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TradeStation Group, Inc. is the parent company of online securities and futures brokerage firms and trading technology companies. It is headquartered in
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, and has offices in
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;
Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = List of sovereign states, Count ...
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Richardson, Texas Richardson is a city in Dallas and Collin counties in the U.S. state of Texas. As of the 2020 United States census, the city had a total population of 119,469. Richardson is an inner suburb of the city of Dallas. It is home to the University ...
;
London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
;
Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mounta ...
; and
Costa Rica Costa Rica (, ; ; literally "Rich Coast"), officially the Republic of Costa Rica ( es, República de Costa Rica), is a country in the Central American region of North America, bordered by Nicaragua to the north, the Caribbean Sea to the no ...
. TradeStation is best known for the
technical analysis software In finance, technical analysis is an analysis methodology for analysing and forecasting the direction of prices through the study of past market data, primarily price and volume. Behavioral economics and quantitative analysis use many of the same ...
and
electronic trading platform In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...
it provides to the active trader and certain institutional trader markets.Test Your Trading Strategies at These Web Sites
, Mark Ingebretsen, August 5, 2000, thestreet.com. Accessed on line November 28, 2007.
TradeStation Group was a
Nasdaq The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
GS-listed company from 1997 to 2011, until acquired by
Monex Group is a financial services company based in Tokyo, Japan. Monex Inc., its main subsidiary, engages in online securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal ...
, a
Tokyo Stock Exchange The , abbreviated as Tosho () or TSE/TYO, is a stock exchange located in Tokyo, Japan. It is the third largest stock exchange in the world by aggregate market capitalization of its listed companies, and the largest in Asia. It had 2,292 listed ...
listed parent company of one of Japan's leading online securities brokerage firms.


History

TradeStation was founded by Cuban-born brothers William (Bill) and Rafael (Ralph) Cruz, who sought to create a way to design, test, optimize, and automate their own custom trading strategies. Bill started studying trading at the age of 16, and two years later, the brothers pooled $2,400 to open a futures trading account. They gathered trading data to create charts, which were used to test trading ideas. Bill began to test strategies himself without the benefit of formal coding knowledge, a process that resulted in the development of EasyLanguage, the company's proprietary coding language for non-specialists. Bill and Ralph decided to start their own company, then known as Omega Research. The brothers focused on selling tools that would give clients without a technical or computer programming background the ability to program and test their own trading strategies. In 1987, they released System Writer, a software product that enabled users to develop and “back-test” their own trading ideas using historical market data. In 1989, System Writer Plus was released with new and innovative charting features, which the publication Commodity Trader Consumer Reports likened to “the system trading software equivalent of putting a man on the moon.” In 1991, Omega Research released TradeStation and, three years later, struck a licensing deal with Dow Jones Telerate to offer TradeStation as a premium service to Telerate's institutional clients worldwide. In 1997, Omega Research conducted an IPO and became listed on the Nasdaq National Market. The company launched an online version of its product in 1999. In 2001, the company converted itself from a trading software company to an online securities brokerage, and renamed itself “TradeStation”. The software's back-testing, order-generation and trade execution capabilities were fully integrated for both securities and futures markets in 2003. In 2004 and 2005, TradeStation became a self-clearing equities and options firm. An entire industry eventually grew up around TradeStation's software, including seminars, publications, and user networks. * 1982 - Company is formed under the name Omega Research, Inc. * 1991 - TradeStation, the company's flagship product, is launched. * 1996 - OptionStation, an options trading analytics product that enables traders to explore complex options trading strategies, is launched. * 1997 - The company launches an
initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...
(IPO) and is listed on the Nasdaq National Market. * 1999 - RadarScreen®, a software application that enables traders to scan hundreds of symbols to identify buy and sell opportunities based on the user's custom criteria, is launched; the company also acquires Window On WallStreet and in 2000 launches WindowOnWallStreet.com, the company's first Internet-based charting and analytics service. * 2000 - TradeStation 6, the Internet-based trading platform that serves as the foundation of the company's direct-access brokerage service, is launched; the company also acquires a direct-access securities brokerage, Onlinetrading.com, which is subsequently renamed TradeStation Securities, Inc. * 2001 - TradeStation Group replaces Omega Research as publicly-traded Nasdaq company as a parent of two operating subsidiaries – TradeStation Securities, Inc. (formerly onlinetrading.com) and TradeStation Technologies, Inc. (formerly Omega Research); trading symbol on Nasdaq is changed from OMGA to TRAD. * 2006 - TradeStation Europe Limited (now TradeStation International Ltd) receives approval from the United Kingdom's
Financial Conduct Authority The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The FCA regulates financ ...
(FCA) as an introducing broker. * 2011 - TradeStation Group is acquired by Japan's
Monex Group is a financial services company based in Tokyo, Japan. Monex Inc., its main subsidiary, engages in online securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal ...
;


