TradeStation Group Announces the Launch of TradeStation 7
Tuesday February 25, 8:05 am ET
New Enhanced Trading Platform is the Result of Over $7 Million of Product Development Expense and Nearly Two Years of Work
PLANTATION. Fla., Feb. 25 /PRNewswire-FirstCall/ -- TradeStation Group, Inc. (Nasdaq: TRAD - News) today announced the launch of TradeStation® 7, the next generation of the company's award-winning electronic trading platform for active and institutional traders. TradeStation Group is the parent company of the award-winning TradeStation Securities direct-access brokerage (Member NASD, SIPC and NFA), and TradeStation Technologies, the software development and subscription service company.
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TradeStation Securities will offer TradeStation 7 to its equities and futures brokerage clients, and TradeStation Technologies will offer TradeStation 7 as a real-time research and analysis subscription service. The new trading platform will be unveiled Friday, February 28, at the International Online Trading Expo in New York City, which will be followed by a structured rollout. Next week, the company will make TradeStation 7 available to all new brokerage clients and subscribers and begin the rollout of TradeStation 7 to its existing brokerage client and subscriber bases.
New Trading Platform Broadens Company's Active and Institutional Trader Market Appeal
The company believes that TradeStation 7 will be the most significant product/service upgrade in the company's history, and will significantly expand its appeal to active and institutional traders.
The platform's new futures order execution capabilities, which include seamless automated order placement and execution of custom futures trading strategies, are expected to widely appeal to futures traders, many of whom already use TradeStation for strategy testing and analytics but have been waiting for a fully-automated trading solution before opening a TradeStation futures brokerage account.
The company's award-winning RadarScreen® and OptionStation® software functionalities, which will be offered for additional monthly fees as premium TradeStation 7 services to the company's more than 10,000 brokerage clients and subscribers, as well as all new brokerage clients and subscribers, contain numerous decision-support capabilities that are valuable to many traders. In particular, the next-generation, real-time, custom market scanning features of TradeStation's RadarScreen functionality should enable traders to identify and act upon more trading opportunities that are generated by their custom trading rules.
TradeStation 7 will also include basket trading, a feature that enables traders to simultaneously trade groups of securities, which should attract many institutional and high-volume active traders who will now view the platform as a compelling solution to their trading needs. And, with powerful features such as window linking, hot keys and integrated "market depth" order books, the new trading platform should appeal strongly to the most active of traders.
"Our goal was, quite simply, to enhance and improve virtually every area of the TradeStation platform -- from order execution to strategy development to the market data network," said Bill Cruz, Co-CEO of TradeStation Group. "The TradeStation electronic trading platform is already the industry leader, as demonstrated just this past weekend when we won the Technical Analysis of Stocks and Commodities Readers' Choice Awards for best Direct-Access Stock Brokerage, best Direct-Access Futures Brokerage, best Institutional Platform and best Professional Platform. We believe our leading position in the industry will now be substantially widened by TradeStation 7.
Detailed Feature List Available
There are hundreds of new and enhanced features in TradeStation 7. A detailed description of the new features, functions and enhancements in TradeStation 7 is available at www.TradeStation.com/TradeStation7.
About TradeStation Group, Inc.
TradeStation Group, Inc. (Nasdaq: TRAD - News), through its operating subsidiary, TradeStation Securities, Inc., offers the TradeStation platform to institutional, professional and serious, active individual traders. TradeStation is an electronic trading platform that enables clients to design, test and monitor their own custom trading strategies and then automate them with direct-access order execution. The trading platform currently offers streaming real-time equities, options, futures and futures options market data. Equities and options transactions are cleared through Bear, Stearns Securities Corp. (NYSE: BSC - News) and futures and futures options transactions are cleared through Refco, LLC. The company's other operating subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services, and owns and operates the TradeStationWorld.com strategy trading and development community. |
