SOURCE: Bear Trading

Bear Trading

June 14, 2010 16:32 ET

Bear Trading Hosts Inaugural Open House

NEW YORK, NY--(Marketwire - June 14, 2010) -  Bear Trading LLC, a registered broker-dealer and a member of the Chicago Board of Options (CBSX) stock exchange, announced today that it is hosting an open house for professional traders and managers of trading groups at its headquarters in lower Manhattan on June 17. The event is scheduled from 6 pm to 8 pm.

The open house will be hosted by the firm's managing partners and will showcase Laser-Plus, Bear Trading's suite of exclusive extensions to the Laser trading platform to prospective traders. The proprietary add-ons facilitate precise trading and a customized trading environment that accommodates a multitude array of configuration options.

Elias Balasis, senior trader and managing partner, helped develop these add-on applications. "I often get asked by traders whether it's difficult to get accustomed to the Laser platform if they have traded on other direct access trading platforms. Our custom applications allow for a smooth seamless transition from other platforms. I'm excited to be unveiling them for the first time."

The open house will also debut Bear Trading's powerful gray-box trading companion, Trader's Angel. This sophisticated mechanism runs transparently and applies trader-designated algorithms to automate exit strategies by any number of criteria on multiple positions. The application effectively applies ongoing, objective analysis to a stock's position and has been proven statistically to optimize returns across a wide variety of scenarios.

Assaf Shalev, a veteran professional trader and managing partner at Bear Trading, emphasized the importance of cohesive relationships in a trading firm, "My experience is that a trading house will only be successful if members understand each other's objectives, and that a broadly applied risk-management policy is enforced."

"We are looking for individuals who share our values and our commitment, regardless of experience," Shalev said. "We feel we have the resources to allow each of our members to be successful, and we will accommodate them with every means available to us."

Bear Trading's headquarters includes ultra-high bandwidth connectivity to all major market participants to provide traders with the fastest, most reliable execution. The firm's pricing structure is among the most competitive in the arena.

About Bear Trading

Bear Trading is a registered broker-dealer and a member of the (CBSX). Bear Trading facilitates equities and options trading for proprietary, automated and gray box traders. Bear Trading provides execution services and automated development tools to the trading community.

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