Spooz Completes SWARM Beta Testing and Reports Results
Thursday July 19, 12:05 pm ET
CHICAGO--(BUSINESS WIRE)--Spooz, Inc. (OTC: SPZI - News) is excited to announce the end of successful beta testing for SWARM and announce live trading results from Spooz Trading Technologies, Inc., a wholly owned subsidiary of Spooz, Inc.
Under development since January 2007, SWARM is a high-frequency, light-touch trading model developed by Spooz employees Jame' Groves, Erik Long and Dr. Peng He. Executed on Spooz's signature SpoozToolz(TM) software, SWARM is a combination of proprietary arbitrage models that exploit local and spatial price discovery. Its unique weighted components allow for "dynamic" co-integration balancing between multiple correlated markets. Because its success is based on the automation of quantitative strategies, SWARM's trading performance is not dependent on any specific market direction, but rather on precise micro-second calculations to identify opportunities as they arise.
"The live trading test resulted in surprisingly good numbers. Although it represented a small number of actual trades, when considered together with simulated trades conducted in June, we believe the results to be statistically significant enough to enter into the production phase," stated Jame' Groves, Director of Financial Engineering for Spooz. "It is time to build a proprietary trading division capable of becoming an important profit center for the company."
All trading occurred in a third party account. The beta test period began July 2, 2007 and continued through July 18, 2007. For the beta period, only two spreads in the energy complex were traded. The following unaudited results were generated from account statements:
Trading Days: 12
Number of Trades: 244
Average Trades per Day: 20.3
Number of Winners: 234
Number of Losers: 5
Number of Scratches(a): 5
Winning Percentage: 95.9 %
Losing Percentage: 2.05 %
Scratch Percentage: 2.05%
Average Winning Trade: (b) $30
Average Losing Trade: (b) $16
(a) A scratch is a trade initiated and offset at the same price.
Transaction fees apply.
(b) Based upon one contract; excluding commissions and fees.
"While Spooz does not offer direct public participation in proprietary SWARM trading, it is our goal to teach traders how to utilize SpoozToolz to create sophisticated models based upon modern trading methodologies," said Paul Strickland, the Spooz CEO. "We believe that SpoozToolz will change the way smaller traders approach the market as they come armed with technology unavailable to them from any other source."
ABOUT SPOOZ
Spooz, Inc., a publicly traded company based in Chicago, provides a suite of solutions designed to simplify financial trading for traders and hedgers alike. Its flagship product, SpoozToolz(TM) and its modules, 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. SWARM is an example of trading systems that can be created with SpoozToolz.
