Titan Partners With Penson to Provide Social Media Trading Signals to Retail and Institutional Brokers
26 Aprile 2011 - 6:30PM
Marketwired
Titan Trading Analytics Inc. (TSX VENTURE: TTA) (OTCBB: TITAF),
today announced that it has entered into a revenue-sharing
agreement with Penson Financial Services, Inc. (PFSI), the US
securities clearing unit of Penson Worldwide, Inc. to offer Titan's
trade recommendations to PFSI's retail and institutional
correspondent brokerage firms.
TickAnalyst's proprietary algorithms analyze historical equities
tick data, combined with social media sentiment, to generate
buy/sell recommendations. Recommendations can be streamed via
PFSI's API or Titan's browser application. Orders can be
electronically executed through PFSI's FIX Gateway.
"This is the first time retail brokers will be able to provide
customers with quantitative trading signals that incorporate social
media sentiment," said Sean Malloy, Senior Vice President &
Director of Global Sales & Marketing, Penson Worldwide. "It
also is the first time independent institutional brokers will be
able to provide clients with a signal service at a far more
economical price than buying it from bulge bracket brokers or
purchasing one directly. We believe it will be particularly
appealing to our active retail and high volume institutional
brokers."
"Titan is democratizing quantitative research for any type of
trader or investor", stated John Coulter, Titan's CEO. "We are
breaking down a huge barrier to entry by hosting hard to obtain
research and technology which to date, only elite brokers and hedge
funds have leveraged to their advantage. As the amount of data
continues to grow into the billions of data points a day, alpha
generation becomes more and more challenging for the average
trader. Titan does all the heavy lifting and streams out research
content which is tradable in any existing EMS or OMS. It's also
useful as a confirmation tool for traders with their own
strategies."
About Titan Trading Analytics Inc.: www.titantrading.com
Titan Trading Analytics Inc. is a premier provider of behavioral
trading research. Trade signals are distributed via a powerful
financial analysis and electronic trading software platform which
captures and analyzes real-time market tick data and identifies
trade opportunities based on numerous historical patterns,
identified by Titan's Trade Recommendation Engine™ (TRE). Titan's
flagship product, TickAnalyst™, delivers trading signals to
proprietary trading firms and hedge funds via a cutting edge
browser-based interface. Titan's internally developed products and
services are at the forefront of the high growth global investment
management and automated trading industry.
About Penson Financial Services, Inc.: www.penson.com
Penson Financial Services, Inc. is a member of the Penson
Worldwide group of companies which provides execution, clearing,
custody, settlement and technology infrastructure products and
services to financial services firms and others servicing the
global financial services industry. Headquartered in Dallas, Texas,
Penson has served the clearing needs of the global financial
services industry since 1995.
Penson Financial Services, Inc. is a member of FINRA, New York
Stock Exchange, NYSE Arca Exchange, NYSE Amex Equities, NYSE Amex
Options, BATS Exchange, Direct Edge Exchanges (EDGA and EDGX),
Chicago Board Options Exchange (CBOE), Chicago Stock Exchange,
International Securities Exchange (ISE), NASDAQ OMX BX, NASDAQ OMX
PHLX, NASDAQ Stock Market, NASDAQ LIFFE, LLC, National Stock
Exchange, Options Clearing Corp. (OCC), Fixed Income Clearing Corp.
(FICC), MSRB, National Securities Clearing Corp. (NSCC), DTC, ICMA,
Euroclear, and SIPC.
Forward-Looking Statements
The statements in this news release relating to matters that are
not current or historical facts are forward-looking statements.
Such forward-looking statements are based on current plans,
estimates and expectations. Forward-looking statements are based on
known and unknown risks, assumptions, uncertainties and other
factors. Actual results, performance, or achievements may differ
materially from any future results, performance, or achievements
expressed or implied by such forward-looking statements. Penson
undertakes no obligation to publicly update or revise any
forward-looking statement.
Contacts: Penson Financial Services, Inc.: Anreder & Company
Gary Fishman +1-212-532-3232 gary.fishman@anreder.com Penson
Financial Services, Inc.: Anreder & Company Steven Anreder
+1-212-532-3232 steven.anreder@anreder.com Penson Financial
Services, Inc.: Anreder & Company Michael Shallo
+1-212-532-3232 michael.shallo@anreder.com www.penson.com Titan
Trading Analytics Inc.: Articulate Communications Inc. Audra Tiner
212-255-0080 ext. 34 atiner@articulatecomms.com
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