FutureTrade Posts
Record Results in 2006
New York, NY and Lake Forest, CA - January 17, 2007 |
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FutureTrade, a leading independent
provider of multi-asset and algorithmic trading services, today
announced that it had achieved record revenues and volumes in
2006 - continuing a 4 year trend. The firm grew its US equities
trading volumes by 25%, growing at twice the rate of the major
US equities exchanges. FutureTrade’s options trading business
was up by 36% as more of their equities clients began to take
advantage of the platform’s multi-asset capabilities.
Algorithmic trading grew by 73%, driven by the addition of innovative
algorithms such as the BLOCK algorithm which accesses major
dark pools of liquidity. Volume from partners who white label
the FutureTrade platform under their LiquidityPATH® program
grew by 52% as several established relationships began to accelerate
their roll-out of the platform to their clients and several
new partnerships were signed.
“We were pleased to have grown in each of our focus
areas during 2006”, said Murray Finebaum, CEO of FutureTrade.
“With the softness in the US equity market volume, we
are focused on continuing to grow our Option, Algorithms and
LiquidityPATH Partner businesses. We expect the strong growth
in these areas to continue in 2007 and to see even stronger
growth from our new ability to execute in international markets.”
FutureTrade announced their latest version, 4.0, in December. Significant enhancements to the FutureTrade platform in version 4.0 are:
»Enter international symbols
using any of several recognized standards
»Trade equities and options
through a single integrated user interface
»Trade equity lists, pairs,
option spreads, sweeps and buy/writes
»Identify and display the
base currency of a portfolio which includes positions in multiple
currencies
»Access a suite of popular
algorithms, directly access ECN's and exchanges or route orders
to preferred brokers
About FutureTrade
FutureTrade provides buy-side traders with a fully integrated
direct access trading platform for equities and options. Through
one platform, traders access liquidity on all major US equity
exchanges, ECNs, ATSs, Market Makers, DOT and all major US
Options Exchanges as well major European and Canadian markets.
Users enter orders, get instantaneous executions, track multiple
portfolios, access market data efficiently, and see advanced
analytics - all from a single integrated workstation. FutureTrade
facilitates real-time reporting of trade data making it an
ideal front-end to straight-through processing for buy-side
traders. Market conditions and system performance may delay
system access, real-time data and trade execution. Transactions
executed through FutureTrade Securities, a wholly owned subsidiary
of FutureTrade Technologies. Securities offered through FutureTrade
Securities, LLC. Member of NASD and SIPC. For more information,
please visit www.futuretrade.com.
Contact Information:
Jim Kwiatkowski
EVP Sales and Marketing
(212) 230-2501
Email: jimk@futuretrade.com.
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