SOURCE: Your Trading Room

Your Trading Room

May 02, 2011 06:00 ET

Your Trading Room Appoints Former President & Chief Growth Officer of TradeStation Group to Serve as President and Chief Operating Officer

SANTA MONICA, CA--(Marketwire - May 2, 2011) - Your Trading Room (YTR), a Global leader in providing online foreign exchange (Forex) education and proprietary trading strategies, today announced that its shareholders and Board have named Joseph Nikolson to serve as the company's President and Chief Operating Officer and member of the Board.

Prior to joining YTR, Joe served as President of Group, a registered broker dealer, serving self-directed institutional and individual investors by providing a comprehensive zero subscription fee online trading platform. During his first year, Nikolson was responsible for growing top line revenue over 400%.

Most notably Nikolson spent over 10 years at TradeStation Group, the sixth largest domestic online broker/dealer, where he held the positions of President & Chief Growth Officer until 2009. During his tenure there, Nikolson was responsible for product management functions across Equities, Futures, Options and Forex asset classes and growing revenues from inception to over $180 million. It was through Nikolson's ground work, execution and growth while at Trade Station Group that has most recently led to an acquisition valued at $411 million by Monex Group that was announced April 20, 2011.

Nikolson's prior experience includes working with various financial companies, including Olde Financial Corporation as Regional Sales Supervisor and Derivate Analyst where he was responsible for the valuation of the bank's swap portfolio. Joe graduated from Cleveland State University with a BA in Finance and an MBA. He is a Council Member of Gerson Lehrman Group and is a past member of Sungard Client Advisory Group.

Richard Waryn, YTR's Chairman and CEO, said that, "Joe's joining YTR at this point in the company's development is a milestone. His experience building TradeStation Group and into significant revenue generating companies and his deep understanding of both the Forex and brokerage industries bodes well for YTR's future. We welcome his valuable and energetic participation on YTR's senior management team.

Nikolson stated that, "YTR's unique selling proposition (USP) lies in the quality of education and 24 hour support had always been the missing element at TradeStation Group and most other brokerage centric business models as evidenced by the most recently announced high failure rate in the Forex brokerage trading industry. YTR delivers the most comprehensive program I have ever seen in the market place with its university class education, curriculum, step by step advancement program, proprietary strategies, 24 hour 5 day a week live online professionally moderated trade rooms and trading team of instructors, moderators and coaches that brings more than 100 years combined experience essential in learning to properly trade the Forex market and develop consistent profitability.

Nikolson went on to say, "I am truly pleased to join the YTR team. The company has a robust and highly differentiated model that is truly timely in terms of today's opportunity landscape. I strongly believe that YTR is poised for significant growth and a substantive footprint in the marketplace and look forward to duplicating and exceeding the success attained during my tenure while at TradeStation Group.

ABOUT YOUR TRADING ROOM: YTR is an international provider of online foreign-exchange financial education, training and proprietary trading services. Dynamic and forward thinking, our company is a reflection of our brand promise, to empower traders globally. This is the foundation that underpins every decision YTR engages in across its broad range of stakeholders. Our difference, market leading solutions supported by four key disciplines: research and development; proprietary indicators and strategies; education and training; and live professional coaching. Our LIVE trading rooms provide a superb framework of real-time support throughout a 24 hour, 5 ½ trading day a week trading cycle so that all traders, new and established, can take advantage of our knowledge and on-staff professional traders. For more information, please visit our website at or call 888-766-4811 ext. 111.

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    Your Trading Room
    Patrick Braid
    888-766-4811 ext. 111
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