Plantation FL, March 16, 2011 - Barron's magazine has ranked TradeStation the #1 online brokerage firm in its annual review of online brokerage firms, now in its sixteenth year. TradeStation not only won for "best overall broker," the biggest prize, but also won "best for frequent traders," a confirmation of TradeStation's long-standing reputation as the leading brokerage for the active trader market. TradeStation also scored the highest ratings in two subcategories used to determine the winner – "Trading Technology" and "Customer Service and Education." TradeStation was ranked superior, overall, to 23 other brokerages, including, Fidelity, Interactive Brokers, Lightspeed Trading, Merrill Lynch's Merrill Edge, and optionsXpress.
]]>TradeStation to Add Securities Lending to Its Prime Services Offering Taps Industry Veteran to Head Sec. Lending Department and Co-Head Division
New York, NY, September 21, 2010 – TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC and NFA) today announced the hiring of Robert Sackett to start up and lead the securities lending department of, and co-head, its TradeStation Prime Services division.
“Securities lending services are a critical component of our plan to build a first-class prime brokerage offering to small and mid-sized hedge funds and other buy-side traders who can no longer receive important prime brokerage services directly from the large firms,” said Salomon Sredni, CEO of TradeStation Group, the parent company of TradeStation Securities. “We believe TradeStation’s position as a self-clearing broker-dealer serving this market allows it to offer a more compelling value proposition compared to other firms that cannot directly provide custody, clearing, settlement and securities lending and must instead rely on the large firms to which they introduce all of their accounts.”
]]>The new Investment Advisors Act radically affects the compliance obligations of private equity and hedge fund managers with more than $150 million in assets under management ($100 million if advising any separately managed accounts). These managers need to register under the Investment Advisers Act, and properly implement policies and procedures as provided in a compliance manual and appoint a Chief Compliance Officer.
]]>