TradeStation Co-Chairmen Announce Entering Into 10b5-1 Plans
15 February 2007 - 10:45PM
PR Newswire (US)
PLANTATION, Fla., Feb. 15 /PRNewswire-FirstCall/ -- TradeStation
Group, Inc. (NASDAQ GS: TRAD) announced that separate family
limited partnerships beneficially owned by each of William Cruz and
Ralph Cruz, the company's Co- Chairmen, are each entering into a
Rule 10b5-1 plan to each sell up to 1,950,000 shares over the
period ending March 31, 2009. Currently, William Cruz beneficially
owns 8,304,738 shares and Ralph Cruz beneficially owns 8,166,468
shares of company common stock. Under each of the two plans, no
more than 650,000 shares (excluding privately negotiated sales, if
any) may be sold during any three calendar-month period. Sales
under each of the 10b5-1 plans will not commence earlier than March
12, 2007. About TradeStation Group, Inc. TradeStation Group, Inc.
(NASDAQ GS: 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 "direct market access" (DMA) or "direct-access"
order execution and enables clients to design, test, optimize,
monitor and automate their own custom Equities, Options, Futures
and Forex trading strategies. In 2006, TradeStation was named, for
the second year in a row, Best Futures Brokerage and, for the
fourth year in a row, Best Direct-Access Stock Broker, Best
Direct-Access Futures Broker, Best Professional Platform and Best
Institutional Platform, in "Technical Analysis of Stocks and
Commodities" magazine. TradeStation Securities, Inc. (Member NASD,
NYSE, SIPC, NSCC, DTC, OCC & NFA) is a licensed securities
broker-dealer and a registered futures commission merchant, and
also a member of the American Stock Exchange, Boston Options
Exchange, Chicago Board Options Exchange, Chicago Stock Exchange,
International Securities Exchange, NYSE ARCA and Philadelphia Stock
Exchange. 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, and FSA-authorized brokerage firm,
introduces UK and other European accounts to TradeStation
Securities. Contact-- David Fleischman Chief Financial Officer
TradeStation Group, Inc. 954-652-7000 DATASOURCE: TradeStation
Group, Inc. CONTACT: David Fleischman, Chief Financial Officer of
TradeStation Group, Inc., +1-954-652-7000 Web site:
http://www.tradestation.com/
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