February 6th, 2006
For Immediate Release:
Benchmark Simulation, LLC. contact: Dan Meine
Telephone: (406) 532-3230
email: dmeine@benchmarksimulation.com
Web Site: www.benchmarksimulation.com
Genesis Securities, LLC. contact: Jonathan Ohliger
Telephone: (212) 668-0888 ext.133
Email: OhligerJ@gndt.com
Web site: www.GNDT.com
Benchmark Simulation integrates its advanced simulation software TRADEAgent™ with Genesis Securities Laser Trading platform, providing Institutional clients with the most recent algorithmic trading tools available.
New York, NY (Feb. 6, 2006) TRADEAgent™, a product of Benchmark Simulation, LLC, is now available on the Genesis Securities Laser Trading platform. TRADEAgentT provides hedge funds, institutions and professional traders a fully-automated platform for high-frequency algorithmic trading and block-trade execution. A result of more than four years of development and testing, TRADEAgent's high-performance server-based system effectively leverages the low latency of the Genesis Securities Laser Trading platform.
TRADEAgent's proprietary High Frequency Trading (HFT) models exploit frequent, short-term inefficiencies from both sides of the intra-day volatility inherent in high volume stocks. TRADEAgent HFT models allow managers and traders to generate significant returns that are generally not correlated to the market. TRADEAgent HFT models are fully automated and place orders directly through customer accounts at Genesis. Clients can monitor all model activity in real-time via the Genesis Securities Laser Trading interface.
TRADEAgent's HFT simulation technology provides users with the unique ability to accurately test trading and block-execution models over historical periods, examining every tick. The TRADEAgent Simulation and Portfolio tool allows users to construct and test portfolios of models to evaluate and manage risk and return. TRADEAgent's historical simulator and live-trading engine process data in precisely the same way for both live trading and historical simulations. In many cases, live trading and historical simulations of hundreds of trades will match within a few dollars.
"Our goal from the beginning was to be able to accurately simulate a model before committing capital" stated Lester Dye, a Benchmark founder and chief architect of TRADEAgent. "When we started our HFT research," Dye continued, "it was clear that accurate simulation technology did not exist. We decided to build our own." Dye's Stanford University simulation research and dynamic systems and econometrics background were the foundation for the design of the TRADEAgent framework.
"Genesis' Laser is the lowest latency DMA system that we have seen," said Dye. "This low latency translates into better returns from our HFT models, improving raw performance and optimizing ECN rebates, making Genesis a perfect complement to TRADEAgent. In today's markets, speed wins."
"Benchmark's TRADEAgent system will provide a powerful set of tools for block and algorithmic trading to our growing base of institutional clients," stated Jonathan Ohliger, Institutional Business Development Associate at Genesis. "TRADEAgent, combined with Laser's state-of-the-art DMA platform, may be an optimal environment for most institutional traders."
More information, including examples of TRADEAgent HFT models, is available at: www.benchmarksimulation.com
About Genesis Securities, LLC.
Genesis Securities is the industry leader in direct-access trading technologies. With redundant, ultra-high bandwidth lines to all major market participants, utilizing economies of scale, Genesis is able to provide Institutional traders with the fast and reliable data & execution solution at a highly competitive cost.
Genesis offers automated trading solutions by providing an array of powerful APIs, FIX, connectivity and the proprietary Genesis Trading Protocol. The Laser Trading Platform is the proprietary trading platform developed by Genesis Securities, a NASDAQ Certified Platinum Partner. Currently, Laser is the only order-entry trading platform that is ranked on a Platinum level. Genesis Securities, LLC, is a member of NASD, PCX, ISE and SIPC.
About Benchmark Simulation, LLC.
Benchmark Simulation, a technology leader in High Frequency Trading (HFT), delivers solutions to institutions, hedge funds and professional traders. The TRADEAgent™ system is a robust fully-automated trading platform for high bandwidth time-critical trading algorithms, large block executions, VWAP and other specialized strategies. TRADEAgent HFT™ models provide unique investment vehicles that are largely uncorrelated to stock price and market conditions. TRADEAgent's proprietary simulation technologies accurately match live performance, giving customers valuable insight into their potential for success. Benchmark is committed to the practical implementation of next generation algorithmic trading technologies.
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