TradeStation Technologies Inc. announced it bought the Portfolio Maestro software platform from Rina Technologies for $5 million, acquiring a system that allows users to test their portfolios and trading strategies.
The firm said it will integrate the newly-purchased platform into its update of TradeStation Version 9.0, a process that will unfold over the next few months. In addition, Rina will assist TradeStation with the technology as a part-time consultant for a minimum of one year, and up to three if necessary, the companies said in a release.
“Portfolio testing has been one of the most requested features by TradeStation customers for several years, so it is very exciting soon to be able to provide our clients with a professional-level, portfolio back-testing option,” TradeStation executive John Bartleman said in the release.
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio