New Exchange Provides Futures Products and Will Offer Options to Global Brokerage Firms
The Small Exchange, a new futures exchange offering smaller, simpler products aimed toward retail customers, announced securing $4 million in investment from Interactive Brokers an automated global electronic broker, and Phillip Capital Group, a global financial services firm. As strategic partners, both firms will be key participants on the Small Exchange.
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“Through our investment and participation in the Small Exchange, we believe we can provide the retail user with products that are simple to understand and provide a level playing field for all. “ ”
The investments by Interactive Brokers and Phillip Capital add two world class brokerage firms that will provide access for their customers to product offering. The Small Exchange, focused on becoming the leading customer centric futures exchange, offers smaller, simpler products designed to bridge the futures product gap for investors and participants of all sizes. The investment will enable the Small Exchange to invest in its operations and expand its offering including additional futures products and options to individual traders and small trading firms seeking to connect to these markets. The Small Exchange’s focus continues to be on the retail trader and addressing the fee and connectivity barriers they face so they have better access.
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“As we launch our exchange, we are ecstatic to have Interactive Brokers and Phillip Capital as participants and strategic investors. The worldwide customer reach of these two firms combined with their knowledge of the brokerage space makes them a great fit for the Small Exchange,” said Don Roberts, the Small Exchange President and CEO. “Our product offering is tailored to the wide customer range of both firms. Having them as part of our already solid base of participants provides momentum as we build our liquidity and get ready for the next steps in our growth to offer expanded hours and option trading on our products.”
“Interactive Brokers serves clients in over 200 countries and territories, connecting them to 135 markets in 33 countries. We pride ourselves on providing a broad range of products to our clients,” said Steve Sanders, EVP of marketing and product development at Interactive Brokers. “Adding access to The Small Exchange will provide a new product offering for our clients that want to trade smaller, simpler futures contracts.”
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