FutureTrade, a provider of multi-asset and algorithmic trading services, has announced that it has achieved record revenues and volumes in 2006, continuing a 4-year trend. The firm’s US equities trading volumes grew by 25%.
FutureTrade’s options trading business was up by 36% as more of its equities clients began to take advantage of the platform’s multi-asset capabilities. Algorithmic trading grew by 73%, driven by the addition of algorithms including the BLOCK algorithm, which accesses major dark pools of liquidity, says the firm.
“We were pleased to have grown in each of our focus areas during 2006,” says Murray Finebaum, CEO, FutureTrade. “With softness in the US equity market volume, we are focused on continuing to grow our option, algorithms and LiquidityPATH Partner businesses,” he adds.