RE: CuriousStill here unclefreddy... well done coaxing me out however. Remember this -
Apr 07, 2009 10:52 ET
Titan Trading Receives US$5,000,000 from Wall Street Veteran for Trading Account
EDMONTON, ALBERTA--(Marketwire - April 7, 2009) - Titan TradingAnalytics Inc. (TSX VENTURE:TTA) (OTCBB:TITAF) ("Titan") reports thatCompo Investment Partners LP ("Compo") of New York has placed $5,000,000(U.S.) in a Professional Leveraged Trading account to be managed by thecompany's wholly owned subsidiary, Titan Holdings USA LLC ("THU"). Theaccount has been placed under the investment control of TickAnalyst 2.0,the Company's groundbreaking electronic trading and financial analysissoftware platform. Under the terms of the PLA management agreement, THUand Compo will equally share the account's profits. TickAnalyst 2.0 hasentered the final phase of advanced testing by Titan's independenttesters as evidenced by Compo's commitment.
Philip Carrozza,President and Chief Executive Officer of THU stated, "This is asignificant event in the life cycle of our company. Receivingconfirmation from Ron Shear, a Wall Street veteran and founder of CarlinFinancial Group is a strong endorsement to our company and ourproducts. We are confident in the technical trading ability of theTickAnalyst product suite."
Ken Powell, President and CEO of Titan stated "I would like tocongratulate our subsidiary, THU, for successfully achieving our firstinternal asset management agreement. The team contributed significanttime and effort on both business and technical fronts in the developmentand implementation of our TickAnalyst software platform. Thisinvestment speaks to the ability and potency of our algorithmic tradingsystem and we are delighted to welcome Compo."
About Compo
Compo Investment Partners LP, based in New York, New York is anincubator fund for emerging financial market managers as well asestablished institutional asset managers. Compo is run by Mr. Ron Shear,a Wall St veteran and founder of Carlin Financial Group.
About Titan
Titan Trading Analytics Inc. is a premier software developer andthrough its wholly owned subsidiary, Titan Trading USA LLC, a providerof investment analysis, investment management and automated tradingsolutions for institutional investors and selected groups around theworld. Titan Trading Analytics Inc has developed an electronic tradingand financial analysis software platform designed to capture and analyzereal-time market tick data and then execute trades based on thesoftware's Algorithmic calculations. This flagship product is a uniquelypowerful and cutting edge automated trading platform. Titan Trading USALLC utilizes these systems with proprietary models developed, tried andtested over many years to manage assets for selected groups in globalmarkets. Titan has internally developed products and services that areat the forefront of the high growth global investment management andtrading industry.
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.