FutureTrade Announces Agreement with LaBranche Financial
Services
Institutional Execution Group to Offer FutureTrade’s Electronic
Trading Platform to its Customers
New York, NY - September 18, 2006 | View
PDF
FutureTrade, a leading
provider of electronic equity, option and algorithmic trading,
today announced an agreement with LaBranche Financial Services,
Inc.’s Institutional Execution Group, which provides
quality brokerage and execution services. Under the terms
of the agreement, LaBranche Financial Services’ institutional
clients will have access to FutureTrade’s electronic
trading platform for self-directed direct market access (DMA)
and algorithmic execution. LaBranche’s Institutional
Execution Group will market the latest FutureTrade offering,
which is integrated with major buy-side Order Management Systems.
LaBranche Financial Services is a division of LaBranche and
Co Inc. (NYSE: LAB).
“LaBranche’s Institutional Execution Group’s
client base includes many of the nation’s large institutions
and hedge funds. We are continuing to take initiatives to
provide best execution at low costs and to address the ever
changing complexities associated with finding liquidity,”
said Phil Rapp, a Managing Director of LaBranche Financial
Services. “By providing our clients with FutureTrade’s
platform they will have one of the best available electronic
trading solutions, and through our partnership with FutureTrade,
we will be able to better serve our clients’ needs.”
“The Institutional Execution Group is proud to work
with FutureTrade. We believe our agency model is a complementary
fit with a broker-neutral platform such as FutureTrade and
we can further help our customers consolidate their electronic
trading with one multi-broker execution platform,” said
Scott Bauer, Vice President of Electronic Trading at LaBranche
Financial Services.
LaBranche’s Institutional Execution Group’s clients
can benefit from the latest features available through FutureTrade’s
platform. The system has been designed to enhance the ease
of use and functionality of the platform, while enabling integrated
multi-security trading of equities and options.
Popular features include:
» Internet accessibility
» Single stock and
list trading
» Access to algorithms,
ECN/ATS’s and Exchanges
» Direct access to
LaBranche’s Institutional Execution Group
» Order staging from
all major Order Management Systems
» Symbol-based order preferences
» Options spreads and
sweeps
» Integrated market
data and portfolio information
» Advanced web-based
allocations
» Access to the NASDAQ
opening and closing cross
“We are delighted to be working with such a respected
firm as LaBranche and pleased to have been selected as the
multi-asset electronic trading platform for LaBranche’s
valued buy-side clients,” said James Kwiatkowski, Executive
Vice President of Sales and Marketing at FutureTrade. “Through
our LiquidityPATH® program, LaBranche will be able to
augment their existing brokerage services with one of the
industry's most popular electronic trading platforms supported
by its well regarded customer service capabilities.”
About LaBranche’s Institutional Execution Group
(IEG) and LaBranche & Co Inc.
LaBranche’s Institutional Execution Group offers execution
services for NYSE, Amex and Nasdaq/OTC with seamless processing
from order origination to optimal trade execution. The Institutional
Execution Group’s commitment to service goes beyond
simply executing orders. With personalized service, the Institutional
Execution Group offers a customized trading solution to its
customers’ needs.
LaBranche & Co Inc. is the parent of LaBranche & Co.
LLC, one of the largest Specialists in equity securities listed
on the New York and American Stock Exchanges. LaBranche is
also the parent of LaBranche Structured Holdings, Inc., whose
subsidiaries are specialists and market-makers in options,
exchange-traded funds and futures on various exchanges domestically
and internationally. Our specialists and market makers are
leading liquidity providers, bringing capital and critical
expertise to securities markets. LaBranche’s LaBranche
Financial Services, Inc. subsidiary provides securities execution,
clearing and direct-access floor brokerage services to institutional
investors.
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 exchanges,
ECNs, ATSs, Market Makers, DOT and all major US Options Exchanges.
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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