Edgar Filing: RLCF I 1997 LTD PARTNERSHIP

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

CRUZ RALPH L

2. Issuer Name and Ticker or Trading Symbol
TRADESTATION GROUP INC [TRAD]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Co-Chairman & Co-CEO

(Last)

(First)

(Middle)

8050 SW 10TH STREET, SUITE 4000

3. Date of Earliest Transaction (Month/Day/Year)
11/08/2004

(Street)

PLANTATION, FL 33324

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/08/2004		S⁽¹⁾		1,000	D	$ 6.81	8,078,968	I	Partner ⁽²⁾
Common Stock	11/08/2004		S⁽¹⁾		3,000	D	$ 6.78	8,075,968	I	Partner ⁽²⁾
Common Stock	11/08/2004		S⁽¹⁾		2,000	D	$ 6.75	8,073,968	I	Partner ⁽²⁾
Common Stock	11/08/2004		S⁽¹⁾		1,000	D	$ 6.74	8,072,968	I	Partner ⁽²⁾
Common Stock	11/08/2004		S⁽¹⁾		1,000	D	$ 6.72	8,071,968	I	Partner ⁽²⁾
Common Stock	11/08/2004		S⁽¹⁾		1,000	D	$ 6.7	8,070,968	I	Partner ⁽²⁾
Common Stock	11/08/2004		S⁽¹⁾		1,092	D	$ 6.68	8,069,876	I	Partner ⁽²⁾
Common Stock	11/08/2004		S⁽¹⁾		908	D	$ 6.67	8,068,968	I	Partner ⁽²⁾
Common Stock	11/08/2004		S⁽¹⁾		1,000	D	$ 6.65	8,067,968	I	Partner ⁽²⁾
Common Stock	11/08/2004		S⁽¹⁾		1,000	D	$ 6.64	8,066,968	I	Partner ⁽²⁾
Common Stock	11/08/2004		S⁽¹⁾		1,000	D	$ 6.63	8,065,968	I	Partner ⁽²⁾
Common Stock	11/09/2004		S⁽¹⁾		1,000	D	$ 6.63	8,064,968	I	Partner ⁽²⁾
Common Stock	11/09/2004		S⁽¹⁾		2,200	D	$ 6.66	8,062,768	I	Partner ⁽²⁾
Common Stock	11/09/2004		S⁽¹⁾		11,600	D	$ 6.65	8,051,168	I	Partner ⁽²⁾
Common Stock	11/09/2004		S⁽¹⁾		1,100	D	$ 6.67	8,050,068	I	Partner ⁽²⁾
Common Stock	11/10/2004		S⁽¹⁾		28	D	$ 6.72	8,050,040	I	Partner ⁽²⁾
Common Stock	11/10/2004		S⁽¹⁾		1,100	D	$ 6.68	8,048,940	I	Partner ⁽²⁾
Common Stock	11/10/2004		S⁽¹⁾		3,945	D	$ 6.66	8,044,995	I	Partner ⁽²⁾
Common Stock	11/10/2004		S⁽¹⁾		27	D	$ 6.67	8,044,968	I	Partner ⁽²⁾
Common Stock	11/10/2004		S		0	D	$ 0	1,950,000	I	Partner ⁽³⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CRUZ RALPH L 8050 SW 10TH STREET SUITE 4000 PLANTATION, FL 33324	X	X	Co-Chairman & Co-CEO
RLCF I 1997 LTD PARTNERSHIP 5100 WESTHEIMER SECOND FLOOR, UNIT 17-A HOUSTON, TX 77056		X

Signatures

/s/ Ralph L. Cruz, individually and as President of RLCF-I GP, Inc., the general partner of RLCF-I 1997 Limited Partnership		11/10/2004
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 12, 2004.
(2)	Shares owned by RLCF-I 1997 Limited Partnership, the 1% general partner of which is a Texas corporation that is wholly owned by Ralph L. Cruz and the limited partners of which are Ralph L. Cruz (93.594% partnership interest) and his spouse (5.406% partnership interest). RLCF-I 1997 Limited Partnership is a 10% owner of the issuer.
(3)	Shares owned by RLCF-II 1997 Limited Partnership, which is 100% beneficially owned by Ralph L. Cruz. This partnership engaged in no purchase or sale transactions regarding the shares.

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