SPOOZ Inc (SPZI)

[AngieM]

Spooz Names Groves Director of Financial Engineering
Wednesday February 7, 9:00 am ET


CHICAGO--(BUSINESS WIRE)--Spooz, Inc. (OTC BB:SPZI - News) is pleased to announce that Jame Groves has joined the company as its Director of Financial Engineering. In his new position, Mr. Groves will be in charge of accelerating product development, technology architecture, and quality assurance. He will also be responsible for identifying technology trends that impact the company's business and product strategy.
Before joining Spooz, Mr. Groves served as Managing Principal of Relativity Holdings, LLC where he co-authored high-frequency arbitrage models for the OTC FX markets. Among his duties at Relativity were quantitative model research, development, architecture, and validating internal model sets. Prior to his time with Relativity, he worked for Alpha Trading as a quantitative analyst, where he was credited with co-authoring a computerized stock option arbitrage system which monitored 30,000 option prices simultaneously and automatically placed orders in real-time. He also designed proprietary black-box systems for high frequency trading applications to exploit market inefficiencies using multi-population genetic algorithms. For the previous five years, Mr. Groves was a commodities trader with Harbor Island Citrus, Inc.

"We are thrilled to have Jame join our company," said Paul Strickland, CEO of Spooz. "He brings a very impressive background to the Director of Financial Engineering position, with over 15 years of experience in derivatives pricing, hedging, arbitrage pricing theory, multi-factor modeling, economic forecasting, risk management, and portfolio optimization. He will be an outstanding addition to our management team."

SpoozToolz(TM) and its modules, the Company's flagship products, add built-in trading capabilities to the popular Microsoft® Excel software application, combining a customizable interface, streaming quotes, charts, technical analysis, a comprehensive historical database, and electronic trade execution into a simple add-in that becomes part of the Excel tool bar.