Here's a good summary by 2Shea. Paul also mentioned that STv2 is 4 times faster than Trading Technologies X-Trader Platform. STv2 can handle 10 million instructions per second. allie
Posted by: 2SHEA
In reply to: None Date:10/18/2007 10:41:40 PM
Post #of 33610
It's my opinion that the presentation was to much information in too short of time for people to absorb
without taking notes and some people here fail to recognize the future potential of Spooz.
Paul did an exceptional presentation for the meager time that was allotted.
Most certainly there were post expo meetings by interested parties looking for the "Holy Grail" of trading....
This is only the beginning of a much larger adventure.The first half of an unfinished novel.
These are quotes extracted from the expo....
“We have some unfair competitive advantage. One is, that we have truly burst to market.
There is truly nothing like this product in the market place right now.
We’ll continue to patent our revolutionary technology as it is developed.
We are trying to bring professional grade tools to Everytrader…that’s our goal.
We are a multi-product company.
We will have an Auto Spreader.. soon..and the ‘Z pro package’ would be ALL of the above
priced for the professional trader and we will be going to the market with that in late December or early January.
We ALSO will bring a third party API to the market place to allow developers to write their own applications
and tie to our system and we will revenue share this and then price it accordingly".
Product launch date:
"SpoozToolz will be launched in January 2008 along with the ‘Custom Pricing Module’ and 'SpoozCharts'.
The API for the third party developers in March of 2008. Another module called Fractalz which is based upon ‘Chaos Theory’
(it's a chaos predictor) will launch in April of 2008 and the Auto Spreader in May.”
Projections:...(IMO, Paul is still being conservative here.)
Break even in June 2008.
Total amount of traders in 2008…4,000 (2,000 professional systems and 2,000 retail systems)
35,000 customers by 2011 and we're looking at $100,000,000 in sales in a little over 4 years.
Highlights:
Will appear at the FIA (Futures Industry Association) in November and introduce SpoozToolz to the public.
Been asked by Talon? Financial to serve on a board during the upcoming FIA show to explain SpoozToolz
and algorithmic trading to interested parties. (Most widely attended panel discussion on the subject).
Calyon Financial believes SpoozToolz is the ‘future of trading’.
Traders Expo in February 2008.
Will open a sales office in NY in April …London sales office in July.
Great people..Revolutionary products..Large growth market.
We have a lot to look forward to in the next 60 days and beyond.
2SHEA
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