Quantitative Alpha Trading Inc. announced that Dr. Alex Bogdan has resigned as Director, President and Chief Executive Officer, effective immediately. The resignation followed resignations from all remaining QAT employees and came as a result of the company's inability to meet financial obligations and continue operating as a going concern.

Quantitative Alpha Trading Inc. announced changes to directors and officers of the company. Board members Mr. Milstein, Mr. Posen, Mr. Gibson and Mr. Ralph have resigned. Mr. McGovern will resign as CEO and as a director. Dr. Alex Bogdan will remain on the board of directors and as President assuming all responsibilities of the corporation. The company also announced that its address has changed to: P.O. BOX 935, 31 ADELAIDE ST. EAST, TORONTO, ON M5C 2K3.

Quantitative Alpha Trading Inc. reported earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported a net loss of $1,532,028 or $0.01 per share as compared to a net loss of $1,273,478 or $0.00 per share for the same period last year. For the nine months, the company reported a net loss of $3,380,122 or $0.01 per share as compared to $3,908,303 or $0.02 per share for the nine months ended September 30, 2011.