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Press Release

TradeStation Plans to Streamline Online Account Opening Process with Fully Automated Solution from Scivantage

Dec 15, 2009

Jersey City, December 15, 2009 - Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the financial services industry announced today that TradeStation Securities, Inc., the principal operating subsidiary of TradeStation Group, Inc. (NasdaqNM: TRAD), a leading electronic brokerage firm for active, professional and certain buy-side institutional traders, has selected Scivantage's Automated Account Opening and Maintenance solution to help streamline their online account opening process.

Scivantage's Automated Account Opening solution will be available as an integrated application on TradeStation.com for TradeStation to offer account opening and funding services to their clients. With Scivantage's Automated Account Opening application, TradeStation will have a single, online solution for real-time account establishment and on-going maintenance of all TradeStation supported account types, including business and trust accounts, for equities, ETFs, options, futures and forex trading. This turnkey fully-automated platform will enable the creation of new accounts across TradeStation's multiple clearing and settlement systems, providing increased operational efficiencies and reducing risk throughout the account opening process.

"TradeStation is a seamlessly integrated analysis and trading solution for demanding active strategy traders," said John Roberts, Chief Operating Officer of TradeStation Group. "We look forward to working with Scivantage to deliver an equally seamless new account opening experience."

"We are delighted to add TradeStation to our growing list of clients and we look forward to working with them to help improve their client on-boarding process," said Joe Stensland, senior vice president of marketing and products, Scivantage. "As a recognized leader in online brokerage services for active and professional traders, TradeStation understands the importance of making it as easy and convenient as possible for clients and prospects to open and fund their accounts."

A core component of Scivantage's Investor platform, the Automated Account Opening and Maintenance application is a real-time, fully automated and configurable account opening and administration solution. Offering immediate account establishment, account maintenance and funding for all major brokerage back office and clearing systems, Scivantage's Automated Account Opening is designed to help drive profitability by reducing the cost and time of acquiring new accounts, increase application conversion rates and improve Advisor and Client satisfaction during the all-important initial touch point with a firm-opening a new account. This powerful solution employs an integrated and highly configurable decision support system to help ensure proper information is gathered and validated against business and compliance rules throughout every phase of the account opening process.

To learn more about Scivantage Investor and its automated account opening and maintenance capabilities, visit http://www.scivantage.com/accountopening or call us at 866.724.8268.