Spooz Launches Strategy Control Dashboard for SpoozToolz(TM)
May 14 2008 - 7:00AM
Business Wire
Spooz, Inc. (OTC: SPZI) announces the release of powerful new
strategy control features for SpoozToolz that empower brokers and
traders to run, monitor and manage multiple automated trading
strategies simultaneously: Rapid development, deployment and
production of algorithmic trading strategies; Connectivity to
exchanges, brokers, data, and third party applications; and,
Control of multiple strategies and their associated risk and profit
targets. SpoozToolz utilizes Microsoft� Excel� as the Graphical
User Interface (GUI) because it is the global standard for
financial analysis and trading decision support. There are 440
million installations of Excel globally and it is supported in more
than 50 languages. SpoozToolz adds toolbar functions to Excel that
enable the trader to quickly and easily create quote and click
oriented trading screens, algorithmic and �black-box� systems.
SpoozToolz enables the trader to bring concept to production in
hours instead of weeks or months. Add-on modules provide
specialized functionality in the form of SpoozChartz�, Spooz
AutoSpreader�, and Spooz CPM� (Custom Pricing Module). Connectivity
to market data and execution through broker are accomplished via
the ToolzKit�. The ToolzKit renders the SpoozToolz middleware
highly extensible by enabling the trader with the ability to create
adapters to connect to an Excel enabled execution, order and
position management. A test application GUI is included to aid the
trader in connecting applications to SpoozToolz or connecting
SpoozToolz to a wide selection of vendor price feeds, broker feeds
or execution gateways. C# scripting capability is available in the
ToolzKit for low latency strategies and systems. AlgoServer� will
eventually provide the trader with the ability to co-locate low
latency solutions closer to exchanges for low- latency execution.
The Control Dashboard addition rounds out the platform�s robust
functionality by giving the trader the ability to rapidly deploy
strategies and manage multiple automated trading strategies
simultaneously. Although Strategies may be developed in Excel, the
low latency execution of orders is performed in the SpoozToolz C#
middleware. The Control Dashboard displays activity, position,
fills, and status of each running strategy as well as customizable
risk and profit algorithms. Due to the virtually unlimited
flexibility of SpoozToolz the market scope is tremendous. Any
exchange listed financial instrument can be traded; including
stocks, futures, options, ETFs, Forex, cross asset class spreads,
and uniquely customizable, and tradable synthetic instruments. With
the addition of the Control Dashboard, SpoozToolz befits hedge
funds, brokerages, proprietary trading firms, as well as the
independent trader because it empowers buy and sell side market
participants to create and trade custom synthetic instruments.
SpoozToolz is currently being deployed to brokers and proprietary
trading firms in the Chicago area. Distribution to independent
traders will begin later this year. About Spooz, Inc. Spooz, Inc.
is an independent software vendor developing revolutionary trading
solutions for active and professional electronic traders. Spooz's
suite of technology products provide the most versatile
configuration of trading screens, analysis screens and automated
trading systems in a fast growth financial marketplace. Spooz is a
trading solutions company focused on next generation traders.
SpoozToolz�, AlgoServer�, SpoozChartz� Spooz AutoSpreader�,
ToolzKit� and Spooz CPM�, the Company's flagship products, enable
any trader to quickly and efficiently bridge the gap between
concept and execution. The value of the SpoozToolz platform it that
it allows any trader to create trading applications that retain
flexibility and customizability, are simple to use, and that
facilitate bringing the traders ideas to production before
opportunity for profit is lost. Forward Looking Statements This
press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of Forward-Looking
Statements: This news release may contain forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. These statements present management's expectations,
beliefs, plans and objectives regarding future financial
performance, and assumptions or judgments concerning such
performance. Any discussions contained in this release, except to
the extent that they contain historical facts, are forward-looking
and accordingly involve estimates, assumptions, judgments and
uncertainties. There are a number of factors that could cause
actual results or outcomes to differ materially from those
addressed in the forward-looking statements.
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