Corporate structure

TradeStation Group, Inc.’s principal operating subsidiaries are TradeStation Securities, Inc. and TradeStation Technologies, Inc. TradeStation Group is a wholly owned subsidiary of Monex Group, Inc., one of Japan’s largest online financial services providers. TradeStation Securities, Inc. is a member of the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its liste ...
(NYSE),
Financial Industry Regulatory Authority The Financial Industry Regulatory Authority (FINRA) is a private American corporation that acts as a self-regulatory organization (SRO) that regulates member brokerage firms and exchange markets. FINRA is the successor to the National Associat ...
(FINRA),
Securities Investor Protection Corporation The Securities Investor Protection Corporation (SIPC ) is a federally mandated, non-profit, member-funded, United States corporation created under the Securities Investor Protection Act (SIPA) of 1970 that mandates membership of most US-register ...
(SIPC),
Depository Trust & Clearing Corporation The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. It performs the exchange of securities on behalf of buyers and sellers ...
(DTCC),
Options Clearing Corporation Options Clearing Corporation (OCC) is a United States clearing house based in Chicago. It specializes in equity derivatives clearing, providing central counterparty (CCP) clearing and settlement services to 16 exchanges. Started by Wayne Luth ...
(OCC) and the
National Futures Association The National Futures Association (NFA) is the self-regulatory organization (SRO) for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives ( swaps). NFA is headqua ...
(NFA). It is a licensed securities
broker-dealer In financial services, a broker-dealer is a natural person, company or other organization that engages in the business of trading securities for its own account or on behalf of its customers. Broker-dealers are at the heart of the securities and ...
and a registered futures commission merchant, and is also a member of the Boston Options Exchange,
Chicago Board Options Exchange The Chicago Board Options Exchange (CBOE), located at 433 West Van Buren Street in Chicago, is the largest U.S. options exchange with an annual trading volume of around 1.27 billion at the end of 2014. CBOE offers options on over 2,200 compani ...
,
Chicago Stock Exchange NYSE Chicago, formerly known as the Chicago Stock Exchange (CHX), is a stock exchange in Chicago, Illinois, US. The exchange is a national securities exchange and self-regulatory organization, which operates under the oversight of the U.S. ...
, International Securities Exchange and
NASDAQ OMX Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange, a ...
. The company’s technology subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. Its London-based subsidiary, TradeStation International Ltd, a
Financial Services Authority The Financial Services Authority (FSA) was a quasi-judicial body accountable for the regulation of the financial services industry in the United Kingdom between 2001 and 2013. It was founded as the Securities and Investments Board (SIB) in 19 ...
authorized brokerage firm, introduces the UK and other European accounts to TradeStation Securities, Inc. Monex Group, Inc. provides online investment and trading services for retail and institutional customers around the world through its subsidiaries, including Monex, Inc. in Japan, TradeStation in the U.S., and Europe, and Monex Boom in Hong Kong. Monex Group is pursuing its “Global Vision” strategy to establish a truly global online financial institution that creates positive synergies for all stakeholders. Its main subsidiary, Monex Inc., one of Japan's largest online securities brokerages, provides advanced and unique financial services to its nearly one million individual investors. Monex Group's services also cover M&A advisory, debt and equity underwriting, asset management focusing on alternative investments, investment education, and other investment banking functions in Japan.


TradeStation analysis and trading platform

The TradeStation analysis and trading platform is a professional
electronic trading platform In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products ...
for financial market traders. It provides extensive functionality for receiving real-time data, displaying charts, entering orders, and managing outstanding orders and market positions. Although it comes with a large number of pre-defined indicators, strategy components, and analysis tools, individuals can modify and customize existing indicators and strategies, as well as create their own indicators and strategies using TradeStation's proprietary object-oriented EasyLanguage programming language. Traders can also access hundreds of TradeStation-compatible products created by independent third-party developers through the ''TradeStation TradingApp Store'', as well as access strategy trading ideas submitted by the TradeStation community in the EasyLanguage Library. TradeStation supports the development, testing, optimizing, and automation of all aspects of trading. Trading strategies can be back-tested and refined against historical dataTradeStation Market Data
/ref> in simulated trading before being traded "live". TradeStation can be used either as a research and testing tool or as a trading platform with TradeStation Securities or IBFX acting as the
broker A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be con ...
.


Add-on products

A large number of third-party developers develop TradeStation-compatible products. Since Tradestation is a development platform, a custom trading program can be developed called a trading system or
trading strategy In finance, a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consisten ...
. If any trader has an analysis technique or potentially profitable strategy he would like to have developed, he can either write his own strategy in EasyLanguage or have his trading system developed by third-party developers. Traders can also take advantage of the ''TradeStation TradingApp Store'', an online marketplace of ready-to-use add-on products built to run on the TradeStation platform by independent developers.


References


External links

* {{Online brokerages Technical analysis software Online brokerages Foreign exchange companies Electronic trading platforms American companies established in 1982 Financial services companies established in 1982 1982 establishments in Florida Companies based in Broward County, Florida Plantation, Florida 1997 initial public offerings 2011 mergers and acquisitions American subsidiaries of foreign companies Online financial services companies of the United States