Posts tagged “trading platforms”

TradeStation Prime Services, a division of TradeStation Securities, Inc. is proud to announce the Launch of TradeStation 9.0

October 28th, 2010

Plantation FL, October 28, 2010 – TradeStation Securities, Inc., the award-winning broker-dealer and futures commission merchant, and a leading provider of custom analysis and electronic trading solutions, recently announced the launch of TradeStation 9.0. The company expects that TradeStation 9.0 will reset the bar for trading platforms 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.

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.

For additional information about TradeStation 9.0 or TradeStation’s Prime Services offering, please visit: http://www.tradestationprime.com/ or contact Lance Baraker at 212-847-5950.

About TradeStation Prime Services, a division of TradeStation Securities, Inc.

TradeStation Prime Services, a division of TradeStation Securities, Inc., was founded to serve the needs of start-up to mid-sized hedge funds, registered investment advisers, professional traders and asset managers who need quality prime brokerage services, including execution and clearance, securities lending, capital introduction, and “incubation” services.  Clients are offered electronic trading and decision-support platforms, including TradeStation, to analyze their trading strategies and automate or manually place their orders, and may avail themselves of the firm’s NYSE floor membership, which allows it to execute trades on behalf of clients on the NYSE floor as well as in other market centers from its NYSE floor booth/outsourced trading desk. TradeStation Prime Services is located at 400 Madison Avenue, New York, New York.

TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC & NFA) is a licensed, self-clearing securities broker-dealer and a registered omnibus-clearing futures commission merchant, and has memberships or similar approved status (as well as direct connectivity for both market data and order execution) with BATS Z-Exchange, Boston Options Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, EDGA Exchange, EDGX Exchange, International Securities Exchange, NASDAQ OMX BX, NASDAQ OMX PHLX, The NASDAQ Stock Market, NYSE Arca and NYSE Amex.  For futures accounts, TradeStation connects directly (for both market data and order execution) with the CME Group, Eurex Group and ICE Group (U.S. and Europe) exchanges. TradeStation is a clearance member with DTCC and OCC for equities and options, serves its futures accounts on an omnibus clearance basis.  TradeStation Securities has offices in South Florida, New York, Chicago and Dallas, and an affiliated introducing broker (TradeStation Europe Limited) in London.

About TradeStation Group, Inc.

TradeStation Group, Inc. (NASDAQ GS: 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 Group’s other operating subsidiaries are TradeStation Technologies, Inc. and TradeStation Europe Limited.

Nature of this Announcement

This announcement is made on a limited basis through hedge fund and other institutional trader websites and similar media for promotional/marketing purposes, to educate potential customers of TradeStation Prime Services about its product and service offerings, and is not intended to be an investor relations or public disclosure document for TradeStation’s publicly-traded holding company (TradeStation Group, Inc.).

Asian Dark Pools

June 10th, 2010

Dark pools are becoming the rage in Asia.

We mean, of course, dark liquidity pools, which are crossing networks (alternative electronic trading systems) offered by prime brokers to shield trades from prying eyes. Trades executed via a dark pool are not displayed on order books.  The pool allows institutional investors to move large blocks without tipping off the public as to price, volume or trader.  They are reported as OTC trades on national consolidated tapes.

The Wall Street Journal reports that Citigroup Inc. is beefing up its Asian electronic executions services team by about 30%-50% this year, signaling growing interest in electronic trading and dark pools.

The bank recently hired Ian Smith, the former director of advanced execution services for Credit Suisse Group  in Asia, to be pan-Asia head of algorithmic product, and hired two executives to handle sales and trading in Japan and Australia. Smith will start in his new post in July. Citigroup plans to hire three to five more executives later this year, mostly in sales and trading.

“We have seen strong growth and volumes in Australia and Hong Kong–with a record month in May for Citi Match in Australia–and also good flows already coming through our new offering in Japan,” said Ben Valentine, a director at Citigroup in Hong Kong who runs Asia Pacific electronic execution sales.

Citigroup’s dark pool, Citi Match, recorded a record volume of A$1.53 billion in Australia last month. The firm launched Citi Match in Japan two months ago. Dark pools are alternative trading platforms that allow buyers and sellers to place orders anonymously.

As electronic trading and dark pools become more popular in Asia, brokers and independent trading platforms such as Liquidnet are seeing strong growth. Currently, an estimated 1% of trades in Hong Kong are conducted through dark pools, compared with 3.5%-4% in Japan and 4%-4.5% in Europe.

With the growing number of dark pools appearing in the region, several players are working to link the the various platforms. Tora Holdings Ltd. said last week it would expand its dark-pool aggregator, Tora Crosspoint, to include dark pools in Hong Kong, Singapore and Australia later this year. Another one is Chi-East Pte Ltd., a joint venture between Chi-X and Singapore’s stock-exchange operator, which is looking to link dark pools in Japan, Hong Kong, Singapore and Australia later this year.

Valentine said the firm will link its Citi Match clients to Chi-East later this year.

Dark-pool aggregators are already well established in the U.S. and Europe, but have been slow to appear in Asia, in part because of the region’s numerous jurisdictions, competition concerns and regulatory hurdles.

Asian regulators are keying in on the rise of alternative trading platforms in the region and industry watchers anticipate increased regulation to come. The Hong Kong stock exchange, for instance, will require brokers to flag trades that were made through dark pools later this year. Brokers currently must report trades to the exchange but don’t need to flag which ones were made through a dark pool.

Source

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