Plantation, Florida, April 23, 2009 (Global Telecom) - TradeStation Group, Inc. (NASDAQ: T) today announced first quarter 2009 net revenues amounted to 36 million U.S. dollars, net income of 470 million, earnings per share (diluted) 11 cents, compared with first quarter 2008 net revenue of 40.7 million U.S. dollars, net income of 8.3 million U.S. dollars, earnings per share (diluted ) for 19 cents. The main reason for the difference is a year-on-year decrease of 7.1 million U.S. dollars in net interest income. Brokerage commission and the cost of the first quarter of 2009, 32.9 million U.S. dollars, an increase of 8% over the first quarter of 2008, brokerage commission and the cost of 30.5 million U.S. dollars. Brokerage commissions and costs the company the largest component of net income. Our first quarter financial performance is very good, said David Fleischman, the company's chief financial officer. In these market conditions, interest rates close to zero, we increase our fees and brokerage commissions and customer base and generate a solid income. This once again demonstrates the strength and flexibility in our customer base and our products . It is also worth to emphasize that all other things being equal, lower interest rates have not occurred in the first quarter of 2009 net operating income, net profit and earnings per share (diluted) would have been significantly higher than the first quarter of 2008 results. TradeStation reports and records of account the total number of darts ------------------------------------------- --------- 2009 first quarter, TradeStation experienced the same period last year following the results of daily trading on the stock, futures and foreign exchange account: 09 the first quarter of the first quarter of the 08 percent decline in average daily ----- ----- ---------- 105825 109219 revenue transactions (3%) The company also published today, in a separate statement, the dart, with a total client assets, with an average credit balance of securities customers and average customer margin balances for securities in March 2009. TradeStation had 44,015 brokerage accounts March 31, 2009, an increase of 14%, from March 31, 2008. The average TradeStation customer transaction 617 and the average account balance each year 60,000 U.S. dollars in the stock and futures of 18,000 U.S. dollars ------------------------- --- ------------------------------------------- TradeStation's brokerage client account data is the best industry. TradeStation brokerage clients generated the following indicators of client accounts in the first quarter of 2009: Customer account transactions at an average annual income of 3195 U.S. dollars annual industry accounts for each account the assets of an average of 617 customers each account assets (shares) 60,000 U.S. dollars on average assets per account (Futures) 18,000 U.S. dollars purchase 646,500 shares of stock repurchase program ------- ---------------------------------- ---------------- -- In the first quarter of 2009, the company purchased 646,500 shares of common stock in accordance with its share repurchase program, a total purchase price of 3.64 million U.S. dollars. Purchased under the scheme because the beginning of November 13, 2006, through March 31, 2009 the company has purchased 3,706,669 shares, the total price of 35.6 million U.S. dollars. Under the stock repurchase program, the company authorized in the 4-year period, 60 million U.S. dollars to buy the common stock and unrestricted use of available cash in the open market or through private negotiations on the transaction, in accordance with the rules of one or more 10b5 - 1 Plan or project. Under the plan, to 1.25 million U.S. dollars cash per month to 4 month period (that is, 15 million U.S. dollars up to the 12-month period and up to 60 million U.S. dollars during the period of 4 years) has authorized for the purchase of company stock in the current prices, subject to applicable securities laws, regulations and rules and regulations, including Rules 10b5 - 1 of Article 18 and 10B. Repurchase program does not oblige the company to obtain any specific number of shares at any given time, may modify, suspend, extend or stop at any time and without prior notice. Companies in the second quarter 2009 Business Outlook ------------------------------------------ - ---------- TradeStation today also published its second quarter 2009 business outlook. The company's second quarter 2009 Business Outlook estimated as follows: The second quarter 2009 business outlook (unit: millions of dollars, except per share data) ------------------- 2009 second quarter revenue to 36.5 U.S. dollars 39.5 U.S. dollars per share (diluted) 0.10 to 0.12 U.S. dollars The company's quarter of 2009 seconds Range estimation is based on many assumptions, including: basic, mid-point range, in part, on the average daily income account for each asset class (stocks, futures, foreign exchange) at approximately the same level, the average daily income of the account within three months ended March 31, 2009 (during the use of standard formula and often with each Business Outlook based on the management of each period to determine the best use of the assumption); federal funds goals and the daily interest rate is about zero percent of the entire quarter, no new Federal Deposit Insurance Corporation or similar fee or assessment will be the impact to the company; anticipated growth, attrition and trading activity of active trade stocks, futures and foreign exchange accounts, and the proportion of trading activity in these asset classes (each a different structure of the profit); the time the initiative of the growth in expenditure compared to the time the company is expected to benefit from these initiatives; and many others that the company business and industry, market conditions, and various decisions, acts or omissions of the company internal and external control. All the assumptions, expectations and beliefs relating to the Business Outlook are forward-looking in nature and actual results may differ materially from those estimates, including but not limited to, as a result of, or demonstrated, these problems, uncertainties and risk factors provisions and with reference to the above and below. In particular, the degree of market volatility is significantly higher or lower level, a net increase in account growth slow or decline, the Fed funds target and daily rates are different than the assumptions, and / or serious adverse economic or financial continued or worsening market conditions, or to improve earlier than expected, the result is estimated that the effectiveness of the business prospects may differ materially.
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