TradeStation reports record full year income

For the 2007 fourth quarter, the Company reported net revenues of $40.2 million, net income of $9.3 million and earnings per share (diluted) of 21 cents, as compared to net revenues of $34.5 million, net income of $8.6 million and earnings per share (diluted) of 19 cents for the 2006 fourth quarter. The company also reported record brokerage commissions and fees of $27.6 million and record daily average revenue trades (DARTs) of 90,224 for the fourth quarter of 2007, as compared to brokerage commissions and fees of $21.0 million and DARTs of 62,821 for the fourth quarter of 2006, a 32% and 44% year-over-year increase, respectively.

"2007 was an important year for the company," said Salomon Sredni, Chief Executive Officer of TradeStation Group. "We further enhanced what we believe to be the best electronic trading platform offered to the active trader market by adding seamless automated strategy trading of the spot forex markets, and added fundamental data to the vast historical market database we provide to all TradeStation customers. We now offer our cutting-edge trading platform for stocks, ETFs, equity and index options, electronic futures contracts and forex. We believe the appeal of rule-based trading, which is at the core of our unique offering to investors, has huge potential and will continue to grow."

Read the full statement here: