TradeStation Selected for Penn State 2009 Trading Strategy Competition
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PLANTATION, Fla., Feb. 25, 2009 (GLOBE NEWSWIRE) -- TradeStation Group, Inc.
(Nasdaq:TRAD) announced today that the award-winning TradeStation electronic
trading platform has been selected for Penn State's Trading Strategy
Competition. In the competition, which is being coordinated by the Penn State
Smeal College of Business, individual students and teams will use the
TradeStation electronic trading platform to create automated trading strategies.
The TradeStation electronic trading platform enables the students to create,
backtest and optimize their automated trading strategies using TradeStation's
proprietary database of historical market data. Competition results will be
determined on the basis of the profitability of the students' automated trading
strategies "run live" during the competition. The competition is open to
students currently registered at the university, and begins February 25, 2009.
"Our company has always been focused on providing our clients with the tools
they need to become more disciplined traders," said John Roberts, Chief
Operating Officer of TradeStation Group. "We are proud to work with Penn State
and the Smeal College of Business in providing these students the latest
state-of-the-art technology available for today's active traders."
Participants will compete for cash prizes awarded by PNC Bank. The first place
winner will receive $1,000, the second place winner will receive $500.00 and the
third place winner will receive $250.00. A trophy will also be awarded to the
university with the highest score.
The TradeStation electronic trading platform has been part of the Smeal
College's educational program since 2001 when the platform was first installed
throughout its entire real-time trading room.
Additional universities interested in using TradeStation in real-time trading
rooms or for other educational purposes may contact
PublicRelations@TradeStation.com or may call 954-652-7401. Discounts are
available for approved universities.
About TradeStation Group, Inc.
------------------------------
TradeStation Group, Inc. (Nasdaq: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 Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC & NFA)
is a licensed securities broker-dealer and a registered futures commission
merchant, and also a member of the Boston Options Exchange, Chicago Board
Options Exchange, Chicago Stock Exchange, International Securities Exchange and
NASDAQ OMX. 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.
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CONTACT: Loren Lopez
Media Contact
TradeStation Group, Inc.
954 652-7011
LLopez@TradeStation.com
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