Avalon Rolls Out Avalon Matching System
Thursday, August 14, 2008 - 1:49 PM ET
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Avalon Capital Holdings Corporation (OTC:AVAL - News), and its wholly owned subsidiary, Traders Development LLC, announced today that it is rolling out the Avalon FX Pro Matching System.
The Avalon FX Pro Matching System utilizes a sophisticated network of algorithms, which automatically manage counterparty risk between trading clients and liquidity providers based on predefined risk tolerance levels. The Avalon FX Pro Matching System is specifically engineered to limit risk by eliminating the potential for human error in managing a firm’s counterparty risk. The system works best when interfaced between thousands of retail trading clients and institutional foreign exchange liquidity providers.
The Avalon FX Pro Matching System includes a strategy tester that compares the profitability of the Avalon FX Pro Matching System to the profitability of a firms existing Risk Management solution. Banks, brokerages, and other online trading companies may add the Avalon FX Pro Matching System as a secondary service after the initial launch of Avalon FX Pro Trading Platform.
Companies that will utilize the Avalon FX Pro Matching System are expected to be able to significantly reduce dealing desk related expenses, and consistently increase firms' dealing profitability as client volume increases utilizing a tested algorithm to capture dealing and spread revenues, and practically eliminate the potential for human error when managing counterparty risk.
In making the announcement, Alex De Khtyar, President of Avalon Capital Holdings Corporation, stated, “The Avalon FX Pro Matching System is powerful software. It allows a Forex company to drastically reduce its overhead and increase its profit margins. We expect banks, ECNS, FCM’s and retail trading clients seeking fast and automated execution to benefit from the Avalon FX Pro Matching System.”
About Avalon Capital Holdings Corporation
Avalon Capital Holdings Corporation, through its subsidiaries, develops, markets and distributes high-performance trading software for financial companies that engage in online trading. The Company offers products related to the Foreign Exchange (“Forex”), the world’s largest capital market according to The Bank of International Settlements. For additional information please visit http://www.avalonch.com/ or email info@avaloncapitalholdings.com.
About Traders Development, LLC
Traders Development, LLC is a financial software company based in Irvine, California. Traders Development plans to be a leading technology provider of foreign exchange trading and data solutions to trading professionals and qualified organizations. Traders Development also provides turn-key or customized solutions to qualified organizations including dealing interface (or graphic user interface-GUI), application program interface (API), back-office processing, database, servers, technical support and upgrades. Traders Development has developed and owns its proprietary Forex trading platform, Avalon FX Pro™. For additional information contact info@tradersdevelopment.com.
A number of statements referenced in this Press Release are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this Release may be identified through the use of words such as “expects,” “will,” “anticipates,” “estimates,” “believes,” or statements indicating certain actions “may,” “could,” or “might” occur. Such statements reflect the current views of Avalon Capital Holdings Corporation with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
Avalon Capital Holdings Corporation does not undertake any responsibility to update the “forward-looking” statements contained in this news release. Any communications received by fax or e-mail concerning Avalon Capital Holdings Corporation which have not been authorized by the Company or its investor relations/media advisory firm are specifically disavowed by the Company.
Contact:
Avalon Capital Holdings Corporation
Alex De Khtyar, 310-967-0990
