TradeStation Expands Market Data and Trading Operations to Equinix IBX
30 March 2011 - 10:40PM
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
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