Combination Strengthens Core Business, Expands Product Range into Market-Neutral Trading Strategies for Clients
Event Driven Investor Research LLC (“EDIR”), owner of Spin-Off Investor (www.spinoffinvestor.com), and Trading Software Pty Ltd (“TSP”) of Brisbane, Australia announced today the conclusion of a definitive agreement for EDIR to acquire the assets of Pairtrade Finder™ (www.pairtradefinder.com). TSP’s founder, Jared Mann, will remain a consultant to EDIR with a vested interest to assist with transition.
“The purchase of Pairtrade Finder™ enhances our ability to offer investors and traders powerful and easy-to-use trading systems and software. Our mission is to provide the opportunity to consistently beat both the market indices and most professional investors, with less risk,” says EDIR Co-Founder Paul Cuatrecasas.
“Adding a best-in-class trading platform based on market-neutral strategies to our product range will offer greater opportunity to consistently profit, even in volatile markets,” says EDIR’s other Co-Founder, Geoffrey Hossie.
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Pairtrade Finder™ software identifies correlated and co-integrated stock/FX/Futures and Option pairs and generates real-time signals as to when to enter and exit long/short “pair trades.”
Pairtrade Finder™, designed to help online traders to use this consistently profitable hedge fund strategy, has received over 5,500 downloads of its spread trading software since its launch in 2008.
Jared Mann commented: “I received a lot of interest to acquire Pairtrade Finder™, however, I decided to go with EDIR because of their credentials and commitment to grow the product to benefit all users. I believe EDIR will keep it head-and-shoulders above anything else in the pair trading space.”