Titan Trading Analytics Appoints John Coulter President & CEO
13 Settembre 2010 - 3:30PM
Marketwired
Titan Trading Analytics Inc. (TSX VENTURE: TTA) (OTCBB: TITAF)
("Titan") today announced that John Coulter has been named the
company's new President and Chief Executive Officer, effective
immediately. He succeeds Dr. Kenneth Powell, who has been Titan's
CEO since 1999 and will retire from the industry, and President
Phillip Carrozza, who will continue to work full-time as Head of
Business Development.
"John Coulter brings significant industry experience and a deep
understanding of automated trading technology to the role as the
company's Chief Executive Officer. I am very confident in his
ability to take this company to the next level" says Kenneth
Powell. "John possesses exceptional insight for how to deliver
cutting edge trading technology and has a proven track record for
successfully managing firms which have produced world-class
financial trading solutions."
Mr. Coulter is a recognized financial technology leader with 20
years of international management and sales and marketing
experience from companies such as Montgomery Securities, ADP,
Bridge Information Systems, Vhayu and Thomson Reuters. Mr. Coulter
also founded TRIAD in 1995, one of the world's first commercial FIX
Protocol trade management software applications. He also played a
crucial role in transforming Javelin Technologies from a startup
into the world's most widely implemented electronic trading FIX
engine provider, as its President and Chief Operating Officer.
"I am very impressed with Titan's unique Behavioral Trading
research and technology and believe we are well positioned to offer
an institutional strength solution to a range of alternative and
traditional money managers. A perfect storm is brewing in the
financial industry. Data rates are skyrocketing and thus analyzing,
managing and storing overwhelming amounts of data has become an
insurmountable hurdle for many small to mid-tier firms. Mounting
pressure on Investment Banks to disband proprietary trading units
will spawn hundreds of new small to mid-size trading firms, the
most successful of which will attract an increasing share of
investment dollars. Further, an increasing acceptance for hedge
funds to host automated trading solutions in broker neutral data
centers means a new wave of innovative technology solutions are in
the mix" said Coulter.
Titan manages an automated trading desk in addition to offering
a trade signal service called TickAnalyst™ which other
institutional traders can access via a hosted browser-based
application that receives real-time signals from Titan's Trade
Recommendation Engine™ (TRE) and is compatible with any FIX-based
order and execution system. Titan's unique Behavioral Trading
models are based on tick-by-tick analysis of the equities and
currencies markets which are optimized over a proprietary ten year
tick database. A suite of non-correlated strategies are designed to
factor in the power of human emotion as part of the trade decision
process, going beyond traditional quantitative research to identify
events and trading patterns which often occur during emotionally
charged or irrational market cycles.
About Titan
Titan Trading Analytics Inc. is a premier software developer and
through its wholly owned subsidiary, Titan Trading USA LLC, a
provider of investment analysis, investment management and
automated trading solutions for institutional investors and
selected groups around the world. Titan Trading Analytics Inc. has
developed an electronic trading and financial analysis software
platform designed to capture and analyze real-time market tick data
and then execute trades based on the software's algorithmic
calculations. This flagship product is a uniquely powerful and
cutting edge automated trading platform. Titan Trading USA LLC
utilizes these systems with proprietary models developed, tried and
tested over many years to manage assets for selected groups in
global markets. Titan has internally developed products and
services that are at the forefront of the high growth global
investment management and trading industry.
Forward Looking Statements
Except for historical information contained herein, the matters
set forth above may be forward-looking statements that involve
certain risks and uncertainties that could cause actual results to
differ from those in the forward-looking statements. Words such as
"anticipate," "believe," "estimate," "expect," "intend" and similar
expressions, as they relate to the Company or its management,
identify forward-looking statements. Such forward-looking
statements are based on the current beliefs of management, as well
as assumptions made by and information currently available to
management. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of
certain factors such as the financial crisis in the US, consumer
spending, the amount of sales of the Company's products, the
competitive environment within the industry, the ability of the
Company to continue to expand its operations, the level of costs
incurred in connection with the Company's expansion efforts,
economic conditions in the industry and the financial strength of
the Company's clients. The Company does not undertake any
obligation to update such forward-looking statements. Investors are
also directed to consider all other risks and uncertainties.
Accordingly, readers should not place undue reliance on forward
looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Titan Trading Analytics Inc. Irene Midgley (780)
438-1239 imidgley@titantrading.com www.titantrading.com
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