Mar. 15, 2011 (GlobeNewswire) --
PLANTATION, Fla., March 15, 2011 (GLOBE NEWSWIRE) -- 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
