JERSEY CITY, N.J., March 28 /PRNewswire-FirstCall/ -- Hudson Holding Corporation (BULLETIN BOARD: HDHL) , announced today that its wholly owned subsidiary, Hudson Securities, Inc., has entered into an agreement to lease approximately 26,000 square feet of office space at 111 Pavonia Avenue, Jersey City, New Jersey. The Company's new office space is equipped with a state of the art trading facility. The trading room is equipped with 140 trading stations, an increase of more than twice the Company's current trading room capacity. The Company believes that the technology infrastructure of its new facility, including its telecommunications and data center, will allow it to attract and hire additional sales and position traders, as well as increase the number of securities in which it will make markets.
"We believe that our move into this state of the art trading facility will allow us to further our strategic plan of becoming a scale player within the market making and execution services industry," said Marty Cunningham, Chairman and CEO of Hudson Holding Corporation.
Hudson Holding Corporation, through its wholly owned subsidiary, Hudson Securities, Inc., operates as a registered broker-dealer of securities in the United States. It provides institutional trading and retail brokerage services. The company makes markets in approximately 7,000 securities, including Nasdaq, OTCBB, and Pink Sheets. Hudson's customers include firms that require liquidity to complete stock trades; funds whose investment decisions call for shifts into or out of certain stocks; retail customers; professional traders who want to establish or liquidate their positions; and retail brokerage firms. Hudson Securities was founded in 1984.
Note on Forward-Looking Statements:
Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Hudson Holding Corporation undertakes no obligation to update publicly any forward-looking statements.
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