Spooz to Launch Proprietary Trading Division
March 07 2007 - 4:00PM
Business Wire
Spooz, Inc. (OTC: SPZI) is excited to announce the formation of a
proprietary trading division to generate additional revenue for the
company. The new division will employ Fractalz3� technology,
acquired in the Tetrahex merger last year, to exploit short-term
market anomalies using statistical arbitrage models. The
Statistically Weighted Arbitrage Recognition Model (SWARM) trading
methodology is based upon quantitative trading approaches that
involve �Bivariate Normal Probability Distributions�, and
�Co-integration Theory�. The algorithms within SWARM provide a
real-world application for modeling statistical arbitrage while
maintaining a robust framework. Executed on Spooz�s signature
SpoozToolz� software, SWARM is a combination of high-frequency
proprietary arbitrage models that exploit local and spatial price
discovery. Its unique weighted components allow for �dynamic�
co-integration balancing between multiple correlated markets.
Because its success is based on the automation of quantitative
strategies, SWARM�s trading performance is not dependent on any
specific market direction, but rather on precise micro-second
calculations to identify opportunities as they arise. SWARM seeks
to deliver risk-adjusted returns within 10 % of top money managers.
Trading is scheduled to begin April 1st. �I am pleased that Spooz�s
proprietary trading creates significant shareholder value, but more
importantly, as proof of the viability of Fractalz3 and the
SpoozToolz platform,� declares Spooz CEO Paul Strickland. �Our
ability to provide a track record to the global market disclosing
the results of this effort will be unique in the industry. We
expect SWARM to generate at least $14.7 million in revenue for
calendar 2010 with negligible drawdown. This is a projection, but
considering minimal risk to capital and our revolutionary trading
technology, proprietary trading becomes an integral part of Spooz
business and will serve as a demonstration of our ground-breaking
initiatives.� About Spooz, Inc. Spooz, Inc., a publicly traded
company based in Chicago, provides a suite of solutions designed to
simplify financial trading for traders and hedgers alike. Its
flagship product, SpoozToolz� and its modules, add built-in trading
capabilities to the popular Microsoft� Excel software application,
combining a customizable interface, streaming quotes, charts,
technical analysis, a comprehensive historical database, and
electronic trade execution into a simple add-in that becomes part
of the Excel tool bar. www.Spooz.com www.spooztoolz.com
www.fractalz3.com Safe Harbor � NO ASSURANCES CAN BE GIVEN THAT ANY
PROJECTIONS WILL BE REALIZED. This press release includes
forward-looking statements that involve risks and uncertainties,
including, but not limited to, product delivery, the management of
growth, market acceptance of certain products and other risks.
These forward-looking statements are made in reliance on the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. For further information about these factors that could
affect Spooz, Inc. future results, please contact the Company
directly. Prospective investors are cautioned that forward-looking
statements are not guarantees of performance. Actual results may
differ materially from management expectations.
Spooz (PK) (USOTC:SPZI)
Historical Stock Chart
From Jan 2025 to Feb 2025
Spooz (PK) (USOTC:SPZI)
Historical Stock Chart
From Feb 2024 to Feb 2025