Monex Group, Inc. Announces New Executive Appointments
Salomon Sredni to Become Chief Operating Officer of Monex Group, and Takashi Oyagi to Become Chief Strategic Officer of TradeStation
PLANTATION, Fla. and TOKYO, Nov. 22, 2011 (GLOBE NEWSWIRE) -- Monex Group, Inc., the rapidly growing global online brokerage firm, is pleased to announce two new executive appointments. Salomon Sredni has been named Chief Operating Officer of Monex Group Inc., and Takashi Oyagi has been named Chief Strategic Officer of TradeStation Group. Mr. Sredni has been Chief Executive Officer of TradeStation Group since 2007. He will continue in that capacity, and now also assumes the role of Chief Operating Officer for Monex Group, Inc., focusing on enhancing global revenues and controlling global expenses across all Monex Group companies. Mr. Sredni has been with TradeStation since 1997, previously serving as the company's President and Chief Operating Officer.
Mr. Oyagi has been Chief Strategic Officer of Monex Group, Inc., the parent company of TradeStation Group, since February 2011, and has been a member of the Board of Directors of both Monex Group and TradeStation since June 2011. He will retain those responsibilities in addition to assuming strategic leadership for TradeStation Group. Mr. Oyagi has also served as an Executive Director of Monex Group, Inc., responsible for the business development in China and Hong Kong. In August 2007, he rejoined Monex Group and assumed the position of CEO and President of MBH America, Inc., a subsidiary of Monex Group in New York, conducting strategic research for the group.
"We are delighted to have Salomon and Takashi take on these expanded roles within our executive management team," said Oki Matsumoto, Chairman and Chief Executive Officer of Monex Group, Inc. "Both Salomon and Takashi's years of experience will be key components to Monex achieving its goal of expanding our global business going forward."
About TradeStation Group, Inc.
TradeStation Group, Inc. through its principal operating subsidiaries, TradeStation Securities, Inc. and TradeStation Forex, Inc. offers the TradeStation analysis and trading platform to the active trader and certain institutional trader markets. The TradeStation platform offers advanced electronic order execution and enables clients to design, test, optimize, monitor and automate their own custom Equities, Options, Futures and Forex trading strategies.
TradeStation Securities, Inc. (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC & NFA) is a licensed securities broker-dealer and a registered futures commission merchant, and also a member of the Boston Options Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, International Securities Exchange and NASDAQ OMX. Its TradeStation Prime Services division, based in New York, seeks to provide prime brokerage services, including securities lending, to small and mid-sized hedge funds and other firms. TradeStation Forex, Inc. (Member NFA) is a Retail Foreign Exchange Dealer (RFED) that provides the company's Forex brokerage offering. The company's technology subsidiary, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. Its London-based subsidiary, TradeStation Europe Limited, an FSA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities, Inc. and TradeStation Forex, Inc.
About Monex Group, Inc.
Monex Group, Inc. (Tokyo Stock Exchange 1st section: 8698), including its main subsidiary Monex Inc. (Tokyo, Oki Matsumoto, Chairman and CEO), an online securities brokerage, provides advanced and unique financial services to individual investors. Monex Group has been a pioneer among Japanese online securities brokers since the complete liberalization of commissions and fees in stock brokerages in 1999. Monex relentlessly strives to offer its customers in Japan innovative products and services and has established its reputation as a unique independent financial institution group. Its services cover M&A advisory, debt & equity underwriting, asset management focusing on alternative investments, investment education, and other investment banking functions along with an online distribution network to more than 1.2 million individual investors in Japan.
Monex Group aims to globalize its customer base and businesses in addition to enhancing its global product line and services. Specifically, in recent years, Monex has embarked on an ambitious plan to strengthen its products and services globally by focusing its expansion efforts to date on the growing Chinese market, by opening representative offices in Beijing and acquiring BOOM Securities (HK) Limited and its group companies in Hong Kong. As a core element in the further expansion and global diversification of its businesses, it has been seeking opportunities to expand into the U.S. market, which it saw as the missing pillar in achieving a truly global platform. The acquisition of TradeStation provides Monex with an immediate expansion and strong commercial presence in the U.S. online brokerage market.
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