Interactive Brokers Group Acquires FutureTrade
Adds to Capability of Servicing Hedge Funds in Order Execution, Management and Prime Brokerage
Interactive Brokers Group, a major automated global electronic broker today announced the execution of a Definitive Agreement to acquire FutureTrade Technologies and its wholly-owned subsidiary, FutureTrade Securities for an undisclosed amount of cash. FutureTrade is a leading provider of integrated electronic equity and option trading services. “This acquisition increases our ability to expand our services for the hedge fund and institutional community more rapidly.” said Thomas Peterffy, Chairman of Interactive Brokers Group. “We were specifically attracted to FutureTrade by its customer base of over 200 institutions, their 40 software developers and the technology they have developed over the past 5 years. We are building a full service organization for hedge funds including execution and prime brokerage services.”
“I am excited about joining Interactive Brokers and bringing the capabilities of FutureTrade and its team to servicing the hedge fund and institutional market” said Murray Finebaum, President & CEO of FutureTrade. “Combining the worldwide reach and financial capabilities of Interactive Brokers with our track record of serving hedge fund and institutional investors will be a compelling offering in 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 automated
global electronic market maker and broker specializing in routing orders
and executing and processing trades in securities, futures and foreign exchange
instruments as a member of 70 electronic exchanges and trading venues around
the world. The company provides professional traders and investors with direct
access to stocks, options, futures, forex and bonds from a single IB Universal
AccountSM. Employing proprietary software on electronic exchanges worldwide,
Interactive Brokers is continuously integrating its software with a growing
number 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 information read the "Characteristics and Risks of Standardized Options". For a copy call (203) 618-5800.
About FutureTrade
FutureTrade provides buy-side traders with a fully integrated
direct access trading platform for equities and options. Through one platform,
traders
access liquidity on all major exchanges, ECNs, ATSs, Market Makers, DOT
and all major US Options Exchanges. Users enter orders, get instantaneous
executions,
track multiple portfolios, access market data efficiently, and see advanced
analytics -- all from a single integrated workstation. FutureTrade facilitates
real-time reporting of trade data making it an ideal front-end to straight-through
processing for buy-side traders. Market conditions and system performance
may delay system access, real-time data and trade execution. Transactions
executed through FutureTrade Securities, a wholly owned subsidiary of FutureTrade
Technologies. Securities offered through FutureTrade Securities, LLC. Member
of FINRA and SIPC.
Contact:
For Interactive Brokers Group, Inc.
Media: Andrew Wilkinson, 203-913-1369
or
Investors: 888-919-0022 (domestic)
and 312-542-6890 (international)

