FutureTrade aims to provide electronic trading tools and services to institutional traders and hedge fund managers. The platform aims to allow buy-side traders to react quickly to market information and movement, as well as manage their portfolio strategy as they monitor risk. It was founded in 1998 and is based in Lake Forest, California. In November 2007, FutureTrade was acquired by Interactive Brokers.
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Latest FutureTrade News
Feb 2, 2024
Adds to Capability of Servicing Hedge Funds in Order Execution, Management andPrime Brokerage Interactive Brokers Group,a major automated global electronic broker today announced the execution ofa Definitive Agreement to acquire FutureTrade Technologies and its wholly-ownedsubsidiary, FutureTrade Securities for an undisclosed amount of cash. FutureTradeis a leading provider of integrated electronic equity and option trading services. “Thisacquisition increases our ability to expand our services for the hedge fundand institutional community more rapidly.” said Thomas Peterffy, Chairmanof Interactive Brokers Group. “We were specifically attracted to FutureTradeby its customer base of over 200 institutions, their 40 software developersand the technology they have developed over the past 5 years. We are buildinga full service organization for hedge funds including execution and prime brokerageservices.” “I am excited about joining Interactive Brokers and bringing the capabilitiesof FutureTrade and its team to servicing the hedge fund and institutionalmarket” saidMurray Finebaum, President & CEO of FutureTrade. “Combining the worldwidereach and financial capabilities of Interactive Brokers with our track recordof serving hedge fund and institutional investors will be a compelling offeringin the market.” The transaction has been approved by the Boards of both organizations. About Interactive Brokers Group Interactive Brokers Group, Inc., together with its subsidiaries, is an automatedglobal electronic market maker and broker specializing in routing ordersand executing and processing trades in securities, futures and foreign exchangeinstruments as a member of 70 electronic exchanges and trading venues aroundthe world. The company provides professional traders and investors with directaccess to stocks, options, futures, forex and bonds from a single IB UniversalAccountSM. Employing proprietary software on electronic exchanges worldwide,Interactive Brokers is continuously integrating its software with a growingnumber of exchanges and trading venues into one automatically functioning,computerized platform that requires minimal human intervention. Interactive Brokers LLC is a member of NYSE/FINRA/ SIPC . Options involve risk and are not suitable for all investors. For more informationread the "Characteristics and Risks of Standardized Options". Fora copy call (203) 618-5800. About FutureTrade FutureTrade provides buy-side traders with a fully integrateddirect access trading platform for equities and options. Through one platform,tradersaccess liquidity on all major exchanges, ECNs, ATSs, Market Makers, DOTand all major US Options Exchanges. Users enter orders, get instantaneousexecutions,track multiple portfolios, access market data efficiently, and see advancedanalytics -- all from a single integrated workstation. FutureTrade facilitatesreal-time reporting of trade data making it an ideal front-end to straight-throughprocessing for buy-side traders. Market conditions and system performancemay delay system access, real-time data and trade execution. Transactionsexecuted through FutureTrade Securities, a wholly owned subsidiary of FutureTradeTechnologies. Securities offered through FutureTrade Securities, LLC. Memberof FINRA and SIPC. Contact: Media: Andrew Wilkinson, 203-913-1369
FutureTrade Frequently Asked Questions (FAQ)
When was FutureTrade founded?
FutureTrade was founded in 1998.
Where is FutureTrade's headquarters?
FutureTrade's headquarters is located at 26110 Enterprise Way, Lake Forest.
What is FutureTrade's latest funding round?
FutureTrade's latest funding round is Acquired.
How much did FutureTrade raise?
FutureTrade raised a total of $40.8M.
Who are the investors of FutureTrade?
Investors of FutureTrade include Interactive Brokers, Menlo Ventures, Smart Technology Ventures and Garage Technology Ventures.