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 *
Black T Keith
   2. Issuer Name and Ticker or Trading Symbol
TRADESTATION GROUP INC [TRAD] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
VP Prod Dev TS Technologies
(Last)
(First)
(Middle)
1820 NORTH GLENVILLE DRIVE, SUITE 100		 3. Date of Earliest Transaction (Month/Day/Year)
11/28/2007
(Street)

RICHARDSON, TX 75081		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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)
Code V Amount (A) or (D) Price
Common Stock 11/28/2007   M   9,376 A $ 1.47 193,849 D  
Common Stock 11/28/2007   M   9,000 A $ 1.39 202,849 D  
Common Stock 11/28/2007   M   5,522 A $ 7.11 208,371 D  
Common Stock 11/28/2007   S   5,000 D $ 11.6 203,371 D  
Common Stock 11/28/2007   S   5,000 D $ 11.65 198,371 D  
Common Stock 11/28/2007   S   5,000 D $ 11.7 193,371 D  
Common Stock 11/28/2007   S   3,898 D $ 11.8 189,473 D  
Common Stock 11/28/2007   S   4,900 D $ 11.85 184,573 D  
Common Stock 11/28/2007   S   100 D $ 11.86 184,473 D  

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to buy) $ 1.47 11/28/2007   M     9,376 01/28/2006(1) 01/28/2012 Common Stock 9,376 $ 1.47 0 D  
Stock Option (Right to buy) $ 1.39 11/28/2007   M     9,000 12/24/2004(2) 12/24/2012 Common Stock 9,000 $ 1.39 3,000 D  
Stock Option (Right to buy) $ 7.11 11/28/2007   M     5,522 01/03/2006(3) 01/03/2015 Common Stock 5,522 $ 7.11 12,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Black T Keith
1820 NORTH GLENVILLE DRIVE
SUITE 100
RICHARDSON, TX 75081		       VP Prod Dev TS Technologies

Signatures

 /s/ T. Keith Black   11/29/2007
**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 derivative securities exercised (9,376 in total) became exercisable as follows: 1,376 on January 28, 2006 and 8,000 on January 28, 2007.
(2) The derivative securities exercised (9,000 in total) became exercisable as follows: 3,000 each on December 24, 2004, 2005 and 2006. The remaining derivative securities beneficially owned after such exercise (3,000 in total) become exercisable on December 24, 2007.
(3) The derivative securities exercised (5,522 in total) became exercisable as follows: 1,522 on January 3, 2006 and 4,000 on January 3, 2007. The remaining derivative securities beneficially owned after such exercise (12,000 in total) become exercisable as follows: 4,000 each on January 3, 2008, 2009 and 2010.

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