"goal," "plans," and "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 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,
(i) unanticipated delays in rolling out TradeStation 9.0 and/or
unexpected technical difficulties in upgrading existing customers
to TradeStation 9.0; and (ii) TradeStation 9.0 not having the
degree of appeal or value to new and existing customers and
developers that the company believes it will.
CONTACT: Loren Lopez
954 652-7011
llopez@tradestation.com
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