A new
player offering futures and options trading, MetroTrade, has just emerged on
the American financial market. One of the fathers of the new business in the
USA is Ingmar Mattus, the Co-Founder of the popular brokerage brand Tickmill.
According
to the information published yesterday, MetroTrade has just obtained registration
with the Commodities Futures Trading Commission (CFTC) as an introducing broker
and is a proud member of the National Futures Association (NFA). Now, Mattus has further commented on the new introducing broker’s plans for future operations.
Mattus Launches MetroTrade:
US Futures and Options Brokerage
Mattus is
creating a new business in the USA together with the other Co-Founder, David
Klotz, and dedicated teams in Europe and North America. As he admits, his goal
is to “transform the US retail futures market” by utilizing new
technology and adapting to customer needs.
“Dave’s extensive experience in the futures industry pairs perfectly with my own history of co-founding and building Tickmill into a global retail brokerage with licenses in six major financial centers and 100,000 clients,” Mattus commented today on his LinkedIn profile. “We’re thrilled at the prospect of working together with our skilled team to achieve success.
Although MetroTrade is just starting its operations, it has ambitious plans to establish partnerships with major players in the industry, including CME Group, regulated financial firms, and introducing brokers, influencing the development of the futures industry in the USA.
MetroTrade
is backed by Andromeda Capital Partners Suisse, a Swiss private equity firm also run by Mattus and known for investing in innovative fintech companies such as AgenaTrader,
TradersYard, and Change Securities
“With backing from Andromeda’s extensive portfolio of fintech companies, MetroTrade is poised to make a significant impact on the financial landscape,” the Co-Founder of MetroTrade added.
The
company is set to launch its platform this summer and is currently expanding
its team across multiple departments, including customer support, technology,
and finance. As MetroTrade prepares for its launch, the company invites
potential clients to join its waiting list for early access to the platform and
its features.
“Retail traders deserve to have a variety of choices when it comes to their brokerage needs, and we are excited to meet and exceed those expectations,” concluded Klotz.
This is another important business move by Mattus after acquiring a 51% stake in Amsterdam-based fintech company Change in September. Similar to his entry into the US market and the acquisition of a European tech firm, these moves were made in collaboration with Andromeda Capital Partners Suisse. This separate business entity, created by the founder of Tickmill, focuses on acquiring and expanding innovative companies.
A Shift from CFDs to Futures
Mattus’s
move doesn’t appear to be a coincidence, especially when considering the latest
data published by Acuiti regarding companies transitioning from the CFD sector
to alternative instruments such as futures and options. This shift can be
attributed to the impact of regulations.
According
to the survey, more than 50 percent of European retail brokers want to
offer futures and options as an alternative to retail over-the-counter (OTC)
instruments like CFDs. Moreover, recent disruptions in the prop trading
industry have led to the emergence of futures prop trading platforms.
The survey
also revealed that 77 percent of European retail brokers are interested in
expanding into other regions, as widespread restrictions are set to be enforced
across the continent. Additionally, 69 percent of the respondents expressed
their intention to expand into institutional markets.
These
findings suggest that the changing regulatory landscape is driving brokers to
adapt their offerings and explore new markets to maintain their competitive
edge and ensure long-term growth.
This article was written by Damian Chmiel at www.financemagnates.com.
Feed from Financemagnates.com
