PLANTATION, Fla., March 30, 2011 (GLOBE NEWSWIRE) -- TradeStation (Nasdaq:TRAD), the award-winning broker-dealer and futures commission merchant, today announced the opening of a new TradeStation data center within Equinix's New York facilities. Through this proximity to the New York financial markets, the speed and quality of market data and order execution at those markets for TradeStation's customers are expected to improve. This new facility also expands TradeStation's capacity to support more customers and higher trading volumes. The new facility will replace the company's Richardson, Texas data center, and TradeStation will now have its two data centers in the NY and Chicago metropolitan areas. TradeStation's data centers, which connect directly to all major U.S. equities, options and futures exchanges and to all TradeStation customers' desktops, are designed, leased and operated by TradeStation Technologies, TradeStation's technology affiliate.
"This project is a part of TradeStation's commitment to provide our customers with even faster and higher quality market data and order execution, and supports our strategy of continued growth" said Enrique Pizzi, the Chief Information Officer of parent company TradeStation Group. "The opening of this data center is the culmination of more than a year of research, planning and design. It is the result of a great team effort, and should benefit both current and future TradeStation customers."
John Knuff, General Manager of Global Financial Services at Equinix, the host of the new data center said: "Traders are demanding faster executions and higher quality market data in this increasingly competitive trading environment. Adding TradeStation to our facility enables TradeStation to meet these requirements today and to scale for the future."
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.
Forward-Looking Statements – Issues, Uncertainties and Risk Factors
This press release contains statements that are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "will," "expect(s)," "should," "commitment," "to provide" and similar expressions regarding the implementation of the new data center are intended to identify forward-looking statements. All forward-looking statements are based largely on current expectations and beliefs concerning future events that are subject to substantial risks and uncertainties. Actual results may differ materially from the results herein suggested. Factors that may cause or contribute to the various potential differences include, but are not limited to, the following: The expected benefits may not materialize as planned due to unexpected design, performance or technical issues, or due to new or future technologies that may be offered which provide better system performance, and there is no guarantee that TradeStation's account base or customer trading volume will increase as a result of this anticipated improvement, or that customers will consider it superior to other offerings by competitors. Please also see other issues, risks and uncertainties indicated from time to time in the company's filings with the Securities and Exchange Commission, including, but not limited to, the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2010, and other SEC filings, and company press releases, conference calls and public presentations or statements.
CONTACT: Loren Lopez 954-652-7011 llopez@tradestation.com
