Spooz Completes SWARM Beta Testing and Reports Results
20 July 2007 - 2:05AM
Business Wire
Spooz, Inc. (OTC: SPZI) is excited to announce the end of
successful beta testing for SWARM and announce live trading results
from Spooz Trading Technologies, Inc., a wholly owned subsidiary of
Spooz, Inc. Under development since January 2007, SWARM is a
high-frequency, light-touch trading model developed by Spooz
employees Jame� Groves, Erik Long and Dr. Peng He. Executed on
Spooz�s signature SpoozToolz� software, SWARM is a combination of
proprietary arbitrage models that exploit local and spatial price
discovery. Its unique weighted components allow for �dynamic�
co-integration balancing between multiple correlated markets.
Because its success is based on the automation of quantitative
strategies, SWARM�s trading performance is not dependent on any
specific market direction, but rather on precise micro-second
calculations to identify opportunities as they arise. �The live
trading test resulted in surprisingly good numbers. Although it
represented a small number of actual trades, when considered
together with simulated trades conducted in June, we believe the
results to be statistically significant enough to enter into the
production phase,� stated Jame� Groves, Director of Financial
Engineering for Spooz. �It is time to build a proprietary trading
division capable of becoming an important profit center for the
company.� All trading occurred in a third party account. The beta
test period began July 2, 2007 and continued through July 18, 2007.
For the beta period, only two spreads in the energy complex were
traded. The following unaudited results were generated from account
statements: Trading Days: 12 Number of Trades: 244 Average Trades
per Day: 20.3 Number of Winners: 234 Number of Losers: 5 Number of
Scratches(a): 5 Winning Percentage: 95.9 % Losing Percentage: 2.05
% Scratch Percentage: 2.05% Average Winning Trade: (b) $30 Average
Losing Trade: (b) $16 (a) A scratch is a trade initiated and offset
at the same price. Transaction fees apply. (b) Based upon one
contract; excluding commissions and fees. �While Spooz does not
offer direct public participation in proprietary SWARM trading, it
is our goal to teach traders how to utilize SpoozToolz to create
sophisticated models based upon modern trading methodologies,� said
Paul Strickland, the Spooz CEO. �We believe that SpoozToolz will
change the way smaller traders approach the market as they come
armed with technology unavailable to them from any other source.�
ABOUT SPOOZ Spooz, Inc., a publicly traded company based in
Chicago, provides a suite of solutions designed to simplify
financial trading for traders and hedgers alike. Its flagship
product, SpoozToolz� and its modules, add built-in trading
capabilities to the popular Microsoft� Excel software application,
combining a customizable interface, streaming quotes, charts,
technical analysis, a comprehensive historical database, and
electronic trade execution into a simple add-in that becomes part
of the Excel tool bar. SWARM is an example of trading systems that
can be created with SpoozToolz. DISCLAIMER The results disclosed
may not be indicative of future results. The Company is not a
registered broker/dealer or registered Commodity Trading Advisor
and may not sell, offer to sell or offer to buy any security or
derivative product. The�information provided is�not a solicitation
or recommendation to buy, sell or hold securities. The material in
this release is intended to be strictly informational and the
Company disclaims any obligation to provide any updates. It is
strongly recommended that any purchase or sale decision on any
security be discussed with a Registered Investment Advisor or
registered broker-dealer.
Spooz (PK) (USOTC:SPZI)
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