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TRADESTATION SECURITIES, INC. Statement of Financial Condition March 31 , 20 17 (In Thousands, Except Share Data)

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TRADESTATION SECURITIES, INC. Statement of Financial Condition March 31 , 20 17 (In Thousands, Except Share Data) TRADESTATION SECURITIES, INC. Statement of Financial Condition March 31 , 2017 (With Repmt of Independent Registered Public Accounting Firm Thereon) UNITED STATES OMB APPROVAL SECURITIES ANDEXCHANGE COMMISSION OMB Number: 3235-0123 Washington, D.C. 20549 Expires: May 31, 201 7 Estimated average burden ANNUAL AUDITED REPORT hours per response .... 12.00 FORM X-17A-5 SEC FILE NUMBER PART Ill 8-48711 FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder REPORT FOR THE PERIOD BEGINNING ___0_ 4_I0_1_I_16____ AND ENDING___ 0_3_13_1_11_7 ____ _ MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION NAME OF BROKER-DEALER: TradeStation Securities, Inc. (File as Public Information) OFFICIAL USE ONLY ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.) FIRM I.D. NO. 8050 SW 1Oth Street, Suite 2000 (No. and Street) Plantation FL 33324 (City) (State) (Zip Code) NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT Jason Geringer (954) . 652-7093 (Area Code - Telephone N umber) B. ACCOUNTANT IDENTIFICATION INDEPENDENT PUBLIC ACCOUNT ANT whose opinion is contained in this Report* KPMG LLP (Name - if individual, state las t, firsr, middle name) 200 South Biscayne Blvd., Suite 2000 Miami FL 33131 (Address) (City) (State) (Zip Code) CHECK ONE: It/ ICert ified Public Accountant O Public Accountant D Accountant not resident in United States or any of its possessions. FOR OFFICIAL USE ONLY *Claims for exemption f rom the requirement thai the annual report be covered by the opinion ofan independent public accountant must be supported by a statement offacts and circumstances relied on as the basis for the exemption. See Section 240. 17a-5(e)(2) Potential persons who are to respond to the collection of information contained in this form are not required to respond SEC 141 0 (06-02) unless the form displays a currently valid OMB control number. OATH OR AFFIRMATION I, Peter Korotkiy , swear (or affirm) that, to the best of my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of TradeStation Securities, Inc. --------------------------------------------------------------------------------------- , as of March 31 are true and correct. I further swear (or affirm) that neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account classified solely as that of a customer, except as follows: Signature President Title 6aL b~~ & tary Public This report **contains (check all applicable boxes): ~ (a) facing Page. lE (b) Statement of Financial Condition. 0 (c) Statement of Income (Loss). 0 (d) Statement of Changes in Financial Condition. 0 (e) Statement of Changes in Stockholders ' Equity or Partners' or Sole Proprietors' Capital. 0 (f) Statement of Changes in Liabilities Subordinated to Claims of Creditors. 0 (g) Computation ofNet Capital. 0 (h) Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3. 0 (i) Information Relating to the Possession or Control Requirements Under Rule l5c3-3. 0 (j) A Reconciliation, including appropria1e explanation of the Computation of Net Capital Under Rule I Sc3-1 and the Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. 0 (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of consolidation. ~ (I) An Oath or Affirmation. 0 (m) A copy of the SIPC Supplemental Report. 0 (n) A report describing any material inadequacies found to exist or found to have existed since the date ofthe previous audit. **For conditions of confidentialtreatmem ofce rtain portions of this filing, see section 240.1 7a-5(e)(3). TRADESTA TION SECURITIES, INC. Statement of Financial Condition March 31 , 2017 Table of Contents Page Report of Independent Registered Public Accounting Firm Statement of Financial Condition 2 Notes to Financial Statements 3 KPMG LLP Suite 2000 200 South Biscayne Boulevard Miami, FL 33131 Report of Independent Registered Public Accounting Firm The Board of Directors and Shareholder TradeStation Securities, Inc.: We have audited the accompanying statement of financial condition of TradeStation Securities, Inc. (the Company) as of March 31, 2017 (the financial statement). The· financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the financial statement based on our audit. We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statement referred to above presents fairly, in all material respects, the financial position of TradeStation Securities, Inc. as of March 31 , 2017, in conformity with U.S. generally accepted accounting principles. May 26, 2017 Miami, Florida Certified Public Accountants Kf•MG Llf) 1S a Oelmvare t,m ted lab•lly partnetshrp and ·l•c U.S mcmbe f rm of tJ KPMG n t....vork ol mrl pen 1• nt m rr t r f rn s af'• • ted w 11 KPMli lntcrr 11 Coope hv I"'KPM(.i I t rn, t10f ;"~l'"t, a Sw-. enhly TRADESTATION SECURITIES, INC. Statement of Financial Condition March 31 , 20 17 (In thousands, except share data) Assets Cash and cash equivalents $ 57,793 Cash and investments segregated in compliance with federal regulations 1,849,101 Receivables from brokers, dealers, clearing organizations and clearing agent~ 309,733 Receivables from brokerage customer5 69,068 Property and equipment, net 240 Deposits with clearing organizations 59,597 Deferred tax asset, net 3,736 Other assets 10,640 Due from affiliated companies 219 Total assets $ 2,360,127 Lia bilities and Shareholder's equity Liabilities: Payables to brokers, dealers and clearing organizations $ 248,812 Payables to brokerage customers 1,980,890 Accounts payable and accrued liabilities I2,870 Due to affiliated companies 15,222 Notes payable 4,000 Total liabilities 2,261,794 Shareholder's equity: Common stock, $1.00 par value. Authorized I ,000 shares; I 00 issued and outstanding Additional paid-in capital 30,334 Retained earnings 67,999 Total shareholder's equity 98,333 Total liabilities and shareholder's equity $ ==2=,3=60=,1=2=7 = See accompanying notes to financial statement. 2 TRADESTATION SECURITIES, INC. Notes to Financial Statement March 3 l , 2 0 l 7 (1) Description of Business TradeStation Securities, Inc. (the Company or TradeStation Securities) is a wholly-owned subsidiary of TradeStation Group, Inc. (the Parent Company). The Company is headquartered in Plantation, Florida, and has branch offices in Chicago, Illinois, Richardson, Texas, and New York, New York. The Company is a broker-dealer registered under the Securities Exchange Act of 1934 and is a member of the Financial Industry Regulatory Authority (FINRA). The Company is also registered with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM). The Company offers TradeStation principally to the active trader and investor markets. TradeStation is an electronic trading platform that enables customers to design, test and monitor their own custom trading strategies and then automate them with electronic order placement. The trading platform currently offers streaming real-time equities, equity options and futures market daita, numerous other charting and analysis functions and features, and manual or automated electronic order placement of equities, options and futures trades. As the clearing broker for its equities client base, the Company is responsible for custody and control over the assets in those clients' accounts and provides a variety ofback office functions including the settlement of stock transactions with the Depository Trust & Clearing Corporation (DTCC) and options transactions with the Options Clearing Corporation (OCC). In add ition, the Company is responsiible for possession or control of customer securities and safeguarding of customer fi.mds. The Company also self-clears customer commodity and financial futures transactions for products with clearance at CME Group and ICE Clear U.S., which account for the majority of the Company' s customers' futures transactions. Clearance for commodity and financial futures transactions not cleared through CME Group or ICE Clear U.S. is provided by Wedbush Securities. DTCC and OCC, together with other organizations, such as the CME Group exchanges and ICE Clear U.S., that perfonn similar clearing or depository roles for their members, are collectively referred to in this report as "clearing organizations." The Parent Company is a wholly-owned subsidiary of Monex Group, Inc. (Monex), headquartered in Minato-ku, Tokyo and listed on Section One of the Tokyo Stock Exchange. Monex, principally through its main subsidiary, Monex Inc., provides a variety of financial services to individual investors, including securities brokerage, M&A advisory, debit and equity underwriting, asset management, investment
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