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MB Trading Holdings Acquired Ownership of The Wizetrade Group


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Posted 06 August 2009 - 10:56 PM

MB Trading Holdings, LLC Has Acquired Ownership of WGAL, LLC, AKA The Wizetrade Group

EL SEGUNDO, Calif., Aug. 5 /PRNewswire/ -- MB Trading Holdings, LLC, the parent company of Manhattan Beach Trading Financial Services, Inc. ("MBTFS") and MB Trading Futures, Inc. ("MBTF") (collectively "MB Trading") which are technology-driven, low-commission brokerages specializing in order routing in FOREX, Equities, Futures, and Options through various global exchanges and electronic networks, announced Wednesday that it has acquired ownership of The Wizetrade Group.

The Wizetrade Group and its predecessor entity have been a preeminent leader in providing trading tools for almost ten years. Wizetrade's success is built on introducing novice investors to the basics of the markets and trading fundamentals using software products and hands on training. Wizetrade delivers much of this training through its crown jewel, Wizetrade TV®. This dynamic, interactive online television network provides more than 11 hours a day of live expert training and personalized trade analysis, delivered in High Definition quality, through its four channels.

"This acquisition is a vertical strategic move for us," said Ross Ditlove, CEO and Co-Founder of MB Trading. "MB Trading Financial Services offers a trading solution that again has taken one of the top honors in Barron's annual broker review*. We also received the Best Ranking in Trading Technology. Wizetrade offers a product suite that provides a complete trading solution in all of the major asset classes that MB Trading offers. A significant number of Wizetrade customers are already using MB Trading services in conjunction with their Wizetrade® software."

"We look forward to introducing our combined services to a whole new generation of traders, and we can now do so at significantly reduced commissions to Wizetrade customers," added Steve Demarest, President and Co-Founder of MB Trading.

"MB Trading has been an integrated broker partner with Wizetrade software products for the past three years, and this transaction is sure to further enhance the integrated technology for our customers," said Wizetrade President John Dankovchik.

MB Trading remains one of the largest privately held electronic brokerage firms in the United States. "MB Trading continues to look at acquisition opportunities that will broaden our technology and educational offerings." added David Lipsett, Executive Vice President of MBTFS and MBTF.

MB Trading plans to offer improved trading integration with the Wizetrade product suite, which includes the new CommandTRADE® and CommandTRADE® FX automated trading platforms for equities and FOREX, respectively.

About MB Trading:

Securities products are offered through Manhattan Beach Trading Financial Services, Inc. ("MBTFS"), member FINRA, SIPC. MB Trading Futures, Inc. ("MBTF") is a CFTC registered FCM and member of NFA. MBTF offers execution and settlement services for futures based products, as well as offer off-exchange foreign currency (forex) products through MB Trading.

About The Wizetrade Group:

Wizetrade®, CommandTRADE®, 4XTracker®, Option Hunter®, and WizeFinder®, 4Xfeed™, Commandfeed®, Optionsfeed®, Wizefeed® and Wizetrade TV® are trademarks of WGAL, LLC. CommandTRADE®, CommandTRADE® FX, Wizetrade® Commodities, Wizetrade® FOREX, Wizetrade® Options, and Wizetrade® Stocks are software programs owned and offered by The Wizetrade Group (collectively the "Programs"). The Programs are analytical tools only and do not predict price trends. The Wizetrade Group also offers programming for its Customers through Wizetrade TV which is designed to improve traders' understanding of the software charts. Wizetrade TV programs are for training and educational purposes only and in no way should be considered as giving buy, sell or hold advice. The Wizetrade Group, its subsidiaries, employees, and agents, and Wizetrade TV do not solicit or execute trades or give investment advice, are not registered as brokers or advisors with any federal or state agency, and encourage consultation with a licensed representative or registered investment professional prior to making any particular investment or using any investment strategy.
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