FutureTrade reports Q2 results
14 July 2006 | 1715 views | 0
FutureTrade, a leading independent provider of electronic equity and option execution services, today reported record quarterly revenue with 28% 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.
"Our business continues to grow rapidly. The addition of new buy-side clients, new broker-dealer partners and the enhancement of the menu of services we offer to both, has sustained our position as a market leader", stated Murray Finebaum, President and CEO. "As one of the few remaining independent providers of a multi-broker order management and execution platform, we are uniquely positioned to support buy-side clients with a customizable range of electronic trading services which assist them in fulfilling their best execution requirements with the brokers of their choice. At the same time, we are working with major broker-dealers; enabling them to effectively compete for their clients’ electronic trading business."
Major company highlights for Q2 include:
Announcement of plans to integrate the FutureTrade Order Management System with LiquidnetRecord volume in equities and options tradingRecord partner volume through LiquidityPATH programSeveral additional broker destinations for its multi-broker functionalityAddition of several white-label partners including Williams Capital to its LiquidityPATH programAddition of numerous highly demanded algorithms and trading destinations as requested by its buy-side clients