FutureTrade, a provider of electronic equity and option execution services, reported record revenue with 37% growth in quarterly revenues for the first quarter as compared to the same period in 2005. Revenues were up 8% as compared to the prior quarter.
“We are seeing increased demand among broker/dealers seeking to provide our electronic trading platform to their clients on a white label basis and among buy-side clients for multi-broker trading and analytic capabilities,” stated Murray Finebaum President and CEO. “To enhance our leadership position among independent trading platform providers, we recently integrated transaction cost analysis to assist our clients in judging which broker or algorithm provides best execution and commission management capabilities to allow for efficient budgeting and tracking of commissions.”
FutureTrade has about 200 hedge fund and other institutional clients, which manage more than $185 billion in equity assets.