Exhibit 21.1
TradeStation Group, Inc. Subsidiaries
| Name of Subsidiary | Jurisdiction of Organization | |
| TSG Merger Sub, Inc. | Delaware | |
| TradeStation Crypto, Inc. | Florida | |
| TradeStation Securities, Inc. | Florida | |
| TradeStation Technologies, Inc. | Florida | |
| You Can Trade, Inc. | Florida | |
| TradeStation Global Services, SA | Costa Rica | |
| TradeStation Business Consulting (Shenzhen) Company Limited | China | |
| TradeStation International Ltd | U.K. |