FutureTrade says that their Q3 revenue has grown by 16 percent compared to the same period in 2005. Revenues for the first 9 months of 2006 were 27 percent higher compared to 2005.
“Electronic trading has become a staple among hedge funds and institutional asset managers”, says Murray Finebaum, the President and CEO of FutureTrade. “Today, nearly every major brokerage offers its own trading platform and set of algorithms and new trading venues are announced each month. This presents the buy-side trader with a confusing array of tools with which to accomplish his job in increasingly difficult markets, as well as a growing concern over the potential for information leakage and market impact. More than ever, FutureTrade’s independence and ability to facilitate trading with multiple brokers are raised as crucial differentiators and have fueled our continued growth.”
FutureTrade has 200 hedge fund and other institutional clients, which manage over USD185 billion in equity assets.