TORONTO, ONTARIO--(Marketwire - Oct. 3, 2012) - Quantitative Alpha Trading Inc. ("QAT", "the Company") (CNSX:QAT)(OTCQB:QATSF) announces the resignation of Todd Halpern as Chairman of QAT. Mr. Halpern continues to serve as Chairman of Mobile Integrated Systems Inc. ("MIBI").
"On behalf of the Board of Directors, I would like to thank Todd for his valuable service and contributions to QAT" said James McGovern, Chief Executive Officer of QAT. He added, "QAT is off to a solid start in commercializing its Stealth Analytics service with the assistance of MIBI. Both companies are also working diligently and making progress towards implementing the merger agreement announced in August."
For more than a decade, QAT has been researching, developing and maintaining proprietary algorithmic securities trading systems that operate across numerous financial markets. Relying on behavioural science patterns, the Company's proprietary systems use a linked series of computer programs to analyze securities market data in real-time and directly execute buy or sell orders over the electronic securities exchanges while monitoring the status of every trade within a given portfolio without human intervention. The Company trades on CNSX under the symbol QAT and in the United States on the OTCQB under the symbol QATSF.
Except for historic information, the matters discussed in this document contain certain forward-looking statements. These statements involve known and unknown risks, delays, uncertainties and other factors not under the Corporation's control that may cause actual results, levels of activity, performance or achievements to be materially different from the results, levels of activity, performance, achievements or expectations expressed or implied by these forward-looking statements.
CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.