Bear, Stearns & Co. Inc. announced today that it has entered into a strategic alliance with FutureTrade to provide FutureTrade's highly regarded institutional electronic trading platform to Bear Stearns' Global Prime Brokerage clients. FutureTrade's sophisticated trading platform will allow Bear Stearns' clients enhanced market access and enable equities and options traders to obtain the best execution possible in today's fragmented and volatile markets.
Commenting on the alliance, Ron Suber, Bear Stearns senior managing director and Manager of Global Clearing Sales, said, "Our leading market position in prime brokerage has been achieved by providing our clients with the most effective combination of technology and service. FutureTrade offers an added dimension of service to our suite of trading tools."
Bear Stearns' senior managing director, Bennett Egeth, said, "Our clients are among the most sophisticated on Wall Street. We meet their needs through a combination of proprietary products and strategic solutions that integrate market leading products. Alliances such as this are borne from developing a comprehensive understanding of the current and future needs of our clients. We are very excited about expanding our product offering to include FutureTrade."
Murray Finebaum, President and CEO of FutureTrade, added, "Partnering with an industry leader like Bear Stearns, further validates the success FutureTrade has had in developing our platform. Our detailed attention to the requirements of traders and our seamless level of integration will provide Bear Stearns' clients an even greater competitive edge in the marketplace."