Spooz Discloses Contract to Shareholders
- 9/23/2008
Spooz is pleased to announce an integration agreement with Bloomberg Tradebook’s electronic trading system. Due to mutual client demand, the SpoozToolz trading software will be able to send orders and receive fills in the equity, futures, options and Foreign Currency Exchange. Spooz and Bloomberg Tradebook anticipate delivering an integrated product to customers within sixty days. The product is available to Bloomberg Professional ® service subscribers.
SpoozToolz utilizes Microsoft® Excel® as the Graphical User Interface for creating trading strategies because Excel undoubtedly is the de facto, universal standard for analysts and traders in all financial markets. SpoozToolz adds toolbar functions to Excel that enable the trader to easily create quote and trading screens that act as a direct portal to Bloomberg Tradebook’s multi-asset, electronic execution gateways around the world.In addition, Excel provides a familiar platform upon which to quickly and develop and deploy automated strategies before the opportunity is lost to the customary development cycle.
Although Strategies may be developed in Excel, the low latency execution of orders is performed in the SpoozToolz C# middleware.SpoozToolz includes a control dashboard that displays trading activity, position, fills, and status of each order as well as profit and loss statistics.The dashboard also serves as an efficient tool to aid the trader in managing strategies running simultaneously in diversified markets.
The agreement between the two companies calls for delivery of the SpoozToolz core product as well as its Custom Pricing and AutoSpreader modules.Additionally, Spooz will provide custom trading templates to Tradebook and its customers on a fee basis and will make its template library generally available to those traders wishing access.
“We are so pleased to have one of the finest companies in the world as our partner,” stated Paul Strickland the Spooz CEO.“Our mutual agreement marks a significant milestone in our company’s history and provides SpoozToolz access to a large, sophisticated customer base with compelling needs for our products.”
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