TradeStation buying software from Rina for $5M

PLANTATION, Fla.

TradeStation Group Inc. said Monday it has acquired a set of software products known as "Portfolio Maestro" from Rina Technologies LLC for $5 million in cash and stock

The software is designed help shape stock trading strategies, a feature TradeStation said its customers have been asking for.

TradeStation it paid $4.2 million in cash, plus $792,000 in new TradeStation shares.

The company's stock fell 12 cents, or 2.1 percent, to $5.65 in morning trading.