TradeStation rings today's NYSE closing bell 02 September 2010Plantation Reporter: Justin Lawson
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TradeStation Securities, Inc. rung the closing bell at the New York Stock Exchange (NYSE) today to celebrate its recent floor membership and booth presence at the NYSE. The invitation from NYSE is tied to TradeStation's recent launch of its TradeStation Prime Services division, which is based in New York at 400 Madison Avenue, and was formed to serve the needs of start-up to mid-sized hedge funds, registered investment advisers, professional traders and asset managers who need quality prime brokerage services, including execution and clearance, securities lending, capital introduction, and "incubation" services. TradeStation is a clearance member with DTCC and OCC for equities and options, serves its futures accounts on an omnibus clearance basis, and has a full NYSE floor membership that allows it to execute trades on behalf of clients on the NYSE floor, as well as on other exchanges from its NYSE floor booth (known as "Blue Line" business). TradeStation also introduces institutional accounts to J. P. Morgan Clearing Corp., as clearing agent.
"We are pleased to celebrate the new steps we are taking to serve the institutional trader market," said Salomon Sredni, Chairman and Chief Executive Officer of TradeStation Group, Inc., the parent company of TradeStation Securities. "We have come a long way from being a small trading software company in the 1990's to what we are today: the seventh largest online brokerage firm, based on daily trading volume, in the United States, and one that provides a state-of-the-art, award-winning platform to active serious traders, including segments of the buy-side institutional trader market."
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