Mr. Fleischman joined the Company as Chief Financial Officer, Vice President of Finance and Treasurer in February, 2001. Prior to joining TradeStation Group, Mr. Fleischman was engaged as a Director of Crossroads LLC, a firm that provides financial and management expertise and services to companies seeking to maximize the efficiencies and performance of their management teams. From January 1998 until October 2000, Mr. Fleischman served as Senior Vice President, Chief Financial Officer and member of the Board of Advisors of The SeaSpecialties Group.

From 1992 to 1997, he served as Senior Vice President and Treasurer of The Kislak Organization - J.I. Kislak, Inc., an organization that during those years included the largest privately-held mortgage-banking company in the United States. From 1983 to 1992, Mr. Fleischman served as a Director, Vice President and Chief Financial Officer of the U.S. group of Berisford International plc, a publicly-held United Kingdom company. From 1969 to 1983, he held several positions with subsidiaries of Midland Bank plc, including London American Finance Corporation and Drake America Corporation.

He began his career in 1967 in the audit division of a predecessor firm of Ernst & Young. Mr. Fleischman has a bachelor's of science degree in Accounting from The New York Institute of Technology.

Marc J. Stone joined the Company in May 1997 as its General Counsel, Vice President of Corporate Development and Secretary. In December 2000, Mr. Stone became a director of the Company's operating subsidiaries, TradeStation Securities, Inc. and TradeStation Technologies, Inc.

From January 1993 to May 1997, Mr. Stone was a partner at a predecessor law firm of Bilzin Sumberg Baena Price & Axelrod LLP ("Bilzin Sumberg"), which currently serves as the Company's regular outside counsel. Prior to that time, from 1985 to 1992, Mr. Stone was an associate with that predecessor law firm.

Mr. Stone has a bachelor's degree with a double concentration in English and American Literature and Theatre Arts and Dramatic Literature from Brown University, and received his law degree from University of California (Boalt Hall) School of Law at Berkeley. Mr. Stone is a member of the Bar of the State of New York, The Florida Bar, the American Bar Association and the New York State Bar Association. Mr. Stone is also a Member, as TradeStation Securities' membership representative, of the New York Stock Exchange and American Stock Exchange.

Janette Perez joined the Company in 1996 as Director of Public Relations. Throughout her career with the Company she has been involved in its promotional and public relations activities. In 2002, Ms. Perez was appointed Vice President of Strategic Relations for TradeStation Technologies. Ms. Perez helped conceive and launch TradeStation's online support community, and supervises many of their respective operations.

Prior to joining the Company, Ms. Perez served for 15 years as a manager for Simon Bolivar International, a specialty advertising firm.

Mr. Nikolson was appointed Chief Operating Officer of TradeStation Securities, Inc. in 2000 and became President in 2003.

From November 1996 to January 1999, Mr. Nikolson served as a principal with Olde Discount Corporation, where his role entailed the direct sales supervision and management of registered representatives in a six-state region. Prior to that time, from 1994 to 1996, Mr. Nikolson was a derivatives analyst with National City Bank and was responsible for overall valuation and risk management of the bank's interest rate swap portfolio and related holdings.

Mr. Nikolson received his bachelor's degree in Finance and master's degree in Finance from Cleveland State University. In addition, Mr. Nikolson completed post-graduate research in International Finance at Kent State University where he also served as a Teaching Fellow in the graduate school of business.