CHICAGO, Feb. 8, 2008 (PRIME NEWSWIRE) -- Spooz, Inc. (Pink Sheets:SPZI), announced today that it has deployed AlgoServer(tm), the new Spooz enterprise product that provides Brokers and Institutions new competitive advantages in the market place. The AlgoServer renders SpoozToolz remarkably extensible and provides brokers with the ability to serve customers in a new way. Hosting AlgoServer provides brokers and trading Institutions "edge" by enabling them to rapidly deploy automated trading strategies and algorithms to buy-side customers and internal desks.
"AlgoServer means Brokers can empower customers as never before," said Paul Strickland the Spooz CEO. "Traders can easily migrate and adapt open source spreadsheet templates to a variety of other markets and asset classes without a programmer. The ability of the Broker to deploy templates will contribute to the growth and activity of the Broker's customer community by differentiating the new services provided to trading customers."
AlgoServer also incorporates smart order routing. For example, AlgoServer would route orders to achieve the best "fill" price for those securities trading at more than one exchange or venue. Internal crossing of orders by Brokers and Institutions is also supported by AlgoServer.
AlgoServer has already been deployed to selected brokers and 3rd party developers providing them with all the speed and reliability of a conventionally programmed language (including C++ and Linux) thereby fueling growth in new markets for SpoozToolz add-ons and algorithmic trading systems.
AlgoServer is an enterprise level product available through the Spooz Sales Department in Chicago at 312-379-3166.
About Spooz, Inc.
Spooz, Inc., a publicly traded company based in Chicago, provides a suite of solutions designed to streamline electronic trading across multiple asset classes. SpoozToolz(tm), SpoozToolz(tm) Pro and SpoozChartz(tm) and the new Spooz AlgoServer(tm) enable any trader to quickly and efficiently bridge the gap between concept and execution. The value of the SpoozToolz platform is that it allows any broker or trader to quickly and efficiently develop and deploy trading applications before opportunity for profit is lost.
Forward Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of Forward-Looking Statements: This news release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements.