QUANTITATIVE ALPHA TRADING INC. ANNOUNCES APPOINTMENT OF NEW
PRESIDENT AND COO OF US SUBSIDIARY
August 17, 2011 (Toronto) – Quantitative Alpha Trading Inc. (CNSX: QAT)(OTCQB:RTNSF) (the
“Company” or “QAT”) is pleased to announce today that Mr. Benjamin Chesir has joined QAT's wholly
owned US subsidiary, Quantitative Alpha Trading (USA), LLC, (“QAT USA”) as President and Chief
Operating Officer, with his engagement to commence in mid-September, 2011.
Mr. Chesir has also agreed to join QAT's board of directors effective upon his commencement, replacing
Michael Boulter, who is stepping down as the current transitional phase of the Company comes to an end.
“We are delighted with this appointment and also grateful to Mr. Boulter for the service he provided to
the Board and to the Company during a critical period of reorienting QAT for growth,” stated Todd
Halpern, Chair.
Mr. Chesir has over 15 years of capital markets experience focusing on all facets of trading and money
management. He started his career at Merrill Lynch in a variety of roles including software developer,
market data executive and futures and options sales trader. Mr. Chesir also served as First Vice President
at ABN AMRO Inc and as a Director at Citigroup, where he built and ran the risk management
infrastructure and functions for those firms’ North American exchange-traded derivatives businesses. Mr.
Chesir joined the New York Mercantile Exchange as its Senior Vice President of New Product
Development in 2006 focusing on new initiatives including formation of the Green Exchange, launch of
various index futures products, as well as its M&A and strategic joint ventures. After the CME Group's
acquisition of NYMEX he took a position at OTC Global Holdings as its Chief Development Officer
helping that firm develop and distribute its electronic trading platform to institutional clients and brokers
QAT's CEO Jim McGovern stated “We are very pleased to have attracted such a talented executive as
Ben Chesir to lead our US operations. Ben brings a wealth of experience and strategic relationships that
will accelerate our US business plan”.
“I am excited to be joining an entrepreneurial firm with a tremendous technology platform,” Mr. Chesir
added. “We will be executing joint ventures with multiple organizations as well as developing investment
funds for broad distribution”.
Mr. Chesir will be working closely with QAT's Vice Chairman Mr. Richard Schaeffer, also based in New
York City.
About QAT
For more than a decade, QAT has been researching, developing and maintaining proprietary algorithmic
securities trading systems that operate across numerous financial markets. Relying on behavioural science
patterns, the Company’s proprietary systems use a linked series of computer programs to analyze
securities market data in real-time and directly execute buy or sell orders over the electronic securities
exchanges while monitoring the status of every trade within a given portfolio without human intervention.
The Company trades on CNSX under the symbol QAT and in the United States on the OTCQB under the
symbol RTNSF.
For further information:
Contact: Jim McGovern, Chief Executive Officer, QAT - 1-416-323-0477, jim@qatinc.com
Except for historic information, the matters discussed in this document contain certain forward-looking
statements. These statements involve known and unknown risks, delays, uncertainties and other factors
not under the Corporation's control that may cause actual results, levels of activity, performance or
