May 12, 2011
FORT LAUDERDALE, Fla. – May 12, 2011 – Online broker-dealer TradeKing (www.tradeking.com) today announced its CIO, Dan Raju, will be a featured speaker at the 2011 Wall Street & Technology Capital Markets Cloud Symposium, taking place May 17 at the Hilton Hotel in New York. The symposium will overview the variety of ways in which capital markets firms are securely deploying cloud-based applications and services to reduce maintenance spending while investing more efficiently in innovation.
Raju will share his perspectives during a session entitled, “Rapid Implementation & Cloud-Enabled Go-to-Market Strategies,” from 2:55-3:25 p.m. Developing, testing and deploying new products quickly present challenges for medium and large capital market organizations alike. In many cases, cloud-based technologies reduce much of the initial capital cost and allow firms to ramp up quickly. The “Quick Provisioning” and “Pay-as-you-Go” models have challenged the existing “Procure and Provision” model traditionally followed by IT departments. This has enabled the creation of new budgeting paradigms where IT departments have larger variable operating expense that can expand or contract as needed. Raju will discuss how TradeKing has embraced cloud technology to develop new products quickly and offer innovative capabilities to its retail clients.
A 15-year veteran of directing strategy and mission-critical IT operations for large global companies, Raju is responsible for leading TradeKing’s technology strategy, technology-based initiatives and support. Raju came to TradeKing having served as Associate Vice President of Global Technology Infrastructure & Operations at the Associated Press, where he was charged with overseeing all aspects of technology infrastructure, operations, strategy and support for the world's largest news agency with operations in 300-plus global locations. Before that, Raju held the position of Senior Director of Technology Infrastructure and Operations for Borders Group Inc., where he managed the infrastructure and operations for the global organization. Raju has also held senior IT positions with other major national brand companies including Charming Shoppes (parent to fashion retailers Lane Bryant, Fashion Bug and others), Safety-Kleen and NCR Corporation.
For more information on the Capital Markets Cloud Symposium, please visit http://www.wallstreetandtech.com/cloud2011.
TradeKing (http://www.tradeking.com) is a nationally licensed online stock and options broker offering simple, low cost online trading fees ($4.95 per trade plus $.65 per option contract, $8.95 per trade plus $.15 per options contract for nine or more contracts) with no hidden costs or account minimums.1 A pioneer in integrating new financial social media as part of its innovative online equities, options trading and fixed-income trading platform, TradeKing has received multiple discount broker awards from top industry sources and was rated best in customer service by SmartMoney2 Magazine, ahead of OptionsXpress, Scottrade, Fidelity, and TD Ameritrade. (June 2011 SmartMoney Broker Survey).
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Options involve risk and are not suitable for all investors. For more information, please review the Characteristics and Risks of Standard Options brochure before you begin trading options. Options investors may lose the entire amount of their investment in a relatively short period of time.
TradeKing provides self-directed investors with discount brokerage services, and does not make recommendations or offer investment, financial, legal or tax advice. The content of this press release is provided for educational and informational purposes only, does not constitute a recommendation to enter in any of the securities transactions or to engage in any of the investment strategies presented herein, and does not represent the opinions of TradeKing or its employees.
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(1) $4.95 for equity and option trades, add 65 cents per option contract. Trade more than 8 contracts, and we'll automatically lower your cost to $8.95 per trade plus 15 cents per contract. TradeKing charges an additional $0.35 per contract on certain index products where the exchange charges fees. TradeKing adds $0.01 per share on the entire order for stocks priced less than $1.00. See our Commissions + Fees page at www.tradeking.com/fees for details on commissions on low-priced stocks, option spreads, and other securities.
(2) TradeKing was ranked #1 in Customer Service in the SmartMoney June 2010 Broker Survey based on the following categories: Mutual Funds & Investment Products, Banking Services, Trading Tools, Research, and Customer Service. SmartMoney is a registered trademark of SmartMoney, a joint publishing venture between Dow Jones & Company, Inc. and Hearst Partnership. Supporting documentation for any claims, comparison, statistics, or other technical data, will be supplied upon request by calling 877-495-5464 or via email at firstname.lastname@example.org.