Business & Finance
Business and Finance
Business and Finance
Mon, May 11, 2009
Fri, May 8, 2009 Terra Nova Financial Group, Inc.: Terra Nova Financial, LLC Announces New York Stock Exchange (NYSE) Membership
CHICAGO, IL--(Marketwire - May 8, 2009) - Terra Nova Financial LLC ("Terra Nova"), a subsidiary of Terra Nova Financial Group, Inc. (
"We are excited to announce this important membership and honored to be invited to stand on the podium at the New York Stock Exchange," said Michael Nolan, President of Terra Nova Financial. "Our clients are among the most sophisticated trading professionals and they continually challenge us to think differently and broaden our execution and clearing offerings. The global reach, flexibility and product diversity of the NYSE is a great fit for the innovative approach we embrace at Terra Nova."
Becoming a member helps Terra Nova, a self-clearing brokerage firm, continue to forge new ground with advanced execution and clearing solutions that provide remarkable flexibility in the way high-frequency trading clients and correspondent firms can connect to various liquidity points including exchanges, ECNs (Electronic Communications Networks), ATSs (Alternative Trading Systems), and brokers. One such offering is Terra Nova's Sponsored Access solution, through which Terra Nova's clients can establish a direct, low latency connection between their proprietary trading platforms and exchange matching engines. As a NYSE member, Terra Nova is empowered to sponsor clients' direct connectivity, which includes API and FIX protocol options. Terra Nova also offers other robust offerings for clients whose order flow comes from their own OMS/EMS, Black Box, Grey Box or algorithmic applications; those who want direct access to electronic liquidity sources; and those with substantial speed requirements.
With NYSE membership, Terra Nova is now a member of virtually every major American exchange, including: International Securities Exchange, Boston Options Exchange, Chicago Stock Exchange, National Stock Exchange, NYSE Arca Options, NYSE Arca Equities, NYSE Alternext US, NYSE Euronext, NASDAQ OMX Group Inc., NASDAQ OMX PHLX, and CBOE Stock Exchange. Terra Nova also is a member of Financial Industry Regulatory Authority ("FINRA"), Securities Investor Protection Corporation ("SIPC"), National Futures Association ("NFA"), The Depository Trust Company ("DTCC"), National Securities Clearing Corporation ("NSCC") and The Options Clearing Corporation ("OCC").
The Exchange's Closing Bell ceremony is telecast live nationwide at 4:00 pm (EST) on most financial news networks, including CNBC, CNN, and Bloomberg. A live webcast of The Closing Bell (beginning at 3:59 pm EST) will be available on the homepage of [ nyse.com ].
About Terra Nova Financial
[ Terra Nova Financial, LLC ] is a specialized financial services firm focused on supporting trading professionals. [ Professional traders ], [ hedge funds ] and [ money managers ] come to Terra Nova for unmatched value in execution, [ clearing ] and [ prime brokerage ] services. This recognition originated with the firm's role as the sponsoring broker-dealer for the innovative Archipelago ECN and has been further earned through its proven mastery of the client experience. Through a portfolio of [ advanced technology tools ], Terra Nova empowers self-directed clients to trade, analyze, strategize and report with the precision professionals require. Terra Nova's team is built to enhance the impact of these tools by providing swift, flexible care and insight, with one goal in mind: clients' success.
Terra Nova Financial, LLC and [ Tradient Technologies, Inc. ] are wholly owned subsidiaries of Terra Nova Financial Group, Inc., a public company trading on the OTCBB market. Terra Nova Financial Group, Inc., through its subsidiaries, primarily operates as a registered broker-dealer and service bureau, covering the equities, equity options, futures and foreign exchange markets. Tradient Technologies, Inc. operates Terra Nova's technology development activities. Terra Nova was founded in 1994 and is headquartered in Chicago, IL. Visit [ www.tnfg.com ] and [ www.tradienttech.com ].
About NYSE Euronext
NYSE Euronext, the holding company created by the combination of NYSE Group, Inc. and Euronext N.V., was launched on April 4, 2007. NYSE Euronext (NYSE/New York and Euronext/Paris: NYX) operates the world's largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in seven countries and eight derivatives exchanges, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data.
Forward-looking statements:
Certain statements in this release may constitute "forward-looking" statements as defined in Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and other laws and regulations. Such forward-looking statements involve known and unknown risks and other important factors that could cause the actual results or performance of the company to differ materially from any future results expressed or implied by such forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words "plan," "believe," "expect," "anticipate," "intend," "project," or other similar words, or the negative of these terms or comparable language, or by discussion of strategy or intentions. This cautionary statement is being made pursuant to applicable securities laws with the intention of obtaining the benefits of the "safe harbor" provisions of such laws. The Company cautions investors that any forward-looking statements made by the Company are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements with respect to the Company, include, but are not limited to, risks and uncertainties that are described in the Annual Report on Form 10-K for the year ended December 31, 2008 and in other securities filings by the Company with the SEC. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
